Common use of Amendment to Assignment Clause in Contracts

Amendment to Assignment. Recital A of the Assignment is hereby amended to read in its entirety as follows: A. Lender has agreed to make a revolving loan to Borrower in a principal amount of up to One Hundred Million Dollars ($100,000,000) (the “Loan”) pursuant to the terms of a Loan Agreement dated as of September 25, 2000, as amended by a First Amendment to Loan Agreement dated as of July 13,2001 and by a Second Amendment to Loan Agreement and to Other Loan Documents dated as of March 28, 2002 (as the same may be amended, supplemented or otherwise modified from time to time, including any other instruments executed or delivered in renewal, extension, rearrangement or otherwise in replacement of said Loan Agreement, the “Loan Agreement”), the proceeds of which Loan are available to the Borrower subject to the terms and conditions of the Loan Agreement.”

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (William Lyon Homes)