Amendment to Existing Notes Sample Clauses
The "Amendment to Existing Notes" clause allows for changes or modifications to the terms of promissory notes or similar debt instruments that have already been issued. In practice, this clause outlines the process by which the parties can agree to alter provisions such as interest rates, maturity dates, or repayment schedules, typically requiring mutual consent and sometimes specific procedures or documentation. Its core function is to provide flexibility for both the issuer and the noteholders to adapt the terms of the notes in response to changing circumstances, thereby ensuring the continued relevance and enforceability of the agreement.
Amendment to Existing Notes. The Corporation shall have delivered to the Purchaser, to the satisfaction of the Purchaser, acting reasonably, proof that (i) all of the holders of the Existing Notes (other than the Purchaser) have exercised either the First Option or the Second Option, (ii) the Board has adopted a resolution creating the Preferred Shares, in the form attached hereto as Exhibit 3.2(s), (iii) all holders of Existing Notes who have exercised the First Option have provided to the Corporation a notice of exercise of the conversion of their Existing Notes into Preferred Shares and have been issued the Preferred Shares in accordance with the terms of such First Option, and (iv) all holders of Existing Notes who have exercised the Second Option have agreed to the Surviving Notes being in the form set forth in Exhibit 3.2(s)(i).
Amendment to Existing Notes. The Purchasers and Napo hereby Agree that (a) Section 2(a)(ii) of each outstanding Note is hereby amended by replacing the reference to “June 30, 2017” therein with a reference to “July 31, 2017” and (b) the Conversion Price is deemed to be $0.925.
Amendment to Existing Notes. Each of the Existing Notes is hereby amended, as follows:
Amendment to Existing Notes. The amendment (the "Amendment") (the form of which is attached hereto as Exhibit 4.12) of the Note Purchase Agreement dated September 15, 1997 between the Company and the purchasers listed in Schedule A thereto relating to the Company's issuance of the 8.17% Subordinated Notes due September 15, 2002 in the aggregate principal amount $20,000,000 shall have been executed and delivered by the Company.
Amendment to Existing Notes. The Amendment has been duly authorized, executed and delivered by the Company and is in full force and effect.
Amendment to Existing Notes. Subject to the satisfaction of the conditions set forth in Section 4, the parties hereto hereby agree that, effective as of the Restatement Date, each Existing Note shall be, and is hereby, amended to conform to the form of Existing Note set forth in Schedule 1-A. The Obligors shall execute and deliver new Existing Notes in exchange for the outstanding Existing Notes in accordance with Section 4.6.
Amendment to Existing Notes. The Company and, subject to the satisfaction of the conditions set forth in Section 3, each Holder, hereby consents and agrees that each outstanding Existing Note shall be deemed to be amended and restated to conform with the form of Note attached hereto as Exhibit A, without any further action on the part of the Company or any Holder (each such Existing Note, as amended hereby, is herein referred to, individually, as an "AMENDED NOTE", and collectively, as the "AMENDED NOTES"). Upon surrender of any outstanding Existing Note, the Company shall deliver to the registered holder thereof an Amended Note in the form attached as Exhibit A hereto, dated the date of the last interest payment thereon, and be in the outstanding principal amount of such Existing Note.
Amendment to Existing Notes. Use the Borrower's reasonable commercial efforts to amend the Existing Notes as soon as practicable following the Closing Date to include the changes previously agreed to by the Borrower and the Agent.