Amendment to the Loan Agreement Clause Examples
The "Amendment to the Loan Agreement" clause establishes the process by which changes to the original loan agreement can be made. Typically, this clause requires that any modifications, additions, or deletions to the terms of the loan must be documented in writing and agreed upon by all parties involved. For example, if the borrower and lender wish to alter the repayment schedule or adjust the interest rate, such changes would need to be formalized through an amendment. This clause ensures that all parties are aware of and consent to any changes, thereby preventing misunderstandings and maintaining the integrity of the agreement.
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Amendment to the Loan Agreement. Effective upon the date hereof, following the execution and delivery hereof, the definition of Conversion Date in Section 101 of the Loan Agreement is hereby amended in its entirety to read as follows:
Amendment to the Loan Agreement. (a) The following definitions in the Loan Agreement shall be amended as indicated below:
Amendment to the Loan Agreement. Effective as of the Effective Date (as defined herein), the Loan Agreement is amended as follows:
1.1 By amending and restating Section 4.I of the Loan Agreement as follows:
Amendment to the Loan Agreement. The ", or" shall be deleted from the end of Section 3.5(i), and the following shall be added: "or under substantially similar terms as those set forth in this Agreement, or"
Amendment to the Loan Agreement. (a) The Loan Agreement is hereby amended in accordance with Section 10.05 thereof to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example: bold and double-underlined text) as set forth on the pages of the Loan and Security Agreement attached as Exhibit A hereto. Exhibit A hereto constitutes a conformed copy of the Loan and Security Agreement.
Amendment to the Loan Agreement. Section 3.1 of the Loan Agreement shall be amended and restated as follows:
Amendment to the Loan Agreement. (a) Section 1.1.46 of the Loan Agreement is hereby amended by deleting the date "September 30, 1995" appearing therein in the definition of "Revolver Termination Date" and substituting therefore the date "June 30, 1996".
(b) Section 1.1.34 of the Loan Agreement is hereby amended by adding "the Letter of Credit Agreements" after "the Notes,".
(c) Section 2.1 of the Loan Agreement is hereby amended by deleting the existing language and substituting the following:
Amendment to the Loan Agreement. (a) Section 4.2.2. of the Loan Agreement is hereby amended by deleting the existing language and substituting the following:
Amendment to the Loan Agreement. (a) The following Definitions are added to Section 1.1 of the Loan Agreement in alphabetical order:
Amendment to the Loan Agreement. Section 7.01(d) of the Loan Agreement is hereby deleted in its entirety and replaced with the following: