Amendments to the Existing Loan Agreement Clause Examples
The "Amendments to the Existing Loan Agreement" clause establishes the procedures and requirements for making changes to the terms of a current loan agreement. Typically, this clause specifies that any modifications must be made in writing and agreed upon by all parties involved, ensuring that informal or unilateral changes are not valid. For example, if the borrower and lender wish to adjust the repayment schedule or interest rate, they must follow the process outlined in this clause. Its core function is to maintain clarity and mutual consent regarding any alterations to the original agreement, thereby preventing disputes over unauthorized or misunderstood changes.
Amendments to the Existing Loan Agreement. (a) Upon satisfaction of the conditions set forth in Section 3 hereof, the Existing Loan Agreement is hereby amended as follows:
(i) Exhibit A attached hereto sets forth a clean copy of the Loan Agreement as amended hereby;
(ii) In Exhibit B hereto, deletions of the text in the Existing Loan Agreement (including, to the extent included in such Exhibit B, each Schedule or Exhibit to the Existing Loan Agreement) are indicated by struck-through text, and insertions of text are indicated by bold, double-underlined text.
Amendments to the Existing Loan Agreement. (a) The Existing Loan Agreement shall be amended as follows effective as of the date hereof (except as otherwise noted):
(i) The following defined terms are hereby added, in appropriate alphabetical order, or amended and restated, as applicable, in Section 1.1 of the Existing Loan Agreement, as set forth below:
Amendments to the Existing Loan Agreement. The Existing Loan Agreement is amended as follows:
Amendments to the Existing Loan Agreement. Subject to the terms and conditions of this Agreement, including, without limitation, the conditions to effectiveness set forth in Section 3 below:
(a) Section 1.1 of the Existing Loan Agreement is hereby amended by adding the following defined terms, in appropriate alphabetical order:
Amendments to the Existing Loan Agreement. The Existing Loan Agreement hereby is amended as follows:
Amendments to the Existing Loan Agreement. Effective as of the Fifth Amendment Effective Date (as defined below), the parties hereto agree that the Existing Loan Agreement (including all Exhibits and Schedules) is hereby amended to delete the stricken text (indicated in the same manner as the following example: stricken text) and to add the double-underlined text (indicated in the same manner as the following example: double-underlined text) and Schedule 2.01 (Lender Commitments) to the Existing Loan Agreement is restated in its entirety, in each case, as set forth on Exhibit A hereto.
Amendments to the Existing Loan Agreement. (a) Amendment to Section 1.1. The following new definitions are hereby inserted into Section 1.1 of the Existing Loan Agreement in the appropriate alphabetical order: “First Amendment - the First Amendment to Third Amended and Restated Term Loan and Security Agreement, dated as of March 19, 2015 by and among the Borrowers, the Guarantors party thereto, the Lenders party thereto and the Agent.” “First Amendment Effective Date - March 19, 2015.”
Amendments to the Existing Loan Agreement. Upon the First Amendment Effective Date (as defined below), the Existing Loan Agreement is hereby amended as follows:
(a) The definition of “Interest Rate” is replaced in its entirety by the following:
Amendments to the Existing Loan Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 9 hereof, the parties hereto hereby agree to amend the Existing Loan Agreement as follows:
(a) Section 1.1 of the Existing Loan Agreement is hereby amended by adding the following new defined terms in the proper alphabetical order:
Amendments to the Existing Loan Agreement. 2.1. Effective as of the First Amendment Effective Date (as defined below), the Existing Loan Agreement is hereby amended (a) to delete the stricken text (indicated textually in the same manner as the following examples: stricken text and stricken text) and (b) to add the double-underlined text (indicated textually in the same manner as the following examples: double-underlined text and double-underlined text), in each case, as set forth in the marked pages of the Existing Loan Agreement (and to the extent provided in Exhibit A hereto, the exhibits, schedules and appendices to the Existing Loan Agreement) attached hereto as Exhibit A hereto and made a part hereof for all purposes.