Modification of Existing Loan Documents Sample Clauses

Modification of Existing Loan Documents. Borrower shall have --------------------------------------- executed, acknowledged and delivered to Lender (i) an amendment to this Agreement (A) restating, as of the Additional Advance Closing Date, the Subsequent Advance Rate as the Additional Advance Rate and (B) restating the Closing Date Debt Service Coverage Ratio as the Debt Service Coverage Ratio calculated for the twelve (12) full calendar months immediately preceding the Additional Advance Closing Date using the Additional Advance Rate; (ii) any modification or amendment to any existing Mortgage or Assignment of Leases encumbering any Individual Property or any notice of the Additional Advance that Lender reasonably determines is necessary or advisable to ensure that such Mortgage or Assignment of Leases secures the Additional Advance and evidence that counterparts of such modification, amendment or notice have been delivered to the title company for recording and (iii) any other modification, amendment or supplement to this Agreement or the other Loan Documents that Lender may reasonably require in connection with such Additional Advance. Lender also shall have received evidence that any recording or filing with respect to any such modifications amendments or supplements have been paid.
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Modification of Existing Loan Documents. 1. All Existing Loan Documents are hereby modified to refer to the Mortgagor in lieu of the Original Borrower.
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Modification of Existing Loan Documents. Borrower shall have --------------------------------------- executed, acknowledged and delivered to Lender (A) an amendment to this Agreement (1) if, after such Subsequent Advance, the Total Advances would exceed One Hundred Sixty Million and No/100 Dollars ($160,000,000), restating the Regular Interest Rate as the Subsequent Advance Rate calculated as of such Subsequent Advance Closing Date and (2) restating the Closing Date Debt Service Coverage Ratio as the Debt Service Coverage Ratio calculated for the twelve (12) full calendar months immediately preceding such Subsequent Advance Closing Date using the Subsequent Advance Rate with respect to such Subsequent Advance; (B) any modification or amendment to any existing Mortgage or Assignment of Leases encumbering any Individual Property as of the Subsequent Advance Closing Date or any notice of such Subsequent Advance that Lender reasonably determines is necessary or advisable to ensure that such Mortgage or Assignment of Leases secures such Subsequent Advance and evidence that counterparts of such modification, amendment or notice have been delivered to the title company for recording and (C) any other modification, amendment or supplement to this Agreement or the other Loan Documents that Lender may reasonably require in connection with such Subsequent Advance and the related addition of any Additional Property as security for the Loan.
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Modification of Existing Loan Documents. Borrower shall have executed, acknowledged and delivered to Lender any modification or amendment to any existing Mortgage or Assignment of Leases encumbering any Individual Property as of the Subsequent Advance Closing Date or any notice of such Subsequent Advance that Lender reasonably determines is necessary or advisable to ensure that such Mortgage or Assignment of Leases secures such Subsequent Advance and evidence that counterparts of such modification, amendment or notice have been delivered to the title company for recording and any other modification, amendment or supplement to this Agreement or the other Loan Documents that Lender may require in connection with such Subsequent Advance.
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Modification of Existing Loan Documents. Notwithstanding the provisions of the Existing Loan Documents, each of the Existing Loan Documents, including the Note and Loan Agreement, is hereby amended to reduce the indebtedness evidenced by the Note to FIVE MILLION AND NO/100 DOLLARS ($5,000,000.00).
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Modification of Existing Loan Documents. In consideration of the covenants set forth in this Agreement, the New Borrower and Lender agree as follows:
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Modification of Existing Loan Documents 
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Related to Modification of Existing Loan Documents

  • Modification of Loan Documents, etc Neither the Administrative Agent nor any other Secured Party shall incur any liability to any Guarantor as a result of any of the following, and none of the following shall impair or release this Guaranty or any of the obligations of any Guarantor under this Guaranty:

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply:

  • Termination of Existing Credit Agreements The Company and each of the Banks that is also a "Bank" party to the Existing Credit Agreements agrees that the "Commitments" as defined in the Existing Credit Agreements shall be terminated in their entirety on the Effective Date. Each of such Banks waives (a) any requirement of notice of such termination pursuant to Section 2.09 of the Existing Credit Agreements and (b) any claim to any facility fees or other fees under the Existing Credit Agreements for any day on or after the Effective Date. Each of the Company and the Borrower (i) represents and warrants that (x) after giving effect to the preceding sentences of this Section 10.07, the commitments under the Existing Credit Agreements will be terminated effective not later than the Effective Date, (y) no loans are, as of the date hereof, or will be, as of the Effective Date, outstanding under the Existing Credit Agreements and (ii) covenants that all accrued and unpaid facility fees and any other amounts due and payable under the Existing Credit Agreements shall have been paid on or prior to the Effective Date.

  • Termination of Existing Credit Agreement Receipt by the Administrative Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is being terminated and all Liens securing obligations under the Existing Credit Agreement concurrently with the Closing Date are being released.

  • Amendment of Loan Documents Grantor authorizes Bank, without notice or demand and without affecting its liability hereunder, from time to time to (a) renew, extend, or (with the approval of Borrower) otherwise change the terms of any Loan Document, or any part thereof; (b) take and hold security for the payment of any Loan Document, and exchange, enforce, waive and release any such security; and (c) apply such security and direct the order or manner of sale thereof as Bank in its sole discretion may determine.

  • Modifications to Loan Documents Except as otherwise provided in Section 9.02(b) or 9.02(c) with respect to this Agreement, the Administrative Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Loan Documents; provided that, without the prior consent of each Lender, the Administrative Agent shall not (except as provided herein or in the Security Documents) release all or substantially all of the Collateral or otherwise terminate all or substantially all of the Liens under any Security Document providing for collateral security, agree to additional obligations being secured by all or substantially all of such collateral security, or alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Security Documents with respect to all or substantially all of the Collateral, except that no such consent shall be required, and the Administrative Agent is hereby authorized, to release any Lien covering property that is the subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders have consented.

  • Existing Loan Documents Copies of all Existing Loan Documents.

  • Amendments to the Existing Credit Agreement The Existing Credit Agreement is, effective as of the date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended as follows:

  • Amendments to Existing Credit Agreement Effective on (and subject to the occurrence of) the Effective Date, the Existing Credit Agreement is hereby amended in accordance with this Part II. Except as so amended, the Existing Credit Agreement shall continue in full force and effect.

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

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