Modification of Loan. Effective as of the date of this Modification, the terms of the Note shall be modified as follows:
Modification of Loan. Subject to the satisfaction of the conditions precedent set forth in Section 3 above, the Original Loan Documents shall be further modified, amended and supplemented as follows:
Modification of Loan. Subject to the conditions to lending set forth below, Lender agrees to lend to Borrower an additional Twenty-Five Million Dollars ($25,000,000) under the terms of that certain Amended and Restated Promissory Note (the “Amended Term Note”) and agrees to modify the Loan Agreement as set forth in this Second Modification Agreement:
Modification of Loan. The maturity date of the Loan shall be extended to January 20, 1997.
Modification of Loan. The Lender shall close the modification of the Loan, substantially in accordance with the Term Sheet (but expressly not including any of the provisions with respect to the Additional Loan Advance, if any).
Modification of Loan. The amount of the Loan shall be changed to $108,750.00. The Maturity Date of the Loan shall be changed to April 30, 2004.
Modification of Loan. As of the Effective Date and subject to the conditions of this Agreement, Xxxxxxxx and Xxxxxx agree as follows:
Modification of Loan. Subject to the conditions to lending set forth below, Lender agrees to lend to Borrower an additional Eighteen Million Six Hundred Ninety-Nine Thousand Five Hundred Eighteen Dollars and NO/100 ($18,699,518) under the terms of that certain Amended and Restated Promissory Note (the “Amended Note”, which, together with the Original Note, are hereinafter referred to as the “Note”) and agrees to modify the Original Loan Agreement as set forth in this Modification Agreement (together the Original Loan Agreement and this Modification Agreement are hereinafter referred to as the “Loan Agreement”):
Modification of Loan. Bank and Borrowers will, during the sixty (60) to ninety (90) days following the date of this Amendment, enter into negotiations and shall negotiate in good faith modifications, and appropriate documentation to confirm the same, to the structure of the Loan.
Modification of Loan. Lenders and Agent may alter, amend, supplement, release, discharge or otherwise modify any terms of the Loan Documents without the consent of the Lessor Parties; provided, that, neither Agent nor the Lenders may, without the prior written consent of Lessor Parties, (i) increase the advance rate to more than 85% or otherwise modifying the eligibility criteria with respect to the “Borrowing Base” (as defined in the Credit Agreement), without the prior written consent of the Lessor Parties, (ii) alter, amend, supplement, release, discharge or otherwise modify any terms of the Loan Documents in any manner which would have a material adverse effect on any Specified Tenant or Lessor Party or the Leased Property, without the prior written consent of the Lessor Parties; provided, however, that nothing contained herein is intended to affect or limit the Agent’s or the Lenders’ default rights against any Specified Tenant in accordance with the terms of the Loan Documents or to change or restate any other provisions of the Loan Documents or (iii) sell, assign transfer or encumber any interest in the Loans or the Loan Documents to any Person not bound to Lessor Parties in the same manner as Agent under this Agreement (e.g., Lenders may not sell the Loans to an entity that would not be bound by this Agreement); provided, however, any Lender may at any time pledge or assign an security interest in all or any portion of its rights under the Credit Agreement and applicable promissory notes to secure obligations of such Lender, including any pledge or assignment to secure obligations to any Federal Reserve Bank (including as collateral security pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank). Notwithstanding anything in the Loan Documents or elsewhere to the contrary, but except as provided for in this Agreement, Lessor Parties may take any actions regarding Specified Tenants’ obligations to Lessor Parties without the approval or consent of Agent or Lenders; provided, however, Lessor Parties shall use commercially reasonable efforts to give prior written notice to Agent of any such actions (other than any non-material, routine, ministerial or administrative actions), provided, further, it is understood and agreed that Lessor Parties shall have no liability whatsoever for any failure to provide such notice. Notwithstanding the foregoing, no Lessor Party shall sell, assign transfer or encumber any interest in the Leased Property, the ...
