Upon the effectiveness of this Agreement, each reference in the Loan Documents to “the Credit Agreement” or words of similar effect shall mean this Agreement. All principal, interest, fees and expenses, if any, owing or accruing under or in respect of the Existing Credit Agreement for periods prior to the Closing Date shall be calculated and paid on the Closing Date. On the Closing Date, the rights and obligations of the parties evidenced by the Existing Credit Agreement shall be evidenced by this Agreement and the other Loan Documents as amended, restated, amended and restated, supplemented or otherwise modified and in effect on the Closing Date. Tenant shall commence payment of Rent for the First Offer Space, and the term of the First Offer Space shall commence upon the date of delivery of the First Offer Space to Tenant (the “First Offer Commencement Date”) and terminate on the date set forth in the First Offer Notice.Īmendment to Rights Agreement The Rights Agreement is hereby amended as follows:Īmendment and Restatement On the Closing Date, this Agreement shall amend and restate and supersede the Existing Credit Agreement in its entirety. 2 Effective Date, the Agreement shall be amended as follows: The parties hereby agree to amend Exhibit A by adding the following new text as a new section 5: Īmendment to Security Agreement The Security Agreement is hereby amended as follows:Īmendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Loan Agreement is hereby amended as follows:Īmendment to Lease If Tenant timely exercises Tenant’s right to lease the First Offer Space as set forth herein, Landlord and Tenant shall promptly thereafter execute an amendment to this Lease for such First Offer Space upon the terms and conditions as set forth in the First Offer Notice and this Section 1.3. It is recommended that you save the document to a location of your choice prior to viewing.Amendment to Note By executing this Agreement, the Borrower and the Lender hereby agree and acknowledge as follows:Īmendment to Agreement Effective as of the Amendment No. You will be asked what you want to do with the file. Once you have subscribed to the Corporate Document Folder click on the “Download Document” button below. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes. NOTE: This document is not intended to be regulated by the Consumer Credit Act 1974 which requires that businesses that lend money to consumers must be licensed to do so by the OFT. This Loan Amendment Agreement contains the following clauses: This agreement assumes that there is no security in place. Our amendment agreement dovetails with the relevant provision of our Long Form Loan Agreement. If there are a large number of changes, from a purely practical perspective it may be preferable to draw up a completely new agreement.Īmendments must be made in accordance with any relevant provisions of the original loan agreement. Such notification may result in both parties seeking to amend one or more term of the loan. These changes can be anything from simple administrative or information changes to more substantive changes such as increasing the amount of loan or extending the term of the loan.Īmendments are often required if a borrower is in breach of its obligations under the loan or is expecting to be in breach and notifies the lender as such. This Loan Amendment Agreement is a simple form of agreement allowing changes to be made to an original loan agreement.
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