Increase in Loan Amount. The Loan Agreement shall be amended by increasing the Loan Amount from $850,000 to 950,000, and everywhere in the Loan Agreement where reference is made to the Loan Amount, directly or indirectly, such term or reference shall be amended and modified accordingly. Accordingly, a Convertible Note in the form of Exhibit A and a Second Amended Security Agreement in the form of Exhibit B shall be executed and delivered by Borrower to Lender contemporaneously herewith. The Origination and Commitment Fees described in Section 2.1 of the Loan Agreement shall apply to the additional amount to be loaned hereunder.
Increase in Loan Amount. The amount of the Loan may be increased from time to time by the execution and delivery of an amendment to this Agreement setting forth the amount of such increase, duly executed by the Lender and the Borrower, and the execution and delivery by the Borrower of a note in substantially the form of Exhibit I attached hereto in the principal amount of such increase. Upon execution and delivery of any such note, any reference to the term "Loan Documents" herein or in any Loan Document shall be deemed to include reference to such note.
Increase in Loan Amount. The amount of the Loan is hereby increased by Ninety Thousand Dollars ($90,000) to Two Hundred Fifty-Five Thousand Dollars ($255,000). The remaining undisbursed amount of the Loan shall be disbursed by the Agency in accordance with Article 2 of the Agreement. Notwithstanding any provision of the Loan Documents to the contrary, the Loan shall be amortized over one hundred and sixty-six (166) months and accrue interest at the rate of three percent (3%), and the Borrower shall repay the Loan in accordance with the schedule attached hereto which is hereby incorporated into the Loan Agreement as a new Exhibit B. The Agency and the Borrower anticipate that, as of November 30, 2007, the outstanding principal balance of the Loan shall be Two Hundred Thirty-Seven Thousand Four Hundred Seventy-Seven Dollars ($237,477).
Increase in Loan Amount. At any time prior to the First Amendment Date, Agent may in its discretion (which discretion shall not be arbitrarily or unreasonably exercised so long as the conditions set forth below are satisfied), from time to time at the request of Borrower, increase the Loan Amount by (i) admitting additional Lenders hereunder (each a “Subsequent Lender”), or (ii) increasing the Commitment of any Lender (each an “Increasing Lender”), subject to the following conditions:”
Increase in Loan Amount. The Note is hereby amended so that the maximum credit amount available under the line of credit is hereby increased to $325,000.00 until the Maturity Date.
Increase in Loan Amount. The loan amount of the Note is hereby increased by Sixty-Five Thousand Dollars ($65,000), resulting in an increase in the loan amount of the Note to Five Hundred Sixty-Five Thousand Dollars ($565,000).
Increase in Loan Amount. At any time prior to the last twelve (12) months of the term of this Agreement, as same may be extended pursuant to Section 4.6, Agent may in its discretion (which discretion shall not be arbitrarily or unreasonably exercised so long as the conditions set forth below are satisfied), from time to time at the request of Borrower, increase the Loan Amount by (i) admitting additional Lenders hereunder (each a “Subsequent Lender”), or (ii) increasing the Commitment of any Lender (each an “Increasing Lender”), subject to the following conditions:
Increase in Loan Amount. 3.1 Under the Recitals to the Loan Agreement, the term “Loan Amount”, which is defined therein to equal $300,000,000, is hereby modified and increased to equal $400,000,000 effective on the date hereof.
Increase in Loan Amount. 1.1 Under the Recitals to the Loan Agreement, the term “Loan Amount”, which is defined therein to equal $300,000,000, is hereby modified and increased to equal $400,000,000 effective on the date hereof and continuing for a period of six months. Commencing on the six month anniversary of the date of this Amendment (i.e. March 30, 2005) and thereafter, the term “Loan Amount” shall be automatically (and without the requirement of any action being taken by any of the parties hereto) modified and reduced to once again equal $300,000,000. At the time the Loan Amount is reduced to equal $300,000,000 pursuant to this paragraph, Borrower shall be obligated to repay any amounts outstanding in excess of $300,000,000.
Increase in Loan Amount. The Agency hereby agrees that the amount of the Predevelopment Loan shall be increased to $188,750.00.
