Amendment to Loan Clause Samples
Amendment to Loan. Aizreement Rep-ardinp- Pa=ents of Principal under Term Loan: Section 2.3(b) of the Loan Agreement is hereby amended to read as follows:
2.3(a) to remain unchanged]
Amendment to Loan. The LOAN is hereby modified and amended as follows: The principle sum of Twenty Thousand dollars ($20,000.00), with a Due Date of March 15, 2022.
Amendment to Loan. Agreement 1.1 The definitions of "Base Inventory" and "Base Inventory Value" are hereby added to Section 1.2 of the Loan Agreement and read as follows. "(4A) "Base Inventory" means those quantities of crude oil owned by Borrower and located in the United States that are reflected in Property and Equipment on the Borrower's balance sheet." "(4B) "Base Inventory Value" means Base Inventory valued at the lesser of (i) the cost of such inventory to Borrower and (ii) the fair market value of such inventory as of the relevant Reporting Date."
Amendment to Loan