Amendment to Loan Documents Sample Clauses
The Amendment to Loan Documents clause establishes the process and requirements for making changes to the terms of existing loan agreements. Typically, this clause specifies that any modifications, waivers, or additions to the loan documents must be made in writing and agreed upon by all relevant parties, such as the lender and borrower. For example, if the parties wish to adjust the repayment schedule or interest rate, they must formally document and sign the amendment. This clause ensures that all changes are clearly recorded and mutually agreed upon, thereby preventing misunderstandings and disputes over the terms of the loan.
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Amendment to Loan Documents. The Borrower shall not amend any of the Loan Documents except pursuant to the applicable terms thereof and Section 12.5 of this Agreement.
Amendment to Loan Documents. The Loan Documents are hereby modified as necessary to reflect the amendments set forth in Section 1 hereof.
Amendment to Loan Documents. 4.1 Effective as of the date hereof, each reference to the Loan Agreement or any of the Loan Documents (as the term is defined in the Loan Agreement) shall mean and be deemed to refer to each of the same as modified by this Amendment.
Amendment to Loan Documents. (a) In order to induce the Agent and the Lenders to enter into this Agreement and amend the Credit Agreement as provided herein, concurrently herewith, the Borrower has executed and delivered or caused to be executed and delivered to the Agent, the following amendments to Loan Documents:
(i) First Amendment to Amended and Restated Security Agreement;
(ii) First Amendment to Trademark and Patent Security Agreement;
(iii) First Amendment to Amended and Restated Pledge Agreement; and
(iv) Second Amendment to Subordination Agreement.
(b) In order to induce the Agent and the Lenders to enter into this Agreement and amend the Credit Agreement as provided herein, immediately after the consummation of the purchase by the Borrower, or any direct or indirect Subsidiary of the Borrower (the “Nomad Purchaser”), of the outstanding equity securities of the Nomad Shareholders, Borrower shall cause the Nomad Purchaser to (i) notify the Agent thereof in writing; (ii) execute and deliver to the Agent a Stock Pledge Agreement, in form and substance acceptable to the Agent, pursuant to which the Nomad Purchaser pledges to the Agent sixty-five (65%) percent of the outstanding equity securities of each of the Nomad Shareholders and (iii) cause to be delivered to Agent an opinion of counsel to the Nomad Purchaser. The Borrower has informed the Agent that, immediately after the purchase by the Nomad Purchaser of the outstanding equity securities of the Nomad Shareholders, the Borrower currently intends to amalgamate (the “Amalgamation”) the Nomad Purchaser, the Nomad Shareholders and Nomad into one legal entity (the “Amalgamated Entity”). The Borrower shall deliver to the Agent full copies of all of the documents effectuating the Amalgamation. In the event that the Amalgamation is consummated, the Stock Pledge Agreement referred to in this subparagraph 4(b) shall be delivered by the Subsidiary or Subsidiaries of the Borrower that, following the Amalgamation, collectively own and control one hundred (100%) percent of the outstanding equity securities of the Amalgamated Entity.
Amendment to Loan Documents. (a) Schedule 1.1 of the Credit Agreement is hereby amended by adding the following definitions therein in alphabetical order or amending and restating the following definitions in their entirety, as the case may be:
Amendment to Loan Documents. All of the Loan Documents are hereby amended to the extent necessary to give full force and effect to the amendment contained in this Amendment.
Amendment to Loan Documents. All references to the “Borrower” in the Credit Agreement, the Security Agreement, the Guarantee Agreement, and any of the other Loan Documents shall be deemed to refer to the Successor Borrower, and are hereby amended to give effect to the terms of this Agreement, but only to the extent, necessary to give effect to the terms of this Agreement. Except as expressly set forth herein, (i) this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent or the Collateral Agent, in each case under the Credit Agreement or any other Loan Document, and (ii) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of either such agreement or any other Loan Document. This Agreement shall constitute a Loan Document for purposes of the Credit Agreement and from and after the Effective Date, all references to the Credit Agreement in any Loan Document and all references in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, shall, unless expressly provided otherwise, refer to the Credit Agreement after giving effect to this Agreement.
Amendment to Loan Documents. Neither any Loan Document nor any provision thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Obligors and the Required Lenders (and if applicable, the other parties thereto); provided, that no such agreement shall:
(i) reduce the principal amount of any Loan or reduce the rate of interest thereon, or reduce any fees payable hereunder (other than a waiver of the right to have interest accrue under the provisions of Section 2.09(c)), without the written consent of each Lender directly affected thereby,
(ii) postpone the scheduled date of payment of the principal amount of any Loan or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment (other than a waiver of the right to have interest accrue under the provisions of Section 2.09(c)), without the written consent of each Lender directly affected thereby,
(iii) change Section 2.14 in a manner that would alter the pro rata treatment of Lenders required thereby, without the written consent of each Lender adversely affected thereby,
(iv) change any of the provisions of this Section 10.02 or the definition of "Required Lenders" or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender, or
(v) release any Subsidiary Guarantor from any Subsidiary Guarantee without the written consent of each Lender except as specifically permitted hereby; provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent.
Amendment to Loan Documents. Within 180 days after the date hereof, enter into, and cause its Subsidiaries to enter into, an amendment to this Agreement and such other documents as the Agent deems necessary, and in form and substance satisfactory to the Company and Banks, to accomplish one of the following:
Amendment to Loan Documents. So long as the conditions in subsection (d) are satisfied, including those relating to the terms and conditions of any Incremental Increase, then this Agreement may be amended by the Company, the Administrative Agent and the Lenders providing such Incremental Increase (without the need to obtain the consent of any other Lender or any L/C Issuer) to the extent reasonably necessary, in the judgment of the Administrative Agent, to effectuate such Incremental Increase, in form and substance reasonably satisfactory to the Administrative Agent.
