Amendment to LSA Clause Samples
The "Amendment to LSA" clause establishes the process and requirements for making changes to the Loan and Security Agreement (LSA). Typically, this clause outlines who must consent to amendments, such as both parties or a specified majority of lenders, and may require that changes be documented in writing and signed by authorized representatives. By setting clear procedures for modifying the agreement, this clause ensures that all parties are aware of and agree to any alterations, thereby preventing disputes and maintaining the integrity of the original contract.
Amendment to LSA. As of the effective date of this Amendment:
Amendment to LSA. As a condition to the effectiveness of this Amendment, Bank shall have received, in form and substance satisfactory to Bank, the following:
Amendment to LSA. Effective as of the Effective Date, Section 1.02(a) of the Original LSA is hereby amended by (i) deleting the figure "$45,000,000" appearing on the second line thereof, and (ii) substituting therefor the figure "$65,000,000".
Amendment to LSA. Subject to the conditions as to effectiveness set forth in Paragraph 10 of this Amendment, the LSA is hereby amended as follows: 4.
(a) Section 1.02(i) of the LSA is hereby amended by deleting the amount of "$10,000,000" appearing therein and substituting the amount "$7,000,000" therefor. (b)
(c) Section 1.04 of the LSA is hereby restated in it entirety to read as follows:
Amendment to LSA. Subject to the conditions as to effectiveness set forth in Paragraph 9 of this Amendment, the LSA is hereby amended as follows:
(1) In Exhibit I of the LSA the definition of "Basic Borrowing Amount" is hereby restated in its entirety to read as follows:
Amendment to LSA. Effective as of the respective Effective Date (as defined below), the LSA is hereby amended as follows:
Amendment to LSA. Effective as of the Amendment Effective Time (as defined below), the LSA is amended as follows:
Amendment to LSA. A new Section 6.10 is hereby added to the Agreement, as follows: