Amendment to Revolving Note Sample Clauses
The Amendment to Revolving Note clause serves to formally modify the terms and conditions of an existing revolving promissory note between parties. This clause typically outlines the specific changes being made, such as adjustments to the credit limit, interest rate, repayment schedule, or other key provisions of the original note. By clearly documenting these modifications, the clause ensures that both parties are aware of and agree to the updated terms, thereby preventing misunderstandings and maintaining the enforceability of the agreement.
Amendment to Revolving Note. A promissory note dated February 12, 1997 in the principal amount of $11,000,000 the "Revolving Note" was executed by Borrower to evidence the Revolving Commitment as described in the Credit Agreement. The maturity of the Revolving Note is being extended hereby in accordance with the extension of the Credit Agreement.
Amendment to Revolving Note. The last sentence of subsection (a) under the heading “BORROWING AND REPAYMENT:” of the Revolving Note shall be amended by deleting the reference to “May 1, 2018” and replacing it with a reference to “Expiration Date”.
Amendment to Revolving Note. The Revolving Note is hereby amended as follows:
(a) The Maturity Date set forth in the first paragraph on page 1 of the Revolving Note is hereby amended from December 1, 2014 to March 1, 2015.
Amendment to Revolving Note. The Revolving Note is hereby amended and restated in its entirety in the form attached as Annex A hereto.”
Amendment to Revolving Note. 1.1 Effective as of the date hereof, the Revolving Note is hereby amended as follows:
A. The face principal amount of the Revolving Note is increased from $10,000,000.00 to $20,000,000.00, and each reference to the dollar amount “10,000,000.00” is stricken and replaced with $20,000,000.00”.
B. Each reference to the Final Maturity Date is hereby amended to mean December 28, 2016.
C. The first literal paragraph on page 1 is hereby amended and restated, effective from and after the date hereof to read in its entirety as follows: FOR VALUE RECEIVED, the undersigned, GERMAN AMERICAN BANCORP, INC., a Indiana corporation with an address at 7▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ (the “Borrower”), hereby promises and agrees to pay to the order of STOCK YARDS BANK & TRUST COMPANY, a Kentucky banking corporation (“Lender”), having an address of 1▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, an aggregate principal sum equal to the lesser of [i] TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00), or [ii] so much thereof as is advanced hereunder and not repaid, together with interest thereon as hereinafter provided, in lawful money of the United States of America, in the manner set forth herein, on or before December 28, 2016 (the “Final Maturity Date”).
D. The last literal paragraph which begins at the end of page 2 and continues on page 3 be and is hereby amended and restated, effective from and after the date hereof, to read in its entirety as follows: Borrower shall pay Lender a non-usage fee (the “Non-usage Fee”) calculated on a quarterly basis for each calendar quarter hereunder until and including the Final Maturity Date, and any other date that this Note is paid in full and canceled (the “Final Payment Date”). The Non-Usage Fee applicable hereunder to a particular calendar quarter shall be computed by applying the rate of one-fourth of one percent (0.25%) to the difference between the face amount of this Note ($20,000,000.00) less the average amount of outstanding principal balance under this Note for the number of days that have elapsed from and including the first day of that particular calendar quarter and ending on the first to occur of the last day of that particular calendar quarter, the Final Maturity Date or the Final Payment Date. The Non-usage Fee applicable hereunder to a particular calendar quarter shall be payable on the first to occur of the first day of the second calendar quarter next succeeding that particular calendar quarter, the Final Mat...
Amendment to Revolving Note. 3.1 Effective as of the date hereof, the Revolving Note is hereby amended as follows:
A. Each reference to the Final Maturity Date is hereby amended to mean December 29, 2015.
3.2 This Amendment is not intended to, and shall not, affect a novation of the obligations expressed in the Revolving Note or the Loan Documents. Except as expressly provided herein, the Revolving Note shall continue to be in full force and effect from and after the date of this Amendment as it was prior to the date hereof.
Amendment to Revolving Note. The Revolving Note is hereby amended as follows:
(a) The Maturity Date set forth in the first paragraph on page 1 of the Revolving Note is hereby amended from October 1, 2012 to October 1, 2014.
(b) Section 2.1(a) (Applicable Margin) of the Interest Rate Election Rider is deleted in its entirety and replaced with the following:
Amendment to Revolving Note. Clause (a) under the header “INTEREST” contained in the Revolving Note is hereby amended to replace the percentage “1.75%” contained therein with the percentage “1.50%”.
Amendment to Revolving Note. THIS AMENDMENT TO REVOLVING NOTE (“Amendment”) is entered into as of the _____ day of May, 2008, by and between SHOW ME ETHANOL, LLC, a Missouri limited liability company (hereinafter referred to as “Borrower”), and FCS Financial, PCA, (hereinafter referred to as “Lender”)
Amendment to Revolving Note. (a) The Section entitled ‘DEFINITIONS’ of the Revolving Note is hereby amended by adding the following new definitions in appropriate alphabetical order: