Amendment to Secured Promissory Note Sample Clauses

Amendment to Secured Promissory Note. Section 2 of the Note is hereby amended to read in its entirety as follows (with any undefined capitalized terms having the meanings given in the Note): "Maker promises to make payments of principal under this Note on the following dates (each a "Payment Date"): July 1, 1998 $1,100,000 October 1, 1998 $1,100,000 January 4, 1999 $2,500,000 April 1, 1999 $ 800,000 July 1, 1999 $ 800,000 October 1, 1999 $ 700,000 January 3, 2000 $1,500,000 2 April 1, 2000 $1,500,000 On each Payment Date in addition to the payment of principal set forth above for such Payment Date, the Maker shall pay the Payee interest on all principal amounts outstanding under the Note (except no interest shall accrue for the principal amounts due after January 4, 1999 until such date) for the period from the immediately prior Payment Date through the day preceding the current Payment Date at the Interest Rate (as defined below), calculated on the basis of actual days and a 360-day year. The "Interest Rate" shall be equal to the sum of (a) the prime rate as publicly announced by Citibank NA from time to time plus (b) 2% in the case of each Payment Date prior to and including January 4, 1999 or 3% in the case of each other Payment Date."
Sample 1
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Amendment to Secured Promissory Note. This FIRST AMENDMENT TO SECURED PROMISSORY NOTE (this “Amendment”), dated July 21, 2017, to be effective as of July 31, 2017 (the “Amendment Effective Date”), is by and between Energy 11 Operating Company, LLC, a Delaware limited liability company (“Borrower”), with a mailing address of 0000 X. Xxxxxxx Xxxxxx, Xxxxxxxx Xxxx, Xxxxxxxx 00000, and Xxxxxx-Xxxxxxx Management Company, L.L.C., as agent on behalf of all Secured Persons under the Mortgage, with a mailing address of 0000 Xxxxx Xxxx Xxxxxx, Xxxxx, XX 00000 (together with its successors and assigns, collectively, the “Agent”).
Sample 1

Related to Amendment to Secured Promissory Note

  • Amendment to Security Agreement The Security Agreement is hereby amended as follows:

  • Secured Promissory Notes The Term Loans shall be evidenced by a Secured Promissory Note or Notes in the form attached as Exhibit D hereto (each a “Secured Promissory Note”), and shall be repayable as set forth in this Agreement. Borrower irrevocably authorizes each Lender to make or cause to be made, on or about the Funding Date of any Term Loan or at the time of receipt of any payment of principal on such Lender’s Secured Promissory Note, an appropriate notation on such Lender’s Secured Promissory Note Record reflecting the making of such Term Loan or (as the case may be) the receipt of such payment. The outstanding amount of each Term Loan set forth on such Lender’s Secured Promissory Note Record shall be prima facie evidence of the principal amount thereof owing and unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Lender’s Secured Promissory Note Record shall not limit or otherwise affect the obligations of Borrower under any Secured Promissory Note or any other Loan Document to make payments of principal of or interest on any Secured Promissory Note when due. Upon receipt of an affidavit of an officer of a Lender as to the loss, theft, destruction, or mutilation of its Secured Promissory Note, Borrower shall issue, in lieu thereof, a replacement Secured Promissory Note in the same principal amount thereof and of like tenor.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Loan Agreement is hereby amended as follows:

  • Amendment to Note The Note is hereby amended as follows:

  • Amendments to Security Agreement The Security Agreement is hereby amended as follows:

  • Amendment to Intercreditor Agreement The Lenders hereby authorize and direct the Administrative Agent to enter into an amendment to the Intercreditor Agreement in substantially the form attached hereto as Exhibit B.

  • Amendment to Forbearance Agreement As of the date hereof, Section 2(b) of the Forbearance Agreement shall be amended and restated in its entirety to read as follows:

  • 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 Credit Agreement The Credit Agreement is hereby amended as follows:

  • Amendments to the Loan and Security Agreement (a) The Loan and Security Agreement shall be amended as follows effective as of the Amendment Effective Date:

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