Amendment to the Preliminary Statements of the Security Agreement Sample Clauses

Amendment to the Preliminary Statements of the Security Agreement. The Security Agreement is hereby amended by deleting the Preliminary Statements in their entirety and inserting in lieu thereof the following: 1. The Borrowers and the Collateral Agent, as agent for the Purchasers (as defined herein), desire to enter into this Security Agreement on the terms and conditions set forth herein to grant the Collateral Agent a security interest in the Collateral (as defined herein) for the ratable benefit of each of the Purchasers. 2. Pursuant to that certain Note Purchase Agreement, dated September 5, 2008 (the “Fall 2008 Note Purchase Agreement”), the purchasers listed on the schedules thereto (the “Fall 2008 Purchasers”) purchased, and the Borrowers issued and sold to the Fall 2008 Purchasers, secured subordinated promissory notes in an aggregate original principal amount of $3,000,000 (each individually, a “Fall 2008 Note”). 3. Pursuant to a Note Purchase Agreement, dated February 27, 2009 (the “February 2009 Note Purchase Agreement” and, collectively with the Fall 2008 Note Purchase Agreement, the “Note Purchase Agreements”), the purchasers listed on the schedules thereto from time to time (the “February 2009 Purchasers”) will purchase, and the Borrowers have agreed to issue and sell to the February 2009 Purchasers, secured subordinated promissory notes (each individually, a “February 2009 Note” and, collectively with the Fall 2008 Notes, the “Notes”) in an aggregate original principal amount of up to $1,500,000. 4. Each of the Fall 2008 Purchasers and the February 2009 Purchasers shall be referred to herein individually, as a “Purchaser” and, collectively, as the “Purchasers.” 5. Pursuant to the Note Purchase Agreements, each Purchaser irrevocably appointed and authorized the Collateral Agent to (i) be its attorney in its name and on its behalf to exercise all rights and powers granted to the Purchasers under the Note Purchase Agreements, this Agreement and the Loan Documents, together with such powers as are reasonably incidental thereto, and (ii) hold the Collateral for the pro rata benefit of the Purchasers, subject to the terms and conditions of the obligations of the Agent as provided in the Note Purchase Agreements, this Agreement and the other Loan Documents. 6. It was a condition precedent to the obligation of the Fall 2008 Purchasers to purchase the Fall 2008 Notes as provided in the Fall 2008 Note Purchase Agreement that the Borrowers granted the security interest contemplated by this Security Agreement. 7. It is...
Sample 1
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Related to Amendment to the Preliminary Statements of the Security Agreement

  • Amendments to Security Agreement (a) Section 1 of the Security Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order to such Section:

  • Amendment to the Loan Agreement Section 3.1 of the Loan Agreement shall be amended and restated as follows:

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendment to Security Agreement 2.1 Section 2.1(xviii) of the Security Agreement is hereby amended in its entirety as follows:

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • Amendment to the Credit Agreement Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (the “Amendment No. 1 Effective Date”), the parties hereto agree that the Credit Agreement is hereby amended as follows:

  • Amendment of Loan Agreement The Loan Agreement is hereby modified and amended as follows:

  • Amendment to Exhibit A to Services Agreement Solely with respect to Accounts that are not investment companies registered under the 1940 Act, the section of Exhibit A to the Services Agreement entitled “Administration and Risk Management” shall be, and hereby is, deleted in its entirety and replaced with the following:

  • Amendment and Restatement of Prior Agreement The Prior Agreement is hereby amended and restated in its entirety as set forth herein. Such amendment and restatement is effective upon the execution of this Agreement on the date hereof by the Company and certain of the Prior Investors who are party hereto, pursuant to Section 5.5 of the Prior Agreement. Upon such execution, all provisions of, rights granted and covenants made in the Prior Agreement are hereby waived, released and superseded in their entirety and shall have no further force or effect, including, without limitation, all rights of first refusal and any notice period associated therewith otherwise applicable to the transactions contemplated by the Purchase Agreement.

  • Second Amendment to Exhibit A to Services Agreement Exhibit A to the Services Agreement shall be, and here by is, supplemented with the following:

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