Amendments to the Original Note Sample Clauses

Amendments to the Original Note. 2.1 Upon satisfaction of the conditions set forth in Section 3 below, the Original Note shall be amended so that the Maturity Date of the Original Note is extended from November 30, 2010 to November 30, 2011; and 2.2 The Company shall issue and deliver, or cause to be delivered, to the Lender, against delivery by the Lender of his Original Note, marked “canceled”, a duly executed Amended and Restated Note reflecting the change set forth in Section 2.1 above, in the form of Amended and Restated Note attached hereto as Exhibit A (the “Amended Note”).
Sample 1
AutoNDA by SimpleDocs
Amendments to the Original Note. 2.1 Upon satisfaction of the conditions set forth in Section 3 below, the terms of the Original Note shall be amended so that, as of the date hereof: (a) the Maturity Date of the Original Note is extended from December 1, 2011 to December 1, 2012; and (b) the Interest Rate of the Original Note is decreased from 10% per annum to 0% per annum, which reduced Interest Rate shall continue until the Amended Note (as defined in Section 2.2 below) becomes due and payable whether at maturity, or upon acceleration, or by prepayment, or otherwise. 2.2 The Company shall issue and deliver, or cause to be delivered, to the Lender, against delivery by the Lender of the Original Note, marked “canceled”, a duly executed Amended and Restated Non-Negotiable Promissory Note reflecting the changes set forth in Section 2.1 above, in the substantially the form attached hereto as Exhibit A (the “Amended Note”).
Sample 1
Amendments to the Original Note. The Original Note is hereby amended as follows: 1. The first two sentences of Section 3.1 of the Original Note are deleted in their entirety and replaced with the following two sentences: 3.1. In order to prevent dilution of the right granted hereunder, the Conversion Price shall be subject to adjustment from time to time in accordance with this Section 3. At any given time the Conversion Price, whether as the initial Conversion Price ($1.40 per share) or as last adjusted, shall be the lesser of: (i) the Conversion Price otherwise computed under this Section 3 and (ii) that dollar (or part of a dollar) amount the payment of which shall be sufficient at the given time to acquire one share of Probex Common Stock (as presently constituted) upon conversion of the Conversion Amount based on the lowest price per share Probex has issued shares of Probex Common Stock after the date hereof or at which any other securities issued after the date hereof are then convertible into such common stock, in each case as adjusted for any stock dividends, stock splits, recapitalizations or other similar events affecting the Probex Common Stock; provided, however, immediately after the consummation of the equity portion of the project financing for the construction of an initial facility using Probex proprietary technology described in Section 10(e) of the NPA, no further reduction of the Conversion Price shall made under this Section 3.1(ii)."
Sample 1
Amendments to the Original Note 
Sample 1

Related to Amendments to the Original Note

  • Amendments to the Original Agreement (a) of the Original Agreement is hereby deleted and replaced in its entirety to read as follows:

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

  • Amendments to Original Agreement The Original Agreement is hereby amended as follows: (a) Article 1 is hereby amended to add the following definitions are added in the correct alphabetical location:

  • Amendments to the Purchase Agreement (a) Section 1.6 of the Purchase Agreement is hereby amended and restated in its entirety as follows:

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

  • Amendments to Note To the extent not inconsistent with applicable law, this Note shall be subject to modification by such amendments, extensions, and renewals as may be agreed upon from time to time by the Holder and the Borrower, with the approval of the Secretary.

  • Amendments to the Indenture (a) The Indenture shall hereby be amended by deleting the following Sections or clauses of the Indenture and all references and definitions related thereto in their entirety, except to the extent otherwise provided below, and these Sections and clauses shall be of no further force and effect, and shall no longer apply to the Notes, and the words “[INTENTIONALLY DELETED]” shall be inserted, in each case, in place of the deleted text: Clauses (5), (6) and (7) of Section 501 (Events of Default) Section 1005 and Section 2.13(h) of the Second Supplemental Indenture (Reports) Section 1006 (Limitation on Liens) Section 1007 (Additional Subsidiary Guarantees) Section 1008 (Limitation on Sale and Leasebacks) Section 1010 (Organizational Existence) Section 2.8(b) of the First Supplemental Indenture and Second Supplemental Indenture (Rights of Holders to Require Repurchase of Notes) (relating to change of control and ratings decline) (b) Section 801 of the Indenture (Merger or Transfer of Assets Only on Certain Terms) is hereby deleted and replaced in its entirety by the following: “The Company shall not consolidate or merge with or into another Person unless the Person formed by or surviving any such consolidation or merger (if other than the Company) assumes all the obligations of the Company pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee, under the Notes and this Indenture.” (c) The failure to comply with the terms of any of the Sections or Clauses of the Indenture set forth in clause (a) and (b) above shall no longer constitute a Default or Event of Default under the Indenture with respect to the Notes and shall no longer have any consequence under the Indenture. (d) For the avoidance of doubt, Clauses (5), (6) and (7) of Section 501 (Events of Default) of the Indenture shall no longer apply to the Notes and the occurrence of the events described in Sections 501(5), (6) and (7) of the Indenture shall no longer constitute an Event of Default with respect to the Notes.

  • Amendments to Original Credit Agreement On the Effective Date, the Original Credit Agreement shall be amended as follows: (a) Section 1.02 of the Original Credit Agreement shall be amended by adding the following definitions in appropriate alphabetical order:

  • Amendments to the Agreement Except to the extent permitted by the Investment Company Act or the rules or regulations thereunder or pursuant to exemptive relief granted by the SEC, this Agreement may be amended by the parties only if such amendment, if material, is specifically approved by the vote of a majority of the outstanding voting securities of the Portfolio (unless such approval is not required by Section 15 of the Investment Company Act as interpreted by the SEC or its staff or unless the SEC has granted an exemption from such approval requirement) and by the vote of a majority of the Independent Trustees cast in person at a meeting called for the purpose of voting on such approval. The required shareholder approval shall be effective with respect to the Portfolio if a majority of the outstanding voting securities of the Portfolio vote to approve the amendment, notwithstanding that the amendment may not have been approved by a majority of the outstanding voting securities of any other Portfolio affected by the amendment or all the Portfolios of the Trust.

  • Amendments to Notes The Notes are hereby amended to delete all provisions inconsistent with the amendments to the Indenture effected by this Supplemental Indenture.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!