Execution of Amendment and Loan Documents Clause Samples
The 'Execution of Amendment and Loan Documents' clause outlines the requirements and procedures for formally signing and delivering any amendments to the loan agreement or related documents. Typically, this clause specifies who must sign the documents, the manner in which signatures are to be provided (such as in counterparts or electronically), and when the amendments become effective. Its core practical function is to ensure that all parties clearly understand and agree to any changes, thereby maintaining the enforceability and integrity of the loan agreement.
Execution of Amendment and Loan Documents. Receipt by the Administrative Agent of counterparts of this Amendment duly executed by the Loan Parties, the Lenders and the Administrative Agent.
Execution of Amendment and Loan Documents. Receipt by the Administrative Agent of (i) counterparts of this Amendment duly executed by the Borrower, Parent, the Lenders and the Administrative Agent and (ii) an Accession Agreement executed by each of DiamondRock PHX Owner, LLC, a Delaware limited liability company (“PHX Owner”) and DiamondRock PHX Holdings, LLC, a Delaware limited liability company (“PHX Holdings”).
Execution of Amendment and Loan Documents. Receipt by the Administrative Agent of counterparts of (i) this Amendment duly executed by the Borrower, Parent, the Lenders and the Administrative Agent, (ii) the Pledge Agreement duly executed by the Grantors and the Administrative Agent, (iii) an Acknowledgement and Consent substantially in the form of Schedule 2 to the Pledge Agreement, executed by each Issuer, (iv) an Accession Agreement executed by each of DiamondRock Bethesda General, LLC and DiamondRock Bethesda Limited, LLC and (v) the Intercreditor Agreement duly executed by the Grantors, the Administrative Agent and U.S. Bank National Association, as administrative agent under the Existing Term Loan.
Execution of Amendment and Loan Documents. Receipt by the Administrative Agent of (i) counterparts of this Amendment duly executed by the Loan Parties, the Lenders and the Administrative Agent and (ii) an Accession Agreement executed by each of Sunstone Holdco 10, LLC, Sunstone Sea Harbor Holdco, LLC and SWW No. 1, LLC.