Loan Modification Agreement Sample Clauses

Loan Modification Agreement. The Borrower and each Accepting Lender shall execute and deliver to the Agent a Loan Modification Agreement and such other documentation as the Agent shall reasonably specify to evidence the acceptance of the Permitted Amendments and the terms and conditions thereof, which Loan Modification Agreement shall be acceptable to the Agent, the Borrower and each Accepting Lender. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Loan Modification Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any Loan Modification Agreement, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Permitted Amendment evidenced thereby and only with respect to the Loans and Commitments of the Accepting Lenders, including any amendments necessary to treat the applicable Loans and/or Commitments of the Accepting Lenders as a new Tranche hereunder.
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Loan Modification Agreement. See §2.11(b). Loan Modification Offer. See §2.11(a). Loan(s). The Term Loans or any portion thereof, as the context may require.
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Loan Modification Agreement. Concurrently herewith, the Panache Parties and Consilium have executed and delivered that certain loan modification agreement, attached hereto as Exhibit B (the “Loan Modification Agreement”), which modifies the terms of the Loan Agreement as set forth therein.
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Loan Modification Agreement. The Company and its secured lender shall have entered into a loan modification agreement on terms acceptable to the Placement Agent.
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Loan Modification Agreement. A Loan Modification Agreement in form and substance reasonably satisfactory to the Agent, the Borrower and the applicable Accepting Lenders, among the Borrower, the other Loan Parties, such Accepting Lenders and the Agent. Loan Modification Offer. See §2.14(a).
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Loan Modification Agreement. The terms of this Paragraph apply not only to this Loan Modification Agreement, but also to all subsequent loan modification agreements.
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Loan Modification Agreement. As consideration for resolving the Individual Claims, Xxxxxxx Funding and Plaintiff have agreed to enter into a Loan Modification Agreement (the “Loan Modification Agreement”), the anticipated terms of which are captured in the document attached hereto as Exhibit A. The Loan Modification Agreement will be effective as of the Final Approval Date and will only be effective if and when the Final Approval Date occurs. The document attached as Exhibit A presumes that the Final Approval Date will occur on or before September 1, 2021 (the “Presumed Approval Date”). In the event the Final Approval Date does not occur by the Presumed Approval Date for any reason, including an appeal, the initial payment date under the Loan Modification Agreement will be extended, month by month, until the Final Approval Date occurs, and a new Loan Modification Agreement with an updated initial payment date will be generated for Plaintiff’s signature. Further, if the Final Approval Date does not occur on or before the Presumed Approval Date, Xxxxxxx Funding shall have the right to modify the terms of the Loan Modification Agreement from those captured in Exhibit A to account for additional accrued interest, escrow advances, or other charges applied to Plaintiff’s loan in accordance with the Loan Documents, as that term is defined by the Loan Modification Agreement. Additionally, notwithstanding that the Loan Modification Agreement authorizes Xxxxxxx Funding to establish an escrow account associated with Plaintiff’s mortgage loan, in the event the Final Approval Date does not occur on or before January 1, 2022, Plaintiff agrees that he will pay any and all property taxes due for the Property directly to the Xxxxxx County Tax Assessor-Collector’s Office on or before January 31, 2022. Plaintiff also agrees to keep the Property insured at all times. In the event Plaintiff fails to pay property taxes as specified herein or in the event Plaintiff fails to keep the Property insured at all times, Plaintiff shall be in breach of this Agreement, and Xxxxxxx Funding shall have no obligation to enter into the Loan Modification Agreement regardless of whether the terms of this Agreement are ultimately approved by the Court. Absent a breach of the foregoing obligation, once the Final Approval Date occurs, Plaintiff will remain in good standing so long as he complies with the Loan Modification Agreement and the Loan, as modified. Further, Plaintiff’s obligation to comply with this Agreement is not...
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Related to Loan Modification Agreement

  • Amendment, Modification and Supplement Upon amendment, modification and supplement of this agreement shall be subject to the written agreement executed by each party.

  • Assumption and Modification Agreements When a Mortgaged Property has been or is about to be conveyed by the Mortgagor, the Servicer shall, to the extent it has knowledge of such conveyance or prospective conveyance, exercise its rights to accelerate the maturity of the related Mortgage Loan under any “due-on-sale” clause contained in the related Mortgage or Mortgage Note; provided, however, that the Servicer shall not exercise any such right if (i) the “due-on-sale” clause, in the reasonable belief of the Servicer, is not enforceable under applicable law or (ii) the Servicer reasonably believes that to permit an assumption of the Mortgage Loan would not materially and adversely affect the interest of the Noteholders. In such event, the Servicer shall enter into an assumption and modification agreement with the Person to whom such property has been or is about to be conveyed, pursuant to which such Person becomes liable under the Mortgage Note and, unless prohibited by applicable law or the mortgage documents, the Mortgagor remains liable thereon. If the foregoing is not permitted under applicable law, the Servicer is authorized to enter into a substitution of liability agreement with such Person, pursuant to which the original Mortgagor is released from liability and such Person is substituted as Mortgagor and becomes liable under the Mortgage Note. The Mortgage Loan, if assumed, shall conform in all respects to the requirements and representations and warranties of this Agreement. The Servicer shall notify the Indenture Trustee that any applicable assumption or substitution agreement has been completed by forwarding to the Indenture Trustee the original copy of such assumption or substitution agreement, which copy shall be added by the Indenture Trustee to the related Indenture Trustee’s Mortgage File and which shall, for all purposes, be considered a part of such Indenture Trustee’s Mortgage File to the same extent as all other documents and instruments constituting a part thereof. The Servicer shall be responsible for promptly recording any such assumption or substitution agreements. In connection with any such assumption or substitution agreement, the required monthly payment on the related Mortgage Loan shall not be changed but shall remain as in effect immediately prior to the assumption or substitution, the stated maturity or outstanding Principal Balance of such Mortgage Loan shall not be changed, the Mortgage Interest Rate shall not be changed nor shall any required monthly payments of principal or interest be deferred or forgiven. Any fee collected by the Servicer for consenting to any such conveyance or entering into an assumption or substitution agreement shall be retained by or paid to the Servicer as additional servicing compensation. Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan by operation of law or any assumption which the Servicer may be restricted by law from preventing, for any reason whatsoever.

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

  • Complete Agreement; Modification of Agreement This Agreement constitutes the complete agreement among the parties hereto with respect to the subject matter hereof, supersedes all prior agreements and understandings relating to the subject matter hereof, and may not be modified, altered or amended except as set forth in Section 8.6.

  • Amendment; Modification No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by both Parties.

  • Modifications; Amendment This Agreement shall not be modified, cancelled or terminated except by an instrument in writing signed by each Noteholder. Additionally, for as long as any Note is contained in a Securitization Trust, the Noteholders shall not amend or modify this Agreement without first receiving a Rating Agency Confirmation; provided that no such confirmation from the Rating Agencies shall be required in connection with a modification or amendment (i) to cure any ambiguity, to correct or supplement any provisions herein that may be defective or inconsistent with any other provisions herein or with the Servicing Agreement, (ii) entered into pursuant to Section 32 of this Agreement or (iii) to correct or supplement any provision herein that may be defective or inconsistent with any other provisions of this Agreement.

  • Complete Agreement; Modification This Agreement sets forth the entire agreement of the parties with respect to the subject matter hereof, and supersedes any previous oral or written communications, negotiations, representations, understandings, or agreements between them. Any modification of this Agreement shall be effective only if set forth in a written document signed by you and a duly authorized officer of the Company.

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

  • Amendment; Modification; Waiver This Agreement shall not be amended, nor shall any provision of this Agreement be considered modified or waived, unless evidenced by a writing signed by the parties hereto, and in compliance with applicable provisions of the Investment Company Act.

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