Modification of Loan. Effective as of the date of this Modification, the terms of the Note shall be modified as follows:
Modification of Loan. Subject to the satisfaction of the conditions precedent set forth in Section 3 above, the Original Loan Documents shall be further modified, amended and supplemented as follows:
Modification of Loan. Subject to the conditions to lending set forth below, Lender agrees to lend to Borrower an additional Twenty-Five Million Dollars ($25,000,000) under the terms of that certain Amended and Restated Promissory Note (the “Amended Term Note”) and agrees to modify the Loan Agreement as set forth in this Second Modification Agreement:
Modification of Loan. The maturity date of the Loan shall be extended to April 20, 1997.
Modification of Loan. The Lender shall close the modification of the Loan, substantially in accordance with the Term Sheet (but expressly not including any of the provisions with respect to the Additional Loan Advance, if any).
Modification of Loan. The amount of the Loan shall be changed to $225,000.00. The Maturity Date of the Loan shall be changed to July 3, 2003.
Modification of Loan. As of the Effective Date and subject to the conditions of this Agreement, Xxxxxxxx and Xxxxxx agree as follows:
1. 1Maturity Date, The "Maturity Date" (and "Stated Maturity Date") shall be amended to mean November 15, 2024 (also referred to in the Loan Agreement as the Extended Stated Maturity Date).
Modification of Loan. As of the Effective Date and subject to the conditions of this Agreement, Xxxxxxxx and Xxxxxx agree as follows:
Modification of Loan. Bank and Borrowers will, during the sixty (60) to ninety (90) days following the date of this Amendment, enter into negotiations and shall negotiate in good faith modifications, and appropriate documentation to confirm the same, to the structure of the Loan.
Modification of Loan. If Purchaser elects to cause the Loan Modification to occur (which may occur at or prior to Closing as determined by Purchaser) Seller and Purchaser shall enter into definitive loan modification documents with Holdco Lender, modifying the Existing Holdco Financing on terms that are substantially in accordance with the Loan Modification Term Sheet (the “Term Sheet”) attached hereto as Exhibit L (the “Loan Modification”). Seller shall diligently cooperate with Purchaser in good faith to the extent reasonably requested by Purchaser in connection with entering into the Loan Modification, including in connection with negotiating and obtaining a release of the Guaranty (hereinafter defined), but Purchaser shall be primarily responsible for negotiating and facilitating such Loan Modification closing. All costs and expenses required to be paid to consummate the Loan Modification shall be paid by Holdco. Notwithstanding any other provision of this Agreement (i) any Loan Modification which occurs prior to Closing shall require the consent in its absolute discretion of Seller, though such consent shall not be unreasonably withheld, delayed or conditioned so long as the terms of the Loan Modification are not materially inconsistent with the Term Sheet and such transaction includes satisfaction of the condition in Section 10.02(d) hereof relating to the Guaranty; (ii) no Loan Modification shall impose any obligation, liability or encumbrance on (or on the assets of) Seller, Holdco II and any entity in which Seller will have a direct or indirect interest after Closing; and (iii) no Loan Modification shall reduce the consolidated Net Asset Value of Holdco II or reduce or otherwise constrain the amount of any payment pursuant to section 2.02.
