MODIFIED TERMS. 1. Paragraph 2 is modified to include the following provision: The Contract shall be in effect from July 1, 2020 through June 30, 2021 (“Year 2”) with the option to extend for three additional years.
MODIFIED TERMS. 1. Paragraph 3 is modified to include the following provision: “Total compensation under this Contract for the period from October 1, 2020 through June 30, 2021 (“Year 2”) shall not exceed $100,000.00.”
MODIFIED TERMS. 1. Section 2, Term, is modified to include the following provision: “This Contract shall be in effect from July 1, 2023 through June 30, 2024 (“Year 3”).”
MODIFIED TERMS. On and after the Effective Date, all references to the Credit Agreement or the other Loan Documents in each of the Credit Agreement or the other Loan Documents shall hereafter mean the Credit Agreement or the other Loan Documents as modified by this Amendment and Consent. Except as specifically modified hereby or otherwise agreed, the Credit Agreement and the other Loan Documents are hereby ratified and confirmed and shall remain in full force and effect according to their respective terms.
MODIFIED TERMS. 1. Paragraph 1 of the Contract is modified as follows: Section 1(a), 1(b) and 1(c) are deleted and replaced with the following:
MODIFIED TERMS. The following sections of the Lease shall be incorporated by reference as modified in the manner set forth below (collectively, the "MODIFIED TERMS"):
MODIFIED TERMS. 1. All terms found in the First Extension regarding the obligations of Year 2 are preserved.
MODIFIED TERMS. The following changes to the Loan Agreement executed on February 16, 2012 and Amended on February 23, 2012:
MODIFIED TERMS. (a) The Borrower and the Lenders hereby agree that that the Secured Obligations under the Loan Agreement shall include an additional advance of SEVEN HUNDRED THOUSAND dollars ($700,000) made by the Lenders to the Borrower on the date of this Second Amendment (the “Tranche B Loan”). The Borrower acknowledges and agrees that the Tranche B Loan was funded with a non-refundable, original issue discount of ONE HUNDRED THOUSAND dollars ($100,000.00). Such original issue discount is a payment for the use of money loaned hereunder, and not a payment for services, and shall be taken into account as required by the original issue discount rules of the Internal Revenue Code of 1986, as amended. Such original issue discount is fully earned on the date hereof and is not refundable under any circumstances.
MODIFIED TERMS. 1. ALC Schools LLC changed their name and is now known as EverDriven Technologies LLC.
