No Amendment May Alter Notes Sample Clauses
The "No Amendment May Alter Notes" clause prohibits any changes or modifications to the terms of promissory notes or similar financial instruments through amendments to the main agreement. In practice, this means that even if the parties agree to amend other parts of the contract, the specific terms and conditions of the notes—such as payment schedules, interest rates, or maturity dates—remain fixed and cannot be altered unless a separate, explicit agreement is made regarding the notes themselves. This clause ensures the integrity and predictability of the notes, protecting the interests of noteholders by preventing indirect or unintended changes to their rights or obligations.
No Amendment May Alter Notes. Under no circumstances shall any amendment to the Loan Agreement alter the Notes or the payments of principal and interest thereon, without the consent of the holders of all the Bonds at the time outstanding.