Prepayment and Amendment of Note Sample Clauses

Prepayment and Amendment of Note. At Closing, Altair shall issue to Lender 1,500,000 common shares of Altair (the "Payment Shares") in exchange for a reduction of the principal amount outstanding under the Note from $2,000,000 to $1,400,000. The Note, as partially prepaid and amended by this Agreement, shall be represented by an Amended and Restated Secured Term Note in the form attached hereto as Exhibit A (the "Amended Note"). At Closing, the Altair Parties shall execute and deliver to Lender the Amended Note. Upon execution and delivery of the Amended Note by the Altair Parties to Lender, the Note shall, immediately and automatically, be deemed to have been superseded and terminated by the Amended Note. At Closing, Lender shall deliver to the Altair Parties the original Note marked "Cancelled," provided that Lender's failure to deliver such cancelled Note shall not affect or negate the superseding and termination of the Note as set forth in the preceding sentence. Lender waives any and all prepayment penalties and premiums that, but for this waiver, may arise as a result of the prepayments and amendments of the Note contemplated by this Agreement.
Sample 1
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Prepayment and Amendment of Note 
Sample 1

Related to Prepayment and Amendment of Note

  • Amendment of Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendment of Note The Note is amended as follows: The “Maturity Date” of the Note is hereby extended from September 30, 2010 until December 31, 2010, which date shall hereafter be the new “Maturity Date.”

  • Prepayments and Amendments (a) Except in connection with Refinancing Indebtedness permitted by Section 6.1,

  • Assignment and Amendment of Agreement This Agreement automatically shall terminate without the payment of any penalty in the event of its assignment. No material amendment of this Agreement shall be effective until approved by the majority of the members of the Board who are not interested persons of the Trust (“Independent Trustees”), the Manager or the Subadviser and the shareholders of the affected Portfolio(s) to the extent required by the 1940 Act. The Subadviser agrees to notify the Manager of any change in control of the Subadviser within a reasonable time after such change.

  • Extension or Amendment of Receivables Except as provided in the Agreement, the Seller shall not, and shall not permit the Servicer to, extend the maturity or adjust the Outstanding Balance or otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any related Contract.

  • Extension or Amendment of Loans The Servicer will not, except as otherwise permitted in Section 7.4(a), extend, amend or otherwise modify the terms of any Transferred Loan.

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Assignment and Amendment This Agreement may not be assigned by the Subadviser, and shall automatically terminate, without the payment of any penalty, in the event: (a) of its assignment, including any change in control of the Adviser or the Subadviser which is deemed to be an assignment under the 1940 Act, or (b) that the Advisory Agreement is assigned or terminates for any reason. Trades that were placed prior to such termination will not be canceled; however, no new trades will be placed after notice of such termination is received. Termination of this Agreement shall not relieve the Adviser or the Subadviser of any liability incurred hereunder. The terms of this Agreement shall not be changed unless such change is agreed to in writing by the parties hereto and is approved by the affirmative vote of a majority of the Trustees of the Trust voting in person, including a majority of the Trustees who are not interested persons of the Trust, the Adviser or the Subadviser, at a meeting called for the purpose of voting on such change, and (to the extent required by the 0000 Xxx) unless also approved at a meeting by the affirmative vote of the majority of outstanding voting securities of the Fund.

  • Extension or Amendment of Collateral The Borrower will not, except as otherwise permitted in Section 6.4(a), consent to the extension, amendment or other modification of the terms of any Loan without the prior written consent of the Administrative Agent.

  • Amendment of Loan Documents Grantor authorizes Bank, without notice or demand and without affecting its liability hereunder, from time to time to (a) renew, extend, or (with the approval of Borrower) otherwise change the terms of any Loan Document, or any part thereof; (b) take and hold security for the payment of any Loan Document, and exchange, enforce, waive and release any such security; and (c) apply such security and direct the order or manner of sale thereof as Bank in its sole discretion may determine.

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