Amendments to Notes Sample Clauses

Amendments to Notes. The Notes are hereby amended to delete all provisions inconsistent with the amendments to the Indenture effected by this Supplemental Indenture.
AutoNDA by SimpleDocs
Amendments to Notes. Each of the Maker and the Holder hereby agree that each of the Notes shall be amended as follows: (a) The original principal amount of each Note shall be increased from Fifty-Nine Million Two Hundred Thousand Dollars ($59,200,000) to Sixty-Two Million Two Hundred Thousand Dollars ($62,200,000) plus accrued interest through September 30, 1997 equal to $12,304,808 and all references to such amounts contained in the Notes shall be amended accordingly. (b) The fourth full paragraph on the second page of each such Note shall be amended and restated in its entirety to read as follows: "Interest on the principal amount hereof shall be payable at the following times and in the following manner: The portion of the principal amount hereof constituting Additional Loans shall bear interest at a rate equal to twelve percent (12%) per annum plus any additional interest due to Holder under the Amended Additional Interest Agreement. The portion of the principal amount hereof not constituting Additional Loans shall bear interest at a rate equal to ten percent (10%) per annum plus any additional interest due to Holder under the Amended Additional Interest Agreement. Interest on the principal amount of the Loans shall be payable monthly, in arrears, on the first day of each month commencing with the month immediately following the date hereof out of the first funds available from the Property's cash flow (after the Maker pays necessary operating costs and its obligations with respect to the First Mortgage Loan and makes escrow payments for real estate taxes relating to the Property). Notwithstanding any other provision contained herein to the contrary, if at any time there is insufficient cash flow from the Property to pay all interest due hereunder, such unpaid interest shall accrue and shall be added to the principal amount of this Note and shall thereafter bear interest at a rate of ten percent (10%) per annum. Notwithstanding any of the foregoing to the contrary, all interest accrued or payable on this Notes shall be due and payable at maturity of this Note, whether upon acceleration or otherwise."
Amendments to Notes. All Notes that have been or will be authenticated pursuant to the Indenture shall be affixed to, stamped, imprinted or otherwise legended by the Trustee with a notation as follows: “Effective as of the Amendment Effective Time (as defined in Supplemental Indenture No. 1), substantially all of the restrictive covenants and certain of the events of default and related provisions have been eliminated from the Indenture. Reference is hereby made to said Supplemental Indenture No. 1, copies of which are on file with the Trustee, for a description of the amendments made therein.”
Amendments to Notes. The Notes are hereby deemed to be amended, mutatis mutandis, to correspond to the amendments to the Indenture set forth in this Second Supplemental Indenture.
Amendments to Notes. Subject to Section 3.5 hereof, the Notes are hereby amended by deleting the following provisions of the Notes and all references thereto in their entirety and inserting in lieu thereof the phraseIntentionally Omitted”:
Amendments to Notes. The form of Note attached as Exhibit A to the Supplemental Indenture, and each Note issued thereunder, whether a Global Note, Definitive Note, or otherwise, are hereby amended (or, as necessary, deemed to be amended) to delete all provisions inconsistent with the amendments to the Supplemental Indenture effected by this Third Supplemental Indenture. The amended form of Note is attached hereto as Exhibit A, and Parent and the Trustee are authorized to take all such actions as are reasonably practicable to cause the cancellation and re-issuance of amended Notes, when requested by the Holders, in accordance with the provisions of the Indenture consistent with this Third Supplemental Indenture.
Amendments to Notes. The parties agree to amend and restate each Note issued prior to the date hereof in the form substantially attached hereto as Exhibit A.
AutoNDA by SimpleDocs
Amendments to Notes. Effective as of the Effective Time, without further act by any Person, the Notes shall be deemed to be amended and modified to make all conforming changes necessary to reflect the amendments and modifications described in Sections 1.01 and 1.02 of this Supplemental Indenture.
Amendments to Notes. The first eight (8) lines of SECTION 1 of each Note are hereby deleted and are replaced with the following: "FOR VALUE RECEIVED, Borrower hereby promises to pay to the order of Lender, on or before August 11, 1999 (the "Maturity Date"), the principal sum of "
Amendments to Notes. (a) The last sentence of the first paragraph of each Note shall be deleted and the following shall be inserted in lieu thereof: "All unpaid principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be due and payable on the earlier of (i) November 14, 2010, (ii) a Change of Control or (iii) when, upon or after the occurrence of an Event of Default (as defined below), such amounts are declared due and payable by Investor or made automatically due and payable in accordance with the terms hereof (such date upon which all amounts payable hereunder are due is referred to herein as the "Maturity Date")." (b) Section 1(c) of each Note shall be deleted and the following shall be inserted in lieu thereof:
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!