Amendment to Existing Loan Agreement Clause Samples
The "Amendment to Existing Loan Agreement" clause allows the parties to formally modify the terms and conditions of a previously executed loan agreement. This clause typically outlines the specific provisions being changed, such as interest rates, repayment schedules, or collateral requirements, and requires all parties to consent to the amendments in writing. Its core function is to provide a clear and legally binding mechanism for updating the loan agreement, ensuring that any changes are mutually agreed upon and properly documented to prevent future disputes.
Amendment to Existing Loan Agreement. 2.1 Addition of Definition. The following definitions are hereby added to Section 1.1 of the Existing Loan Agreement, each in proper alphabetical order:
Amendment to Existing Loan Agreement. The Existing Loan Agreement is hereby amended as of the date first written above as follows:
(A) The definition of the terms "Agreement" , "this Agreement" and "Lender" in the introductory paragraph are hereby amended to read as follows:
Amendment to Existing Loan Agreement. Each of the parties hereto agrees and consents that, effective as of the Third Amendment Effective Date (as defined below), the Existing Loan Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) in the form attached as Exhibit A hereto.
Amendment to Existing Loan Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 2 below, Section 1.01 of the Existing Loan Agreement is hereby amended by deleting the definition of “Revolving Period” in its entirety and replacing it with the following:
Amendment to Existing Loan Agreement. The Existing Loan Agreement is amended as follows.
Amendment to Existing Loan Agreement. The Existing Loan Agreement is hereby amended as follows:
Amendment to Existing Loan Agreement. (a) Section 1.1(o) is hereby deleted in its entirety and the following is substituted therefor:
Amendment to Existing Loan Agreement. The Existing Loan Agreement is, upon the occurrence of the Amendment Effective Date (as defined in Section 2 below), is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the underlined text (indicated textually in the same manner as the following example: underlined text) as set forth in the pages of the Existing Loan Agreement attached hereto as Annex A.
Amendment to Existing Loan Agreement. Subject to the terms and conditions herein, the Existing Loan Agreement shall be amended as of the date of this Amendment to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the bold and double underlined text (indicated textually in the same manner as the following example: bold and double underlined text) as set forth on Exhibit A attached hereto. The Loan Agreement, as amended as shown in Exhibit A hereto (together with the Exhibits) constitutes the entire Loan Agreement as of the date hereof and supersedes any and all previous agreements and understandings, oral or written, relating to the Loan Agreement.
Amendment to Existing Loan Agreement. In reliance on the representations, warranties, covenants and agreements contained in this Second Amendment, and subject to the satisfaction (or waiver) of the conditions precedent set forth in Section 2 hereof, the Existing Loan Agreement is hereby amended effective as of the Second Amendment Effective Date by amending and restating Section 10.2.1(i) in its entirety to read in full as follows: (i) Capital Lease Obligations (including any Sale and Lease-Back Transaction that is permitted under Section 10.2.3) and Purchase Money Obligations to the extent that the aggregate total amount of all such Capital Lease Obligations and Purchase Money Obligations outstanding at any one time (together with all Debt outstanding pursuant to this paragraph (i) and paragraph (h) of this Section 10.2.1 and the Remaining Present Value of outstanding leases permitted under Section 10.2.3), shall not (i) exceed the greater of (A) $137,500,000 and (B) 5.5% of Consolidated Total Assets and (ii) both immediately before and immediately after giving effect to the incurrence of any Debt pursuant to this paragraph (i), cause the Total Net Leverage Ratio calculated on a Pro Forma Basis to exceed 5.75:1.00; provided, that clause (ii) of this Section 10.2.1 shall not be required to be satisfied with respect to up to $5,000,000 of Capital Lease Obligations and Purchase Money Obligations outstanding at any one time.