Amendments to Existing Note Agreements Clause Samples
The "Amendments to Existing Note Agreements" clause establishes the terms and procedures for modifying the provisions of current note agreements between parties. Typically, this clause outlines who must consent to changes, the form that amendments must take (such as requiring written documentation), and any limitations on what can be altered. For example, it may require unanimous approval from all noteholders or specify that only certain sections of the agreement can be amended. The core function of this clause is to provide a clear, structured process for making changes to existing agreements, thereby preventing unauthorized or informal modifications and ensuring all parties are aware of and agree to any updates.
Amendments to Existing Note Agreements. The Company has requested that the Current Holders consent to the amendment of certain provisions of the Existing Note Agreements in the manner specified in Exhibit A hereto (collectively, the "Amendments"). Subject to the satisfaction by the Company of the terms and conditions hereof, the Current Holders hereby agree to the Company's request.
Amendments to Existing Note Agreements. The Company shall have delivered to the Purchasers fully executed copies of (a) that certain Third Amendment to Note Purchase Agreements, dated as of May 31, 2007, by and among the Company and each of the Persons listed on Schedule A thereto with respect to the 1999 Note Agreement, (b) that certain Third Amendment to Note Purchase Agreements dated as of May 31, 2007, by and among the Company, and each of the Persons listed on Schedule A thereto with respect to the 2000 Note Agreement, (c) that certain First Amendment to Note Purchase Agreements, dated as of May 31, 2007, by and among the Company and each of the Persons listed on Schedule A thereto with respect to the 2004 Note Agreement and (d) any amendments to the Bank Credit Agreement which may have been entered into among the Company and the other Persons party thereto since June 18, 2004, in each case together with each of the other instruments and agreements executed and/or delivered in connection therewith, each certified as true and correct by a Responsible Officer.
Amendments to Existing Note Agreements. The Company shall have entered into those certain separate amendments, each dated as of the date hereof, with respect to each of the Existing Note Agreements (the “Existing Note Agreement Amendments”) sufficient to permit the transactions contemplated by this Agreement and the Bank Credit Agreement, and each of the Existing Note Agreements, as so amended, shall be in form and substance satisfactory to Prudential and its special counsel. On or prior to the Series A Closing Day, the Company shall have delivered to PIM and Prudential fully executed copies of the Existing Note Agreement Amendments, the Existing Note Agreements and each of the other agreements and instruments executed in connection therewith, certified as true and correct by an Authorized Officer of the Company.
Amendments to Existing Note Agreements. The Company shall have delivered to the Purchasers fully executed copies of (a) that certain Second Amendment to Note Purchase Agreements, dated as of May 27, 2004, by and among the Company and each of the Persons listed on Schedule A thereto with respect to the 1999 Note Agreement, and (b) that certain Second Amendment to Note Purchase Agreements dated as of May 27, 2004, by and among the Company, and each of the Persons listed on Schedule A thereto with respect to the 2000 Note Agreement, together with each of the other instruments and agreements executed and/or delivered in connection therewith, each certified as true and correct by a Responsible Officer.
Amendments to Existing Note Agreements. Section 2.1. Amendment to Section 5.10. Section 5.10 of the Existing Note Purchase Agreements shall be and is hereby amended by deleting the last paragraph thereof and replacing it as follows: For the purpose of making any determination of "substantial part," any sale, lease or other dispositions of assets of the Company and its Subsidiaries shall not be included if the net proceeds are segregated from the general accounts of the Company or any Subsidiary and within six months in the case of clause (1) below and twelve months in the case of clause (2) below, after such sale, lease or other disposition such net proceeds are (1) applied to capital expenditures in respect of maintenance and not in respect of expansion, or (2) except to the extent that the net proceeds are required to be applied to the payment of any Debt secured by a Lien on such assets, Cleveland-Cliffs Inc. Second Amendment Agreement
Amendments to Existing Note Agreements. Section 1.1. Section 1 of each of the Existing Note Agreements shall be and is hereby amended by amending subsection 1.1(a)(i) by deleting the word "semi-annually" and replacing it with the word "quarterly" and by deleting the phrase "April and October in each year (commencing October 15, 1994)" and by inserting "January, April, July and October in each year (commencing on April 15, 1998, it being acknowledged that the payment on April 15, 1998 shall include all accrued and unpaid interest from and after October 15, 1997)". Section 1 shall also be amended by adding the following Section 1.4 to the end thereof: "
Amendments to Existing Note Agreements