Amendments to Note Sample Clauses
The "Amendments to Note" clause defines the process and requirements for making changes to the terms of a promissory note or similar financial instrument. Typically, this clause specifies that any modifications, waivers, or alterations to the note must be made in writing and agreed upon by all relevant parties, such as the borrower and lender. For example, if the parties wish to change the repayment schedule or interest rate, they must formally document and sign the amendment. This clause ensures that all parties are aware of and consent to any changes, thereby preventing misunderstandings or disputes over the note's terms.
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Amendments to Note a) As of the Effective Date, Section 4(a) of the Note is hereby deleted in its entirety and replaced with the following:
(a) The principal and unpaid accrued interest of this Note will be automatically converted into Equity Securities on the Effective Date. “Effective Date” shall mean October [ ], 2019. The number of Equity Securities to be issued upon such conversion shall be equal to the quotient obtained by dividing the outstanding principal and unpaid accrued interest due on this Note on the date of conversion, by the Conversion Price. “Conversion Price” shall mean $0.51.”
Amendments to Note. The Note is hereby amended as follows:
Amendments to Note. To the extent not inconsistent with applicable law, this Note shall be subject to modification by such amendments, extensions, and renewals as may be agreed upon from time to time by the Holder and the Borrower, with the approval of the Secretary.
Amendments to Note. The Note is hereby amended as follows:
(a) By deleting "November 18, 2015" from the 3rd paragraph and substituting in lieu thereof "November 18, 2016".
(b) By deleting "November 18, 2015" from the 6th paragraph and substituting in lieu thereof "November 18, 2016".
Amendments to Note. As of the Effective Date, the Note is amended as follows:
(a) The reference at the top of page 1 of the Note to “$200,000,000.00” is deleted and replaced with “$175,000,000.”
(b) The first paragraph on page 1 of the Note is deleted and replaced with the following: FOR THE VALUE RECEIVED, the undersigned, ▇▇▇▇▇ ▇▇▇▇▇▇▇ & CO., a Delaware corporation (“Borrower”), hereby unconditionally promises to pay, to the order of U.S. BANK NATIONAL ASSOCIATION, a national banking association (“Lender”), on the Termination Date (as defined in the Amended and Restated Loan Agreement between Lender and Borrower dated of even date herewith, as the same may from time to time be amended [the “Loan Agreement”; all capitalized terms not otherwise defined shall have the meanings ascribed to them in the Loan Agreement]), the principal amount of One Hundred Million Seventy- Five Thousand Dollars ($175,000,000) or, if less, the aggregate unpaid principal amount of all Advances made by Lender to Borrower and evidenced by this Amended and Restated Revolving Credit Note (as amended, this “Note”), which amount may be borrowed, paid, re-borrowed and repaid, in whole or in part, subject to the terms of this Note and the Loan Agreement.
Amendments to Note. The parties agree that the body of the Note shall remain unchanged but that as of the Effective Date, the payment schedule attached as Exhibit A to the Note is hereby deleted in its entirety and shall be replaced with the payment schedule attached hereto as Exhibit C.
Amendments to Note. The provisions of the Note are hereby amended and modified as follows:
a. The definition of "Maturity Date" is amended and modified by striking the following sentence from page 1 of the Note: The Principal of the Note shall be due and payable, together with any then unpaid interest on November 28, 2006 (the "Maturity Date").
Amendments to Note. (a) The Note is hereby amended by replacing the reference to “6th day of June, 2020” with “7th day of June, 2021”.
Amendments to Note. The Note (including for the avoidance of doubt any provisions of the Note amended pursuant to Amendment #1 to the Note) shall, effective as of the Effective Date, be amended in the manner provided in this Section 2.
Amendments to Note. Effective as of the date hereof:
(a) Section 7 of the Note is hereby amended and restated in its entirety to read as follows: