Description of Change in Terms Sample Clauses
The 'Description of Change in Terms' clause defines how and when modifications to the terms of an agreement will be communicated to the parties involved. Typically, this clause outlines the process for notifying parties about changes, such as providing written notice or updating terms on a website, and may specify a required notice period before changes take effect. Its core function is to ensure transparency and provide all parties with clear information about any alterations to the agreement, thereby preventing misunderstandings and disputes regarding contractual obligations.
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Description of Change in Terms. A. Modification(s)
Description of Change in Terms. A. Modification(s) to Loan Agreement
1. The following term under Section 13.1 entitled “Definitions” is hereby amended to read as follows:
Description of Change in Terms. A. Modification(s) to Loan Agreement.
Description of Change in Terms. Modifications to Loan Agreement
1. The Loan Agreement shall be amended by deleting the following definitions appearing in Section 13.1 thereof:
Description of Change in Terms. 1. CHANGE OF MATURITY DATE. Extend the maturity date of the above listed Promissory Note from April 15, 2023 to June 15, 2023, at which time all outstanding principal plus all accrued unpaid interest will be due.
Description of Change in Terms. 1. The Loan Agreement shall be amended by renumbering the section entitled "Undisbursed Credit Extensions" as Section 2.4.
2. The Loan Agreement shall be amended by adding the following new Section appearing after Section 2.1.3 thereof:
Description of Change in Terms. A. Modification(s) to Loan Agreement.
1. The following defined term under Section 13.1 entitled “Definitions” is hereby amended to read as follows: “Revolving Maturity Date” is November 30, 2002.
Description of Change in Terms. (a) Section 1.1 of the Loan Agreement is hereby amended by amending and restating, or adding in appropriate alphabetical order, the following defined terms:
Description of Change in Terms. A. Modification(s) to Loan Agreement.
1. The Loan Agreement shall be amended by deleting the Tangible Net Worth covenants appearing as Section 6.7(a)(ii) and Section 6.7(b)(ii) and inserting in lieu thereof the following text to appear as Section 6.7
Description of Change in Terms. As of the Effective Date, the Loan Agreement is modified in the following respects:
Section 1.1 of the Loan Agreement is hereby amended by restating the definition of "Revolving Maturity Date" in its entirety as follows: