Extension or Amendment of Collateral Portfolio Clause Samples

The "Extension or Amendment of Collateral Portfolio" clause defines the process and conditions under which the assets included in a collateral portfolio can be modified during the term of an agreement. This clause typically outlines the procedures for adding new assets, removing existing ones, or changing the terms related to the collateral, often requiring mutual consent or adherence to specific criteria. By establishing clear rules for portfolio adjustments, the clause ensures flexibility for the parties while maintaining transparency and protecting the interests of both sides in managing the collateral.
Extension or Amendment of Collateral Portfolio. The Borrower will not, except as otherwise permitted in Section 6.04(a) of this Agreement and in accordance with the Servicing Standard, extend, amend or otherwise modify the terms of any Loan Asset (including the Underlying Collateral).
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Related to Extension or Amendment of Collateral Portfolio

  • Amendments to the Existing Credit Agreement Upon, and subject to, the satisfaction or waiver in accordance with Section 9.02 of the Existing Credit Agreement of the conditions precedent set forth in Section 2 below, the Existing Credit Agreement is hereby amended as follows: (a) The following new definition is included in Section 1.01 of the Existing Credit Agreement in the proper alphabetical order as follows: