Common use of Necessary Amendments to Security Documents Clause in Contracts

Necessary Amendments to Security Documents. If a Substitute Rate or a Substitute Basis comes into effect or if the interbank rate as per Clause 11.1.1 or the Interbank Market again governs the Loans or any part thereof, both pursuant to the terms of this Clause, the Borrowers agree to execute, deliver, record and endorse at their own expense amendments to the Security Documents reflecting the same and such other documents as the Lenders shall reasonably request in order to maintain the validity of any of the Security Documents.