Prepayment and Amendment of Note Clause Samples

Prepayment and Amendment of Note. At Closing, Altair shall issue to Lender 1,500,000 common shares of Altair (the "Payment Shares") in exchange for a reduction of the principal amount outstanding under the Note from $2,000,000 to $1,400,000. The Note, as partially prepaid and amended by this Agreement, shall be represented by an Amended and Restated Secured Term Note in the form attached hereto as Exhibit A (the "Amended Note"). At Closing, the Altair Parties shall execute and deliver to Lender the Amended Note. Upon execution and delivery of the Amended Note by the Altair Parties to Lender, the Note shall, immediately and automatically, be deemed to have been superseded and terminated by the Amended Note. At Closing, Lender shall deliver to the Altair Parties the original Note marked "Cancelled," provided that Lender's failure to deliver such cancelled Note shall not affect or negate the superseding and termination of the Note as set forth in the preceding sentence. Lender waives any and all prepayment penalties and premiums that, but for this waiver, may arise as a result of the prepayments and amendments of the Note contemplated by this Agreement.
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Prepayment and Amendment of Note 
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Related to Prepayment and Amendment of Note

  • Extension or Amendment of Receivables Except as provided in the Agreement, the Seller shall not, and shall not permit the Servicer to, extend the maturity or adjust the Outstanding Balance or otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any related Contract.

  • Assignment and Amendment This Agreement may not be assigned by the Subadviser, and shall automatically terminate, without the payment of any penalty, in the event: (a) of its assignment, including any change in control of the Adviser or the Subadviser which is deemed to be an assignment under the 1940 Act, or (b) that the Advisory Agreement is assigned or terminates for any reason. Trades that were placed prior to such termination will not be canceled; however, no new trades will be placed after notice of such termination is received. Termination of this Agreement shall not relieve the Adviser or the Subadviser of any liability incurred hereunder. The terms of this Agreement shall not be changed unless such change is agreed to in writing by the parties hereto and is approved by the affirmative vote of a majority of the Trustees of the Trust voting in person, including a majority of the Trustees who are not interested persons of the Trust, the Adviser or the Subadviser, at a meeting called for the purpose of voting on such change, and (to the extent required by the ▇▇▇▇ ▇▇▇) unless also approved at a meeting by the affirmative vote of the majority of outstanding voting securities of the Fund.

  • Modification, Amendment and Waiver The authority of the Trustees hereunder to authorize the Trust to enter into contracts or other agreements or arrangements shall include the authority of the Trustees to modify, amend, waive any provision of supplement, assign all or a portion of, novate, or terminate such contracts, agreements or arrangements. The enumeration of any specific contracts in this Section 5.12 shall in no way be deemed to limit the power and authority of the Trustees as otherwise set forth in this Declaration of Trust to authorize the Fund to engage, contract with or make payments to such Persons as the Trustees may deem desirable for the transaction of the business of the Fund.

  • ASSIGNMENT AND AMENDMENTS This Agreement shall automatically terminate, without the payment of any penalty, in the event of its assignment (as defined in section 2(a)(4) of the 1940 Act); provided that such termination shall not relieve the Adviser of any liability incurred hereunder. This Agreement may not be added to or changed orally and may not be modified or rescinded except by a writing signed by the parties hereto and in accordance with the 1940 Act, when applicable.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows: