Example ContractsClausesAmendment to the Note
Amendment to the Note
Amendment to the Note contract clause examples

Amendment to Note. Effective as of the Effective Date, theMaturity Date” of the Note shall be amended from “February ​, 2020” to “April ​, 2020”, and each reference in the Note to Maturity Date shall refer to such Maturity Date as amended and extended hereby.

Amendment to Note. Effective as of the Effective Date, thePrincipal Amount” of the Note shall be amended from “TWO MILLION SEVEN HUNDRED THOUSAND ($2,700,000) DOLLARS” to “ TWO MILLION EIGHT HUNDRED THOUSAND ($2,800,000) DOLLARS”, and each reference in the Note to Principal Amount shall refer to such Principal Amount as amended hereby.

Amendment to the Note. Effective immediately upon the execution of this Amendment, the date June 30, 2022 in [Section 18] of the Note shall be replaced by the date June 30, 2023.

Amendment to the Note. The Note is hereby amended and restated to read in its entirety as set forth in Exhibit A to this First Amendment.

Note. The word "Note" means the promissory note executed by Grantor dated December 31, 2020 from Grantor to Lender, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for the note or credit agreement.

Note. Agent shall have received the Notes duly executed and delivered by an authorized officer of each Borrower;

Amendment to the Promissory Note. The final sentence of the first paragraph of the Promissory Note is hereby amended by deleting the date “May 5, 2022” and substituting in lieu thereof the date “May 5, 2023”.

Replacement Note. Without limiting Borrower’s obligation in Paragraph 10.B. in any respect, Borrower agrees that if at any time the SBA issues a new template promissory note that it requires to be used by lenders participating the Paycheck Protection Programs that, upon request by Lender, Borrower shall execute and deliver to Lender a new promissory note incorporating the terms thereof that are not inconsistent with such template promissory note and such new promissory note shall replace this Note. Further, without limiting Borrower’s obligations in Paragraph 10.B. in any respect Borrower agrees that if SBA has not issued the SBA Authorization to Lender as of the time this Note is executed and SBA subsequently issues the SBA Authorization for the Loan which contains terms that vary from those set forth herein, then upon request by Lender, Borrower shall execute a replacement promissory note provided by Lender containing such terms and conditions as set forth herein that are not inconsistent with the SBA Authorization and which otherwise conform to the terms and conditions of the SBA Authorization and such promissory note shall replace this Note. Borrower agrees that all determinations by Lender as to the terms and conditions of a replacement promissory note shall be binding and conclusive on Borrower. The failure to execute a replacement promissory note required hereby within five (5) days of being delivered such promissory note for execution shall constitute a default hereunder.

Note Terms. Effective May 1, 2021 (“Effective Date”) the Note terms are modified as follows:

Secured Note. This Note is secured by that certain Pledge and Security Agreement of even date herewith, entered into by and between Maker and Payee (thePledge Agreement”). All capitalized terms not otherwise defined herein shall have the meanings given in the Pledge Agreement.

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