This addition to the loan agreement, which was entered into on July 27, 2007, was agreed upon by (hereafter referred to as “Lender” and “Renewable Energy Resources,” Inc. (hereafter referred to as “borrower”) for the use of $100,000 of the loan for the borrower`s activity in connection with the outstanding SEC 10Q deposit and the final beneficiary, Project Spring. This surcharge is made between the parties, namely.dem lender and the borrower, for the sole destination and amount indicated and cannot change any other party, content or status of any of the parties to the original loan agreement. This supplement does not change the amount of the loan, the duration of the loan, the payment of interest, repayment, advance, actions by the borrower, loan guarantee with the authorization of the surety, default clauses, recourse, recovery, jurisdiction and jurisdiction, the lender`s right of prior decision or the lender`s obligation for the loan, as stated in the initial agreement, the total amount of the changes transacti- Such disclosure may lead both parties to want to change one or more maturities. If there are a large number of changes, it may be preferable, from a purely practical point of view, to develop a whole new agreement. This loan modification agreement is a simple form of agreement that allows for the modification of an initial loan agreement. These changes can range from simple administrative or information changes to more substantial changes, such as increasing the amount of the loan or extending the term of the loan. This agreement assumes the lack of security. This model is in open format. Enter the required details in the raised fields or adjust the text for your purposes. There is also space to include custom modifications based on the needs of the lender and borrower.
Once the agreement is reached, both parties should sign the document before a notary and have the notarial document certified. Each party must keep a copy of the agreement and deposit it in the same place as keeping its copy of the loan agreement, so that all the conditions of the notification are in the same place. Changes must be made in accordance with the relevant provisions of the original loan agreement. Our amendment agreement is at odds with the corresponding provision of our Long Form Loan Agreement. On September 17, 2012, loan agreement for Loan 9660933082-90002/0002 was established for $5,000,000, From April 17, 2012 and amended on July 16, 2012 by and between ETCH BANKING AND TRUST COMPANY (“Bank”) and The Goldfield Corporation, a Delaware State Company (“Borrower”) whose Executive Board of Melbourne, Florida, is amended as follows: This agreement amending a loan agreement is a document allowing the parties to change the terms of an existing credit contract. A loan agreement requires the lender to lend money to the borrower.