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1. Parties: Identification of the lender and borrower(s), including their full legal names and addresses
2. Background: Details of the original loan agreement including date, parties, and purpose; reasons for modification
3. Definitions: Key terms used in the modification agreement, including references to defined terms in the original agreement
4. Interpretation: Rules for interpreting the modification agreement and its relationship to the original agreement
5. Confirmation of Original Agreement: Statement confirming the original agreement remains in force except as modified
6. Modifications: Specific changes to the original agreement, clearly stating old and new terms
7. Effective Date: When the modifications take effect
8. Representations and Warranties: Confirmation that original representations remain true and any new representations
9. Costs and Expenses: Allocation of costs related to the modification
10. Execution: Signature blocks for all parties and witnesses if required
1. Security Amendments: Changes to any security arrangements, used when modifying collateral or security terms
2. Guarantor Consent: Required when the original loan has guarantors who must consent to the modifications
3. New Payment Schedule: Used when modifying payment amounts, frequencies, or terms
4. Interest Rate Changes: Specific section for modifications to interest rate terms or calculations
5. Additional Conditions Precedent: New conditions that must be met before modifications take effect
6. Deed of Priority Changes: Required when modification affects priority arrangements with other creditors
7. Insurance Requirements: Changes to insurance requirements for secured assets
1. Schedule 1 - Modified Terms: Detailed list of all specific terms being modified, showing original and new versions
2. Schedule 2 - Amended Repayment Schedule: Updated amortization schedule showing new payment amounts and dates
3. Schedule 3 - Modified Security Details: Updated description of security arrangements if applicable
4. Appendix A - Consent Forms: Required consent forms from guarantors or other relevant parties
5. Appendix B - Revised Disclosure Statement: Updated disclosure statement as required by CCCFA
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