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1. Parties: Identification of all parties to the modification agreement, including the original lender, borrower, and any new parties
2. Background: References to the original loan agreement, reasons for modification, and current status of the loan
3. Definitions: Definitions of terms used in the modification agreement, including references to definitions from the original agreement that remain applicable
4. Modification of Terms: Specific details of what terms are being modified from the original agreement
5. Confirmation of Other Terms: Confirmation that all other terms of the original agreement remain in full force and effect
6. Representations and Warranties: Updated representations and warranties from the borrower regarding their current financial situation and ability to perform
7. Conditions Precedent: Any conditions that must be satisfied before the modification becomes effective
8. Effective Date: Clear statement of when the modifications take effect
9. Execution: Signature blocks and execution requirements for all parties
1. Additional Security: Include when new collateral or security is being added as part of the modification
2. Release Provisions: Include when any existing security or guarantees are being released
3. Fee Provisions: Include when there are fees associated with the modification
4. Tax Provisions: Include when the modification has specific tax implications that need to be addressed
5. Guarantor Consent: Include when there are existing guarantors who need to consent to the modification
6. Cross-Default Provisions: Include when there are other related loan agreements that could be affected by this modification
7. Insurance Requirements: Include when insurance requirements are being modified or new insurance is required
1. Schedule of Modified Payment Terms: Detailed breakdown of new payment amounts, dates, and schedule
2. Schedule of Modified Interest Calculations: If applicable, detailed explanation of new interest rates and calculation methods
3. Schedule of Additional Security: Details of any new security or collateral being provided
4. Schedule of Outstanding Balance: Current loan balance and payment history as of modification date
5. Appendix A - Form of Notice: Standard forms for any notices required under the modified agreement
6. Appendix B - Compliance Certificate: Updated form of compliance certificate if required under the modified terms
Original Loan Agreement
Modified Interest Rate
Modified Payment Schedule
Modified Maturity Date
Outstanding Principal Balance
Accrued Interest
Modified Terms
Unmodified Terms
Default
Event of Default
Business Day
Modification Fee
Additional Security
Released Security
Guarantor Consent
Compliance Certificate
Payment Date
Interest Period
Modification Documents
Related Agreements
Security Documents
Permitted Purpose
Representations and Warranties
Conditions Precedent
Notice
Governing Law
Original Parties
New Parties
Amendment
Waiver
Existing Obligations
Modified Obligations
Continuation Statement
Amendment
Interest Rate
Payment Terms
Security
Representations and Warranties
Conditions Precedent
Covenants
Events of Default
Remedies
Notice
Assignment
Governing Law
Jurisdiction
Waiver
Severability
Entire Agreement
Further Assurance
Counterparts
Costs and Expenses
Indemnification
Confidentiality
Force Majeure
Consent
Registration
Financial Reporting
Insurance
Guarantee
Cross-Default
Compliance
Banking and Financial Services
Real Estate
Commercial Lending
Consumer Finance
Agriculture
Manufacturing
Retail
Healthcare
Technology
Construction
Small Business
Education
Legal
Finance
Treasury
Credit and Risk
Compliance
Commercial Banking
Loan Operations
Corporate Banking
Documentation
Portfolio Management
Chief Financial Officer
Finance Director
Loan Officer
Credit Manager
Legal Counsel
Corporate Attorney
Risk Manager
Treasury Manager
Financial Controller
Compliance Officer
Banking Relationship Manager
Debt Restructuring Specialist
Commercial Banking Officer
Portfolio Manager
Credit Analyst
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