This Loan Modification Agreement (the “Agreement”) is entered into between the Lender and the Borrower on 13 May 2026
Parties:
PARTY_1_NAME of PARTY_1_ADDRESS_MULTI_LINE (the “Lender”)
PARTY_2_NAME of PARTY_2_ADDRESS_SINGLE_LINE (the “Borrower”)
A. The Lender and the Borrower are parties to a loan agreement originally entered into on DATE_ORIGINAL_AGREEMENT (the “Original Loan Agreement”), pursuant to which the Lender agreed to advance a loan to the Borrower.
B. The Lender and Borrower have agreed to modify certain terms of the Original Loan Agreement strictly in accordance with the terms of this Agreement.
C. Except as expressly modified by this Agreement, all terms and conditions of the Original Loan Agreement remain unchanged and continue in full force and effect.
1.1 In this Agreement:
Business Day means a day, not being a Saturday or a Sunday, or other day on which commercial banks in JURISDICTION_STATE are authorized or required by law to remain closed.
Event of Default has the meaning given to it in the Original Loan Agreement.
Interest Rate means the modified interest rate of NEW_INTEREST_RATE% per annum as agreed under this Agreement.
Interest Payment Date means the dates specified in the modified repayment schedule set out in this Agreement.
Loan means the loan as modified pursuant to this Agreement, being the principal amount of CURRENCY NEW_LOAN_AMOUNT .
Other Amounts Payable means all amounts other than the Principal Outstanding payable by the Borrower under the Original Loan Agreement as modified by this Agreement.
Parties means the Borrower and the Lender, and Party refers to either of them.
Principal Outstanding means the amount of the Loan advanced and not repaid from time to time.
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