Amendment to Promissory Note: Definition, Example
Jump to Section
Quick Facts — Amendment To Promissory Note Lawyers
- Avg cost to draft a Promissory Note Agreement: $710.00
- Avg cost to review a Promissory Note Agreement: $390.00
- Lawyers available: 180 financial lawyers
- Clients helped: 269 recent amendment to promissory note projects
- Avg lawyer rating: 4.98 (28 reviews)
What is an Amendment To Promissory Note?
An amendment to a promissory note is a legal document that makes changes to the original promissory note in a legal manner. The original contract may be restated in order to include the new changes that were made by the amendment to the promissory note.
Amendments to a promissory note may only be made with consent from the lender and will be considered binding by all parties involved. Amendments can be made for significant changes and should be done in a formal manner to minimize liability and confusion with the contract moving forward.
Promissory Note Templates
Amendment To Promissory Note Sample
Exhibit 10.19
AMENDMENT TO PROMISSORY NOTE
THIS AMENDMENT TO PROMISSORY NOTE (this “Agreement”), dated as of October 20, 2006, by and between SHC Michigan Avenue, LLC, a Delaware limited liability company (the “Borrower”), having an office at c/o Strategic Hotel Funding, L.L.C., 77 West Wacker Drive, Suite 4600, Chicago, Illinois 60601, and CITIGROUP GLOBAL MARKETS REALTY CORP., a New York corporation (together with its successors and assigns, “Lender”), having an address at 388 Greenwich Street, New York, New York 10013.
WHEREAS, Borrower executed and delivered a Note dated as of October 6, 2006 for the benefit of Lender in the original principal amount of $120,000,000 (the “Note”);
WHEREAS, Lender and Borrower are parties to that certain Loan and Security Agreement dated as of October 6, 2006, by and between Borrower and Lender, as amended by that Amendment to Loan and Security Agreement dated the date hereof between such parties (the “Loan Agreement”);
WHEREAS, Lender and Borrower desire to amend the Note as set forth herein.
NOW, THEREFORE, for other good and valuable consideration, the parties hereto hereby agree as follows:
| 1. | All capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Note and/or the Loan Agreement. |
| 2. | From and after the date hereof, the Principal Amount of the Note shall be $121,000,000. |
| 3. | All references to the Principal Amount contained in the Note shall be deemed to refer to the Principal Amount as amended by this Agreement, as the same may be further amended, restated, replaced, supplemented or otherwise modified from time to time. |
| 4. | Section 3(b) is hereby amended in its entirety to read as follows: “If this Note has not been prepaid in full on or before the Payment Date in April 2007, then on the Business Day after the Payment Date in April 2007, Borrower shall pay to Lender the Origination Fee.” |
| 5. | Except as specifically modified and amended herein, all other terms, conditions and covenants contained in the Note shall remain in full force and effect. |
| 6. | All references in the Loan Documents to the “Note” shall mean the Note as hereby amended. |
| 7. | This Agreement may be executed in any number of counterparts with the same effect as if all parties hereto had signed the same document. All such counterparts shall be construed together and shall constitute one instrument, but in making proof hereof it shall only be necessary to produce one such counterpart. |
| 8. | This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns. |
| 9. | This Agreement shall be governed by New York law, without regard to conflicts of law principles. |
[SIGNATURE PAGES IMMEDIATELY FOLLOW]
-2-
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their duly authorized representatives, all as of the day and year first above written.
| BORROWER: | ||
| SHC MICHIGAN AVENUE, LLC, a Delaware limited liability company | ||
| By: | /s/ Ryan M. Bowie | |
| Name: | Ryan M. Bowie | |
| Title: | Assistant Treasurer | |
[LENDER’S SIGNATURE APPEARS ON THE FOLLOWING PAGE]
-3-
| LENDER: | ||
| CITIGROUP GLOBAL MARKETS REALTY CORP., a New York corporation | ||
| By: | /s/ Amir Kornblum | |
| Name: | Amir Kornblum | |
| Title: | Authorized Signatory | |
-4-
CONSENT OF SPONSOR AND OPERATING LESSEE
Each of the undersigned hereby acknowledges and consents and agrees to the foregoing Agreement.
| SPONSOR: | ||
| DTRS MICHIGAN AVENUE/CHOPIN PLAZA, LP, a Delaware limited partnership | ||
| By: | /s/ Ryan M. Bowie | |
| Name: | Ryan M. Bowie | |
| Title: | Assistant Treasurer | |
| INTERCONTINENTAL FLORIDA LIMITED PARTNERSHIP, a Delaware limited partnership | ||
| By: | /s/ Ryan M. Bowie | |
| Name: | Ryan M. Bowie | |
| Title: | Assistant Treasurer | |
| CIMS LIMITED PARTNERSHIP, an Illinois limited partnership | ||
| By: | /s/ Ryan M. Bowie | |
| Name: | Ryan M. Bowie | |
| Title: | Assistant Treasurer | |
| OPERATING LESSEE: | ||
| DTRS InterContinental Chicago, LLC, a Delaware limited liability company | ||
| By: | /s/ Ryan M. Bowie | |
| Name: | Ryan M. Bowie | |
| Title: | Assistant Treasurer | |
Reference:
Security Exchange Commission - Edgar Database, EX-10.19 11 dex1019.htm AMENDMENT TO PROMISSORY NOTE, Viewed October 13, 2021, View Source on SEC.
Who Helps With Amendments To Promissory Note: Definition & Sample?
Lawyers with backgrounds working on amendments to promissory note: definition & sample work with clients to help. Do you need help with an amendment to promissory note?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate amendments to promissory note: definition & sample. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
See Real Promissory Note Agreement Projects
New Jersey Set up loan contract / promissory note on a personal loan with equity in property as collateral Drafting
- New Jersey
- 3 lawyer bids
- $700 - $1,800
Texas Draft Promissory Note Template and provide consultation and review Drafting
- Texas
- 6 lawyer bids
- $440 - $1,750
Massachusetts IRS Compliance Review of Promissory Note and loan agreement Review
- Massachusetts
- 5 lawyer bids
- $350 - $700
See all Promissory Note Agreement projects
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Need help with an Amendment To Promissory Note?
Meet some of our Amendment To Promissory Note Lawyers
Sarah T.
Sarah has been practicing law since 2010. Prior to becoming an attorney, Sarah worked in the insurance industry for 5 years. Sarah's practice includes civil litigation, contracts, and family matters.
"Sarah was extremely knowledgeable and helpful! Well worth the money!"
Jehan C.
Experience business, estate and intellectual property attorney ready to serve entrepreneurs and creatives in all 50 state and those that have wills and estate planning needs in the District of Columbia.
"Jehan was responsive, spent time understanding the issue and provided a solution. Thank you."
Briana C.
Legal services cost too much, and are often of low quality. I have devoted my law practice to providing the best work at the most affordable price—in everything from defending small businesses against patent trolls to advising multinational corporations on regulatory compliance to steering couples through a divorce.
"Briana was responsive and quick to put the draft together. It has been a pleasure working with her!"
William B.
Attorney based in Southern California (for in-person matters), taking clients globally/remotely for CA-specific and Federal legals needs. Owner and operator of Alchemist Attorney, Inc. (www.alchemistattorney.com).
"Will contributed insightful and precisely explained revisions for technical software licensing terms and I'm very satisfied with the result."
Stephen R.
Steve Reich is licensed to practice in both New York and Massachusetts and is based in Boston. He assists with environmental litigation and other complex litigation and heads the firm's intellectual property practice, including copyright and trademark registration and protection. Other practice areas include commercial contract drafting and civil litigation.
"Stephen was responsive, clear, and candid. He turned the work around quickly, welcomed my input, and offered honest, practical advice throughout. I would gladly hire him again."
William W.
An entrepreneurial, results-oriented advocate, legal and compliance professional with a successful track record of providing strategic legal advice and operational support to high growth national companies. Well established expertise in commercial transactions, acquisitions, and compliance oversight and policy development, including specialized expertise in sales, marketing and advertising compliance.
September 29, 2023
Andreas M.
Throughout his career, Mr. Mettler gained significant experience negotiating and documenting large-scale international transactions, managing legal and regulatory compliance, and collaborating with legal teams to ensure business activities aligned with contract terms, commercial objectives, relevant laws, and government regulations. This experience exposed him to the intersection of business and law, and he became increasingly interested in the law and its workings. As a result, after spending over 20 years in the technology industry as a successful executive, Mr. Mettler decided to transition into the legal industry to expand his skill set and pursue his passion for law. Mr. Mettler believes that his strong business acumen, attention to detail, and ability to simplify complex projects and issues into manageable components and easy-to-read terminology, is a valuable assets in the legal industry. * 20+ years sales and account executive for technology companies, focusing on international enterprise transactions, with deep experience in sales, international expansion, negotiating SaaS agreements, and account management. * Extensive experience working closely with legal teams to negotiate and draft complex large-scale international enterprise contracts, including SaaS agreements, with a keen focus on commercial, legal, and regulatory compliance across multiple jurisdictions. * Proficient in identifying legal risks and opportunities in business transactions and developing strategies to mitigate risks (and work contract language around such risk) while maximizing value for the company and its customers.
Find the best lawyer for your project
Browse Lawyers NowLawyer Reviews for Amendment To Promissory Note Projects
Review Promissory Note - RE rezoning project
"Clear communication. Delivered before time."
Review Promissory Note
"David was very informative during our initial call, and helped me understand the scope of work that my project needed depending on how many legal avenues I wanted addressed and covered. The work he provided was detailed and completed by the deadline that he provided."
Create Promissory Note
"Excellent experience with Adam who was very quick, responsive, yet thorough in completing my project. Highly recommend!"
Create Promissory Note
"Thank you for the prompt responses and timely completion of the project"
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewNeed help with an Amendment To Promissory Note?
Financial lawyers by top cities
- Austin Financial Lawyers
- Boston Financial Lawyers
- Chicago Financial Lawyers
- Dallas Financial Lawyers
- Denver Financial Lawyers
- Houston Financial Lawyers
- Los Angeles Financial Lawyers
- New York Financial Lawyers
- Phoenix Financial Lawyers
- San Diego Financial Lawyers
- Tampa Financial Lawyers
Amendment To Promissory Note lawyers by city
- Austin Amendment To Promissory Note Lawyers
- Boston Amendment To Promissory Note Lawyers
- Chicago Amendment To Promissory Note Lawyers
- Dallas Amendment To Promissory Note Lawyers
- Denver Amendment To Promissory Note Lawyers
- Houston Amendment To Promissory Note Lawyers
- Los Angeles Amendment To Promissory Note Lawyers
- New York Amendment To Promissory Note Lawyers
- Phoenix Amendment To Promissory Note Lawyers
- San Diego Amendment To Promissory Note Lawyers
- Tampa Amendment To Promissory Note Lawyers
ContractsCounsel User
Review PROMISSORY NOTE contract that entails real estate
Location: California
Turnaround: A week
Service: Contract Review
Doc Type: Promissory Note Agreement
Page Count: 2
Number of Bids: 5
Bid Range: $300 - $499
User Feedback:
ContractsCounsel User