Modification Agreement Sample
There is also space to accept custom changes based on the needs of both the lender and borrower. Once the agreement is concluded, both parties should sign the document in front of a notary and then have it certified notarized. Each party must keep a copy of the agreement and deposit it in the same place as it keeps its copy of the loan agreement, so that all the terms of the note are in the same place. This agreement amending a loan agreement is a document that allows the parties to modify the terms of a loan agreement already concluded. A credit agreement imposes on lenders the terms of an agreement to lend money to the borrower. Using this document to amend the agreement allows the parties to change the terms of the original agreement. This can be especially useful if the parties want the terms to be more understandable, which will allow the borrower to continue to fulfill the terms of the agreement without being late in the loan. In this document, you can make a number of changes, including: Other names of the document: Agreement modifying debt instruments, modification of the terms of promissial notes, modification of debt securities, modification of the terms of payment….