Amended and Restated Credit Agreement

• Category: Loans and Lending - Credit Agreements
• State: Multi-State
• Control #: US-LL-CA-56874-01
• Format: Word; Rich Text

Description

An amended and restated credit agreement is a credit agreement where one or many changes have been applied and stated within the document. A credit agreement is a legal document that outlines the terms of a loan agreement and is made between a borrower and a lender. When changes are made to the agreement, such as a due date change or modification to payment schedule, the modified document is referred to as an amended and restated credit agreement once these changes are applied and signed for. Any change, no matter how big or small, must be documented and affirmed with signatures from both parties. The amended and restated credit agreement gives the parties a vehicle to meet this requirement.