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What is a rate addendum?

Interest Rate Addendum means the Prime Referenced Rate Addendum to Loan and Security Agreement dated as of the Fourth Amendment Effective Date, between Borrower and Bank, as it may be amended, restated, replaced or supplemented from time to time.

What is a interest addendum?

Interest Rate Addendum means the Prime Referenced Rate Addendum to Loan and Security Agreement dated as of the Fourth Amendment Effective Date, between Borrower and Bank, as it may be amended, restated, replaced or supplemented from time to time.

What is an addendum example?

An addendum is an addition to a finished document, such as a contract. The most common addendum is an attachment or exhibit at the end of such a document. For example, a contract to manufacture widgets may have an addendum listing the specifications for said widgets.

What addendum means?

An addendum is an attachment to a contract that modifies the terms and conditions of the original contract. Addendums are used to efficiently update the terms or conditions of many types of contracts.

Does an addendum override a contract?

Consider amendments as changes to the original agreement (for example, extending a previously agreed-upon deadline). An addendum to a contract is a document attached to the original contract that outlines the additions that will be included in the contract. The initial contract is not altered or replaced by addendums.

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