1(a). Section 7.1.1(a) of the Credit Agreement is hereby amended by replacing each instance of the word “consolidated” with the word “consolidating.”
1(a). Agreed – August 23/22 b) teaching ability: evidence of, or potential ability for effectiveness in teaching.
1(a). An employee, when advanced from one title to another, shall move up one step in the current range and be placed on the step of the new range that is equal thereto in salary, or if no step is equal in salary, on the next higher step. See the State Agreement Article XXII.C for further details.
1(a). Section 2.1(a) of the Credit Agreement is hereby amended and restated to read as follows:
1(a). Section 2.1(a) of the SAPA is hereby amended and restated in its entirety as follows:
1(a). Section 10.1(a) is amended by deleting the word "or" appearing immediately before subclause (e) thereof and inserting the following phrase immediately after such subclause (e): "or (f) increase the Global Borrowing Base pursuant to Section 2.1.3 without consent of the Global Lenders, provided, the Required Global Lenders may maintain or decrease the Global Borrowing Base pursuant to Section 2.1.3."
1(a). The Parties agree that the inventory already recorded in the 2014 Italian GAAP Financial Statements - prepared pursuant to Section 5.3 - which is still physically exiting at Closing Date will have the same value indicated in the 2014 Italian GAAP Financial Statements and the new inventory will be valued by applying the same Italian GAAP principles used for the preparation of the 2014 Italian GAAP Financial Statements.
1(a). Section 2.1(a) of the Business Financing Agreement is hereby amended by deleting it in its entirety and replacing it with the following:
1(a). Section 20.1(a) of the Agreement is deleted and replaced with the following:
1(a). Section 3.1.1(a) of the Credit Agreement is hereby amended by adding the following sentence as the first sentence of such Section 3.1.1(a): “On the Third Amendment Effective Date, the Borrower shall be deemed to have requested, on the terms and conditions provided herein, that Term Loans be made by all Term Lenders in the amounts of their respective Term Loan Commitments.”
