Common use of Amendment to Credit Limit Clause in Contracts

Amendment to Credit Limit. Provided that (i) Borrower executes and delivers the documents and instruments listed below, (ii) GBC has received, in form and substance satisfactory to it, results of such lien searches as it shall request, and evidence of all filings and other actions as it shall require to perfect and continue perfected its first priority security interest in the Collateral (as defined below), (iii) Borrower has paid the line increase fee referred to below, and (iv) no Default or Event of Default has occurred or is continuing (after and giving effect to the amendments contemplated hereby), Section 1 ("Credit Limit") of the Schedule to the Loan Agreement is amended and restated in its entirety to read as follows:

Amendment to Credit Limit. Provided that (i) Borrower executes and delivers the documents and instruments listed below, (ii) GBC has received, in form and substance satisfactory to it, results of such lien searches as it shall request, and evidence of all filings and other actions as it shall require to perfect and continue perfected its first priority security interest in the Additional Collateral (as defined below), (iii) Borrower has paid the line increase fee referred to below, and (iv) no Default or Event of Default has occurred or is continuing (after and giving effect to the amendments contemplated hereby), Section 1 ("Credit Limit") of the Schedule to the Loan Agreement is amended and restated in its entirety to read as follows: