Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date (as defined in Section 3.01, below), the following definitions set forth in Section 1.2 of the Credit Agreement, are hereby amended and restated to read as follows:
Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date, the definition of “Permitted Loans” set forth in Section 1.2 is hereby deleted in its entirety and replaced with the following:
Amendment to Section 1.2 – Amended Definitions. Effective as of June 1, 2015, the following definitions contained in Section 1.2 of the Credit Agreement, are hereby deleted in their entirety and replaced with the following:
Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date, the definitions of “Applicable Margin”, “Availability Block” and “Adjusted EBITDA” set forth in Section 1.2 are hereby deleted in their entirety and replaced with the following:
Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date, the definitions of “Fixed Charge Coverage Ratio”, “Maximum Loan Amount”, “Maximum Revolving Advance Amount”, “Maximum Swing Loan Advance Amount”, “Revolving Commitment Amount”, “Revolving Commitment Percentage”, “Term Loan Commitment Amount”, “Term Loan Commitment Percentage” and “Undrawn Availability” set forth in Section 1.2 are hereby deleted in their entirety and replaced with the following:
Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date, Section 1.2 is hereby amended by deleting the definitions of “Average Undrawn Availability” and “Term Loan Overadvance Component”.
Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date, the definitions of “Adjusted EBITDA”, “CapEx Trigger Period” and “Permitted Business-Line Disposition” set forth in Section 1.2 are hereby deleted in their entirety and replaced with the following:
Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date, the definition of “Adjusted EBITDA” set forth in Section 1.2 is hereby deleted in its entirety and replaced with the following:
Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date, the table in the definition of “Applicable Margin” set forth in Section 1.2 is hereby deleted in its entirety and replaced with the following: [Flotek] Fifth Amendment to A&R Credit Agreement Level Facility Usage LIBOR Rate Loans – Revolving Advances LIBOR Rate Loans – Term Loans Base Rate Loans – Revolving Advances Base Rate Loans – Term Loans Level I If Average Undrawn Availability is greater than 35% of the Maximum Revolving Advance Amount 2.50 % 3.25 % 1.50 % 2.25 % Level II If Average Undrawn Availability is greater than 20% but less than or equal to 35% of the Maximum Revolving Advance Amount 2.75 % 3.50 % 1.75 % 2.50 % Level III If Average Undrawn Availability is less than or equal to 20% of the Maximum Revolving Advance Amount 3.00 % 3.75 % 2.00 % 2.75 %
Amendment to Section 1.2 – Amended Definitions. Effective as of the Effective Date, the definition of “Excess Cash Flow” set forth in Section 1.2 is hereby deleted in its entirety and replaced with the following: [Flotek] Fifth Amendment to A&R Credit Agreement
