Amendment to Section 8.7(b) Sample Clauses

The "Amendment to Section 8.7(b)" clause serves to modify the terms originally set out in Section 8.7(b) of an agreement. This amendment may involve changing deadlines, obligations, or procedures specified in that section, such as adjusting payment schedules or altering reporting requirements. By formally updating the original contract language, this clause ensures that the agreement remains accurate and reflects the parties' current intentions, thereby preventing misunderstandings and maintaining legal clarity.
Amendment to Section 8.7(b). The first sentence of Section 8.7(b) of the Loan Agreement is hereby amended and restated to read as follows: PPPLP will not, directly or indirectly, declare, order, make or set apart any sum for or pay any Restricted Payment (other than a redemption of the Capital Stock of departing owners to the extent made in the ordinary course); provided, however, PPPLP shall be permitted to make Restricted Payments described in clauses (a), (b) and (c) of the definition of Restricted Payment so long as (i) no Default or Event of Default has occurred or is continuing or would result therefrom, (ii) to the extent Revolving Loans are used to finance such Restricted Payment, the Credit Parties have demonstrated to the reasonable satisfaction of the Lender that, after giving effect to such Restricted Payment on a pro forma basis, the Credit Parties are in compliance with each of the financial covenants set forth in Section 7.10 and (iii) the aggregate amount of all Restricted Payments made by PPPLP in any Four Quarter Period shall not exceed an amount equal to 95% of the portion of Combined EBITDA determined as of the end of the Four Quarter Period most recently ended attributable to PPPLP during such Four Quarter Period.
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Related to Amendment to Section 8.7(b)

  • Amendment to Section 10.3. Section 10.3 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

  • Amendment to Section 6 1. Section 6.1 of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendment to Section 8 10. Section 8.10 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment to Section 12 4. Section 12.4 of the Credit ------------------------- ------------ Agreement is hereby amended and restated to read in its entirety as follows:

  • Amendment to Section 4 07. Section 4.07 of the Indenture is hereby amended and restated in its entirety to read as follows: