Amendment Transactions Clause Samples
The Amendment Transactions clause defines the process and conditions under which changes or modifications to an existing agreement or contract can be made. Typically, this clause outlines the requirements for valid amendments, such as needing written consent from all parties involved or specifying authorized representatives who can approve changes. By establishing a clear procedure for making alterations, the clause ensures that any updates to the agreement are intentional, documented, and mutually agreed upon, thereby preventing misunderstandings or unauthorized modifications.
Amendment Transactions. (1) Subject to the terms and conditions set forth herein, each New Revolving Credit Lender severally agrees to make New Revolving Credit Commitments available to the Borrower from the Amendment No. 9 Effective Date in an amount equal to the amount set forth opposite its name on Schedule 1.01A hereto. On the Amendment No. 9 Effective Date, (x) the Existing Revolving Credit Commitments will be terminated and replaced with the New Revolving Credit Commitments of the New Revolving Credit Lenders as set forth on Schedule 1.01A hereto and (y) each Revolving Credit Lender that is not also a New Revolving Credit Lender will cease to be a Revolving Credit Lender.
(2) All Letters of Credit outstanding under the Credit Agreement on the Amendment No. 9 Effective Date shall remain outstanding under the Credit Agreement. Each New Revolving Credit Lender’s risk participation in each such Letter of Credit shall be determined in accordance with such New Revolving Credit Lender’s pro rata share, as provided in Section 2.03(c) of the Credit Agreement, as if such Letter of Credit had been issued on the Amendment No. 9 Effective Date immediately after giving effect to paragraph (a) above. For the avoidance of doubt, the Swing Line Lender and each L/C Issuer acting in such capacities immediately prior to the effectiveness of this Amendment shall continue to act in such capacities immediately following the effectiveness hereof.
(3) Each New Revolving Credit Lender and the Administrative Agent acknowledge that all notice requirements set forth in the Credit Agreement with respect to the refinancing and increase contemplated by this Amendment have been satisfied and no payment under Section 3.05 of the Credit Agreement shall be required as a result of any payment of any outstanding Revolving Credit Loans or Swing Line Loans on the Amendment No. 9
Amendment Transactions. Subject to the terms and conditions set forth herein, each Consenting Lender severally agrees to continue all of its Existing Loans as Loans under, and on the terms outlined in, the Amended Credit Agreement in an aggregate principal amount equal to the aggregate outstanding principal amount of its Existing Loans.
Amendment Transactions. All proceeds of the Revolving Loans incurred on the Amendment and Restatement Effective Date may be utilized (i) to replace, backstop or cash collateralize any existing letters of credit or surety bonds and (ii) to finance the Transaction and for working capital needs. All proceeds of the Revolving Loans incurred after the Amendment and Restatement Effective Date, and any Letters of Credit issued after the Amendment and Restatement Effective Date, will be used for working capital needs and general corporate purposes, including the financing of capital expenditures, Permitted Acquisitions and other permitted Investments, Dividends and any other purpose not prohibited hereunder.
Amendment Transactions. This Amendment concurrently constitutes a Refinancing Amendment and an Incremental Amendment. Subject to the satisfaction of the conditions set forth in Section 2 hereof, (a)(i) each Amendment No. 1 Term Lender will make Amendment No. 1 Term Loans in an amount set forth opposite its name on Schedule 1.01A hereto entitled “Amendment ▇▇. ▇ ▇▇▇▇ ▇▇▇▇▇”, (▇▇) the Company will prepay the entire remaining amount of the Refinanced Term Loans, together with accrued and unpaid interest thereon and (iii) each Amendment No. 1 Term Loan shall be deemed to be a “Term Loan” under the Credit Agreement and (b)(i) each Amendment No. 1 Revolving Credit Lender will make available to the Borrowers, Amendment No. 1 Revolving Credit Commitments in an amount equal to the amount set forth opposite its name on Schedule 1.01A hereto entitled “Amendment ▇▇. ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇”, (▇▇) the Refinanced Revolving Credit Commitments will be continued as Refinancing Revolving Credit Commitments and (iii) each Amendment No. 1 Revolving Credit Commitment and Amendment No. 1 Revolving Credit Loan shall be deemed to be a “Revolving Credit Commitment” and a “Revolving Credit Loan”, respectively, under the Credit Agreement.
Amendment Transactions. The Zion Acquisition and EnergySolutions’ and ZionSolutions’ decommissioning obligations related thereto shall be consummated pursuant to the Zion Agreements.
Amendment Transactions. (a) Subject to the terms and conditions set forth herein, each New Revolving Credit Lender severally agrees to make New Revolving Credit Commitments available to the Borrower from the Amendment No. 5 Effective Date in an amount equal to the amount set forth opposite its name on Schedule 1.01A hereto. On the Amendment No. 5 Effective Date, (x) the Existing Revolving Credit Commitments will be terminated and replaced with the New Revolving Credit Commitments of the New Revolving Credit Lenders as set forth on Schedule 1.01A hereto and (y) each Revolving Credit Lender that is not also a New Revolving Credit Lender will cease to be a Revolving Credit Lender.
(b) All Letters of Credit outstanding under the Credit Agreement on the Amendment No. 5 Effective Date shall remain outstanding under the Credit Agreement. Each New Revolving Credit Lender’s risk participation in each such Letter of Credit shall be determined in accordance with such New Revolving Credit Lender’s pro rata share, as provided in Section 2.03(c) of the Credit Agreement, as if such Letter of Credit had been issued on the Amendment No. 5 Effective Date immediately after giving effect to paragraph (a) above. For the avoidance of doubt, the Swing Line Lender and each L/C Issuer acting in such capacities immediately prior to the effectiveness of this Amendment shall continue to act in such capacities immediately following the effectiveness hereof.
(c) Each New Revolving Credit Lender and the Administrative Agent acknowledge that all notice requirements set forth in the Credit Agreement with respect to the refinancing and increase contemplated by this Amendment have been satisfied and no payment under Section 3.05 of the Credit Agreement shall be required as a result of any payment of any outstanding Revolving Credit Loans or Swing Line Loans on the Amendment No. 5
Amendment Transactions
Amendment Transactions