AMENDMENTS EFFECTIVE UPON ACQUISITION Clause Samples

AMENDMENTS EFFECTIVE UPON ACQUISITION. Upon the consummation of the transactions contemplated by the Acquisition Agreement, and so long as (i) no Potential Event of Default or Event of Default has occurred and is continuing at that time, or would result therefrom, and (ii) the Borrowers are in compliance on a pro forma basis with the financial covenants contained in Section 7.6 of the Amended Agreement (as defined below) for the preceding four fiscal quarters, assuming that the transactions contemplated by the Acquisition Agreement occurred at the beginning of such period, the terms of the Credit Agreement shall simultaneously therewith be amended as follows: