Amendments to Credit Agreement Clause Samples
The "Amendments to Credit Agreement" clause defines the process and requirements for making changes to the terms of an existing credit agreement. Typically, this clause outlines who must consent to amendments—such as the borrower, lender, and sometimes a majority of lenders—and may specify the form that amendments must take, such as requiring written documentation. Its core function is to ensure that any modifications to the agreement are made transparently and with the appropriate approvals, thereby preventing unauthorized or unilateral changes and maintaining the integrity of the contractual relationship.
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Amendments to Credit Agreement. (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in appropriate alphabetical order:
Amendments to Credit Agreement. (a) The following definitions in Section 1.01 of the Credit Agreement are hereby amended to read as follows:
Amendments to Credit Agreement. The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, hereby amended as follows:
Amendments to Credit Agreement. On the Amendment Effective Date (as hereinafter defined), the Credit Agreement is hereby amended as follows:
(a) Section 1.1 of the Credit Agreement shall be amended by inserting the following definitions in the applicable alphabetical order:
Amendments to Credit Agreement. The Credit Agreement is hereby amended as follows:
(a) Section 1.01 of the Credit Agreement is hereby amended by inserting the following new defined term in appropriate alphabetical order therein:
Amendments to Credit Agreement. Subject to the satisfaction or waiver in writing of each condition precedent set forth in Section 3 of this Amendment, and in reliance on the representations, warranties, covenants and agreements contained in this Amendment, the Credit Agreement shall be amended in the manner provided in this Section 1.
Amendments to Credit Agreement. Effective as of the Amendment No. 3 Effective Date and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the Credit Agreement is hereby amended as follows:
(a) The following new defined terms are added to Section 1.01 of the Credit Agreement in appropriate alphabetical order:
Amendments to Credit Agreement. Subject to the satisfaction of the conditions precedent set forth below, the Credit Agreement is hereby amended as follows:
(a) Section 1.01 of the Credit Agreement is hereby amended by deleting the following definitions in their entirety and substituting the following therefor:
Amendments to Credit Agreement. Subject to the occurrence of the Bridge 2 Loan Closing Date, the Credit Agreement is hereby amended as follows:
(a) Each of the parties hereto hereby agrees that, notwithstanding anything to the contrary contained in the Credit Agreement or any other Loan Document, (i) all obligations of the Administrative Agent and the Lenders to make or maintain Eurodollar Rate Loans are hereby terminated as of the date hereof and Eurodollar Rate Loans shall be unavailable for the remainder of the term of the Credit Agreement and (ii) each Eurodollar Rate Loans existing on the date hereof in their current Interest Periods shall automatically be converted into a Base Rate Loan upon expiration of such Interest Period.
(b) Each of the parties hereto hereby agrees that, notwithstanding anything to the contrary contained in the Credit Agreement or any other Loan Document, (i) all Revolving Commitments are hereby permanently terminated as of the date hereof and (ii) no additional Revolving Loans shall be made thereunder; provided, however, that all existing Letters of Credit outstanding on the Bridge 2 Loan Closing Date shall continue to be outstanding in accordance with the terms of the Credit Agreement and the LSAA.
(c) Each of the parties hereto hereby agrees that, notwithstanding anything to the contrary contained in the Credit Agreement or any other Loan Document, no Swing Line Loans shall be available for borrowing from or after the date hereof.
(d) Each of the parties hereto hereby agrees that, notwithstanding anything to the contrary contained in the Credit Agreement (including, without limitation, Section 2.16 thereof) or any other Loan Document, no Incremental Facilities shall be available to the Borrower on or after the Bridge 2 Loan Closing Date and the reference to “$50,000,000” in Section 2.16(a) of the Credit Agreement shall be deemed to be “$0”.
(e) Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of “Bridge Loan Closing Date” in its entirety.
(f) Section 1.01 of the Credit Agreement is hereby amended by inserting in appropriate alphabetical order the following new definitions or, if already contained in such Section 1.01, restating such definitions in their entirety as follows:
Amendments to Credit Agreement. As of the Amendment Effective Date (as defined in Section 4 hereof), the Credit Agreement is hereby amended as follows: