Amendments to the Credit Agreement Clause Samples
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Amendments to the Credit Agreement. SECTION 2.1. As of the Amendment Effective Date, the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example: bold and double-underlined text) as set forth on the pages of the Credit Agreement attached as Appendix A hereto.
Amendments to the Credit Agreement. (a) Section 1.01 of the Credit Agreement, Definitions, is hereby amended by adding the following definitions in the appropriate alphabetical order:
Amendments to the Credit Agreement. The Credit Agreement is hereby amended as follows:
(a) The following new definitions are hereby added to Section 1.2 of the Credit Agreement in proper alphabetical order to read as follows:
Amendments to the Credit Agreement. The Credit Agreement is hereby amended as follows:
Amendments to the Credit Agreement. 1.1 AMENDMENTS TO SECTION 1:
Amendments to the Credit Agreement. 1. With effect from the Amendment Effective Date, Section 1.01 of the Credit Agreement will be amended by adding the following new definition in correct alphabetical order:
Amendments to the Credit Agreement. The Credit Agreement is, subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, hereby amended as follows:
Amendments to the Credit Agreement. Subject to the terms and conditions set forth herein, the Credit Agreement is hereby amended, as of the Effective Date (defined below), as follows:
Amendments to the Credit Agreement. Effective as of the date first above written, the Credit Agreement is amended as follows:
2.1 The following sentence is added at the end of Section 2.05(a): "For the purpose of calculating the Commitment Fee in accordance with the provisions of this Section 2.05(a), the applicable interest rate during each fiscal quarter shall remain fixed until redetermination based upon the Borrowing Base and Total Indebtedness as of the close of business on the last day of the preceding fiscal quarter, as shown on the relevant Borrowing Base Certificate and the Total Indebtedness Certificate submitted pursuant to Section 5.04(d), (ii) any change in the interest rate pursuant to such redetermination shall be effective as of the date fifty (50) days following the end of the preceding fiscal quarter and (iii) the interest rate shall thereafter remain fixed until redetermination in accordance with the preceding provisions of this sentence, notwithstanding any change in the ratio of Total Indebtedness to the Borrowing Base."
2.2 The following sentence is added at the end of Section 2.05(c): "For the purpose of calculating the L/C Participation Fee in accordance with the provisions of this Section 2.05(c), the applicable interest rate during each fiscal quarter shall remain fixed until redetermination based upon the Borrowing Base and Total Indebtedness as of the close of business on the last day of the preceding fiscal quarter, as shown on the relevant Borrowing Base Certificate and the Total Indebtedness Certificate submitted pursuant to Section 5.04(d), (ii) any change in the interest rate pursuant to such redetermination shall be effective as of the date fifty (50) days following the end of the preceding fiscal quarter and (iii) the interest rate shall thereafter remain fixed until redetermination in accordance with the preceding provisions of this sentence, notwithstanding any change in the ratio of Total Indebtedness to the Borrowing Base."
2.3 The following clause is deleted from Section 2.06(b): "It is expressly agreed that the applicable interest rate margin over the Adjusted LIBO Rate set forth above shall remain fixed during each fiscal quarter, notwithstanding any decrease in the ratio of Total Indebtedness to the Borrowing Base during such fiscal quarter, subject only to the following exceptions:" and replaced by the following clause: "It is expressly agreed that during each fiscal quarter, (i) the applicable interest rate margin over the Adjusted LIBO Rate set f...
Amendments to the Credit Agreement. In reliance on the representations, warranties, covenants and agreements contained in this Amendment, but subject to the satisfaction of each condition precedent set forth in Section 2 hereof, the Credit Agreement shall be amended effective as of the date hereof in the manner provided in this Section 1.