Amendments to the Financial Covenants Sample Clauses

Amendments to the Financial Covenants. The Parent Guarantor shall confirm that the above financial covenants are the applicable covenants in the Parent Guarantor’s principle revolving credit facility as of the date of this Agreement, (which, for the avoidance of doubt, is as of the date hereof the $300 million Multicurrency Facility Agreement dated as of 26 September 2014, among Gulfmark Americas, Inc. as original borrower; GulfMark Offshore, Inc. as original guarantor; The Royal Bank of Scotland PLC as agent of the other lenders; The Royal Bank of Scotland PLC as security trustee for the lenders thereunder; JPMorgan Chase Bank, N.A. and Wxxxx Fargo Bank, N.A. as letter of credit issuing banks; and JPMorgan Chase Bank, N.A. as swingline lender, which Multicurrency Facility Agreement was filed as an Exhibit to Form 8-K filed by the Parent Guarantor with the United States Securities and Exchange Commission on or about October 2, 2014).
Sample 1
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Amendments to the Financial Covenants. The Parent undertakes that it will negotiate in good faith with the Facility Agent acting reasonably (on behalf of the Lenders) with a view to agreeing within 30 days from 31st December, 2002 such amendments to the financial covenants and/or calculations in Clause 22.2(a) and Clause 22.2(b) of the definitions used or referred to in those clauses as are required to enable the Lenders to effectively monitor the Groups' financial performance during the period from 31st March, 2003 to the Senior Discharge Date.
Sample 1
Amendments to the Financial Covenants. The Parent Guarantor shall confirm that the above financial covenants are the applicable covenants in its other debt facility agreements as of the date of this Agreement. The Borrower agrees and acknowledge that the Finance Parties shall have the right to introduce (or amend) such other financial covenants as the Parent Guarantor have in its other debt facility agreements in such way that the Finance Parties have the same covenant set(s) as the other lenders to the Parent Guarantor or its Subsidiaries.
Sample 1

Related to Amendments to the Financial Covenants

  • Certain Financial Covenants The Borrower will not:

  • Additional Financial Covenants If the Company shall at any time enter into one or more agreements (including any amendment of an existing agreement) pursuant to which Senior Funded Debt in an aggregate principal amount greater than $30,000,000 shall be outstanding and such agreement contains one or more financial covenants which are more restrictive on the Company and its Subsidiaries than the financial covenants contained in this Agreement, then such more restrictive financial covenants and any related definitions (the “Additional Financial Covenants”) shall automatically be deemed to be incorporated into § 5 of this Agreement (including § 5.15(f) and (g)) by reference and § 6.1(e) shall be deemed to be amended to include such Additional Financial Covenants from the time such other agreement becomes binding upon the Company until such time as such other Senior Funded Debt is repaid in full and all commitments related thereto are terminated; provided, that if at the time of any such repayment or the termination of any such commitment a Default or Event of Default shall exist under this Agreement, then such covenants shall continue in full force and effect so long as such Default or Event of Default continues to exist. So long as such Additional Financial Covenants shall be in effect, no modification or waiver of such Additional Financial Covenants shall be effective unless the Holders of at least 51% in aggregate principal amount of the Notes shall have consented thereto pursuant to § 7.1 hereof. Promptly but in no event more than 10 Business Days following the execution of any agreement providing for Additional Financial Covenants, the Company shall furnish each holder of the Notes with a copy of such agreement. Upon written request of the Holders of at least 51% in aggregate principal amount of the Notes, the Company will enter into an amendment to this Agreement pursuant to which this Agreement will be formally amended to incorporate the Additional Financial Covenants on the terms set forth herein.

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Specific Financial Covenants During the term of this Agreement, and thereafter for so long as there are any Obligations to Lender, Borrower covenants that, unless otherwise consented to by Lender in writing, it shall:

  • Amendments to Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendments to the Original Agreement Subject to the terms and conditions of this Amendment, the Original Agreement is hereby amended and supplemented as follows:

  • Amendments to the Base Indenture The Base Indenture is hereby amended as follows:

  • AMENDMENTS TO THE AGREEMENT Except to the extent permitted by the Investment Company Act or the rules or regulations thereunder or pursuant to exemptive relief granted by the SEC, this Agreement may be amended by the parties only if such amendment, if material, is specifically approved by the vote of a majority of the outstanding voting securities of the Portfolio (unless such approval is not required by Section 15 of the Investment Company Act as interpreted by the SEC or its staff or unless the SEC has granted an exemption from such approval requirement) and by the vote of a majority of the Independent Trustees cast in person at a meeting called for the purpose of voting on such approval. The required shareholder approval shall be effective with respect to the Portfolio if a majority of the outstanding voting securities of the Portfolio vote to approve the amendment, notwithstanding that the amendment may not have been approved by a majority of the outstanding voting securities of any other Portfolio affected by the amendment or all the Portfolios of the Trust.

  • Amendments to Financing Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Financing Agreement is hereby amended as follows:

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

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