Limitation Upon Amendment of Loan Agreement Sample Clauses

Limitation Upon Amendment of Loan Agreement. Nothing contained in Sections 10.1 and 10.2 of this Indenture shall permit, or be construed as permitting, without the approval and consent of the Owners of all of the Bonds then Outstanding, (i) the extension of the time for any payment under the Loan Agreement or a reduction in the amount of any payment under the Loan Agreement, or (ii) the payment to any person other than the Trustee and the Tender Agent as provided herein of any amount (except amounts due under Sections 7.11, 8.5 and 9.3 of the Loan Agreement) due under the Loan Agreement. No amendment of the Loan Agreement may be entered into without the Trustee and the Issuer first receiving (a) a Favorable Opinion of Bond Counsel, and (b) written evidence from each Rating Agency then rating the Bonds (if the Bonds are then rated) to the effect that the appropriate Rating Agency has reviewed the amendment, and that the effectiveness thereof will not, by itself, result in a reduction or withdrawal of such Rating Agency's then current rating on the Bonds. The Trustee shall not be required to give its consent to any amendment of the Loan Agreement or the Tax Certificate which shall increase its duties,
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Related to Limitation Upon Amendment of Loan Agreement

  • Amendment of Loan Agreement The Loan Agreement is hereby amended as follows:

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Effect of Amendment and Restatement of the Existing Credit Agreement On the Closing Date, the Existing Credit Agreement shall be amended and restated in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation or termination of the “Obligations” (as defined in the Existing Credit Agreement) under the Existing Credit Agreement as in effect immediately prior to the Closing Date and which remain outstanding and (b) the “Obligations” (as amended and restated hereby and which are hereinafter subject to the terms herein) are in all respects continuing.

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Modification, Amendment and Waiver The authority of the Trustees hereunder to authorize the Trust to enter into contracts or other agreements or arrangements shall include the authority of the Trustees to modify, amend, waive any provision of supplement, assign all or a portion of, novate, or terminate such contracts, agreements or arrangements. The enumeration of any specific contracts in this Section 5.12 shall in no way be deemed to limit the power and authority of the Trustees as otherwise set forth in this Declaration of Trust to authorize the Fund to engage, contract with or make payments to such Persons as the Trustees may deem desirable for the transaction of the business of the Fund.

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

  • Modification of Loan Documents, etc Neither the Administrative Agent nor any other Secured Party shall incur any liability to any Guarantor as a result of any of the following, and none of the following shall impair or release this Guaranty or any of the obligations of any Guarantor under this Guaranty:

  • Reaffirmation of Loan Agreement Except as modified by the terms hereof, all of the terms and conditions of the Loan Agreement, as amended, and all other of the Existing Financing Agreements are hereby reaffirmed and shall continue in full force and effect as therein written.

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

  • Amendment to Existing Credit Agreement Subject to the occurrence of the Second Amendment Effective Date (as hereinafter defined), the Existing Credit Agreement is amended in accordance with this Article II.

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