PHASE I WAIVERS TO THE CREDIT AGREEMENT Sample Clauses

PHASE I WAIVERS TO THE CREDIT AGREEMENT. Effective as of January 30, 2000 and subject to the satisfaction of the conditions precedent set forth in Section 6(a), the Required Lenders hereby agree to waive (a) Section 5.02(k) of the Credit Agreement to permit the Borrowers to enter into an amendment to the IBMCC Agreement to reflect the terms set forth on Schedule I to this Amendment, (b) Section 5.02(f) of the Credit Agreement to permit the Borrowers to contribute the Property to the New Mortgage Subsidiaries, Section 5.01(j) of the Credit Agreement to exclude the New Mortgage Subsidiaries from the operation of Section 5.01(j) of the Credit Agreement and Section 5.02(q) to permit the creation of the New Mortgage Subsidiaries, and (c) Section 5.02(f) of the Credit Agreement to permit the contribution of the assets and business of the business to business Internet operations of MTS to the BtoB Subsidiary and further Investments in an aggregate amount outstanding not to exceed $15,000,000 at any time and Section 5.02(q) to permit the creation of the BtoB Subsidiary (it being understood that the provisions of Section 5.01(j) shall be applicable to the BtoB Subsidiary).
Sample 1
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Related to PHASE I WAIVERS TO THE CREDIT AGREEMENT

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

  • Amendment to the Credit Agreement Effective as of the date first above written and subject to the execution of this Amendment by the parties hereto and the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement shall be and hereby is amended as follows:

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date (as defined below):

  • of the Credit Agreement Section 5.28 of the Credit Agreements is hereby amended to read in its entirety as follows:

  • 01 of the Credit Agreement Section 1.01 of the Credit Agreement is hereby amended as follows:

  • Specific Amendments to Credit Agreement The parties hereto agree that the Credit Agreement is amended as follows:

  • Continuing Effect of the Credit Agreement This Amendment shall not constitute a waiver of any provision not expressly referred to herein and shall not be construed as a consent to any action on the part of the Borrowers or Guarantors that would require a waiver or consent of the Lenders or an amendment or modification to any term of the Loan Documents except as expressly stated herein. Except as expressly modified hereby, the provisions of the Credit Agreement and the Loan Documents are and shall remain in full force and effect.

  • References to the Credit Agreement Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

  • REFERENCE TO THE CREDIT AGREEMENT (a) Upon the effectiveness of this First Amendment, each reference in the Credit Agreement to "this Agreement", "hereunder", or words of like import shall mean and be a reference to the Credit Agreement, as affected and amended hereby.

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

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