Common use of Request for Amendment Clause in Contracts

Request for Amendment. 2.1 In accordance with Clause 38.1 (Required Consents) of the Facility Agreement, the Company hereby requests the consent of the Majority Lenders to the following amendment to the Facility Agreement: 2.2 Clause 20.2(a) (Interest Cover Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following: “On each Quarter Date, the Interest Cover Ratio shall not be less than: (i) in respect of any Relevant Period, beginning with the Relevant Period ending 31 March 2024 and up to and including the Relevant Period ending 31 December 2024, 2.25:1; and (ii) in respect of any Relevant Period thereafter, 2.50:1.” 2.3 Clause 20.2(b) (Leverage Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following: “On each Quarter Date, the Leverage Ratio in respect of any Relevant Period shall not be greater than 4.75:1.”

Appears in 1 contract

Sources: Term Loan Facility Agreement (IHS Holding LTD)

Request for Amendment. 2.1 In accordance with Clause 38.1 (Required Consents) of the Facility Agreement, the Company hereby requests the consent of the Majority Lenders to the following amendment to the Facility Agreement: 2.2 Clause 20.2(a) (Interest Cover Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following: “On each Quarter Date, the Interest Cover Ratio shall not be less than: (i) in respect of any Relevant Period, beginning with the Relevant Period ending 31 March 2024 and up to and including the Relevant Period ending 31 December 2024, 2.25:1; and (ii) in respect of any subsequent Relevant Period thereafterPeriod, 2.50:1.” 2.3 Clause 20.2(b) (Leverage Ratio) of the Facility Agreement shall be deleted in its entirety and replaced with the following: “On each Quarter Date, the Leverage Ratio in respect of any Relevant Period shall not be greater than 4.75:1.”

Appears in 1 contract

Sources: Term Loan Facility Agreement (IHS Holding LTD)