Specific amendments to Loan Agreement. With effect on and from the Effective Date the Loan Agreement shall be amended as follows:
Specific amendments to Loan Agreement. Article I, Definitions, is hereby amended by adding the following definitions thereto:
Specific amendments to Loan Agreement. Upon the effectiveness of this Amendment, the parties hereto agree that the Loan Agreement is amended as follows:
Specific amendments to Loan Agreement. In consideration of the agreement of the Lender contained in Clause 3.1 of this Supplemental Agreement, each of the Borrowers and the Guarantors hereby agrees with the Lender that upon satisfaction of the conditions referred to in Clause 4.1, the provisions of the Loan Agreement shall be varied and/or amended and/or supplemented with effect on and from the Effective Date as follows:
Specific amendments to Loan Agreement. With effect on and from the Effective Date the Loan Agreement shall be, and shall be deemed by this Agreement to be, amended and restated in the form of the Amended and Restated Loan Agreement; and, as so amended and restated, the Loan Agreement shall continue to be binding on each of the parties to it in accordance with its terms as so amended and restated.
Specific amendments to Loan Agreement. (a) by deleting the figure “10” before the word “days” and replacing it with the figure “5” in the definition of “Dividend Declaration Date” in Clause 1.1 thereof.
Specific amendments to Loan Agreement. (i) by adding in Clause 1.1 thereof the following definition:
Specific amendments to Loan Agreement. Article I is hereby amended by adding the following defined term thereto:
Specific amendments to Loan Agreement. Article I is hereby amended by adding or replacing the following defined terms therein: AMerger Agreement@ means that certain Agreement and Plan of Reorganization by and among Saba Petroleum Company, et al. and Omimex Resources, Inc., et al., being negotiated for execution among Borrower and Omimex Resources, Inc., a May 30, 1998 draft of which has been provided to Bank. AMezzanine Loan Maturity Date@ means July 31, 1998.
Specific amendments to Loan Agreement. The Loan Agreement is hereby amended as follows: (a) By adding the following new Sections 1.3 and 1.4 to the Loan Agreement: 1.3. "TELTRONICS" means Teltronics, Inc., a Delaware corporation, and its successors and assigns. 1.4. "ATS" means AT Supply, Inc., a Texas corporation, and its successors and assigns. (b) By adding the following sentence to the end of Section 2.3(e) of the Loan Agreement: THIS PARAGRAPH INCLUDES INDEMNIFICATION AGAINST LIABILITY, LOSSES, DAMAGES, SUITS, ACTIONS OR PROCEEDINGS CAUSED IN WHOLE OR IN PART BY THE NEGLIGENCE OF LENDER OR ITS DIRECTORS, OFFICERS, AGENTS, EMPLOYEES, PARTICIPANTS AND/OR ASSIGNS. (c) By deleting Section 9.9 of the Loan Agreement in its entirety and by substituting the following in lieu thereof: 9.9 THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE IN WHICH THE OFFICE OF LENDER SET FORTH IN SECTION 10.6(a)BELOW IS LOCATED, PROVIDED, THAT THE CREATION, PERFECTION AND PRIORITY OF ANY SECURITY INTEREST IN OR LIEN ON ANY COLLATERAL AND THE EXERCISE OF ANY RIGHT OR REMEDY WITH RESPECT TO ANY COLLATERAL SHALL BE GOVERNED BY THE SUBSTANTIVE LAWS OF THE STATE IN WHICH SUCH COLLATERAL IS LOCATED. 3 4 (d) By adding the following new sections to Section 9 of the Loan Agreement: 9.11. THIS AGREEMENT IS INTENDED BY THE BORROWERS AND THE LENDER TO BE THE FINAL COMPLETE AND EXCLUSIVE EXPRESSION OF THE AGREEMENT AMONG THEM WITH RESPECT TO THE SUBJECT MATTER HEREOF. THIS AGREEMENT SUPERSEDES ANY AND ALL PRIOR ORAL OR WRITTEN AGREEMENTS RELATING TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. NO MODIFICATION, RESCISSION, WAIVER, RELEASE OR AMENDMENT OF ANY PROVISION OF THIS AGREEMENT SHALL BE MADE, EXCEPT BY A WRITTEN AGREEMENT SIGNED BY THE BORROWERS AND A DULY AUTHORIZED OFFICER OF LENDER. 9.12.
