Amending and Restating Agreement definition
Examples of Amending and Restating Agreement in a sentence
The Creditor Parties and the Borrower acknowledge that on 5 December 2007 the Lenders advanced to the Borrower the total amount of $89,000,000 which was used to part-finance the acquisition cost of the Ships and as at the date of the Second Amending and Restating Agreement, the principal amount outstanding is $37,366,864.
Subject to the other provisions of this Agreement, the Lenders shall make available to the Borrower a term loan facility not exceeding, originally, $170,000,000 which the parties have agreed to reduce, on the date of the Amending and Restating Agreement, to an amount not exceeding the lesser of (a) $150,000,000 (including the amount outstanding by way of principal under this Agreement on the date of the Amending and Restating Agreement, being $81,000,000) and (b) 60 per cent.
The following are the documents referred to in Clause 2.2(a) required on or prior to the date of the Amending and Restating Agreement.
At the date of the Amending and Restating Agreement, the Borrower is in compliance with Clauses 11.2, 11.4, 11.9 and 11.12.
The Borrower represents and warrants on the date of the Amending and Restating Agreement (which representations and warranties shall survive the execution of this Agreement and shall be deemed repeated throughout the Security Period on the last day of each Interest Period with respect to the facts and circumstances then existing) to each Creditor Party as follows.
PART A The following are the documents referred to in Clause 2.2(a) required on or prior to the date of the Amending and Restating Agreement.
Dear Sirs G▇▇▇▇▇▇▇ Maritime LLC – Facility Agreement dated [l] 2016 9 December 2016 and amended and restated by an Amending and Restating Agreement on [●] 2018 (the "Agreement") 1 We refer to the Agreement.
Dear Sirs G▇▇▇▇▇▇▇ Maritime LLC – Facility Agreement dated 9 December 2016 and amended and restated by an Amending and Restating Agreement on [●] 2018 (the "Agreement") 1 We refer to the Agreement.
At the date of the Amending and Restating Agreement, the Borrower is in compliance with Clauses 0, 0, 0 and 0.
Any of the conditions referred to in Clause 3.3 (conditions subsequent) of the 2022 Amending and Restating Agreement is not satisfied (or waived by the Agent) in writing within the time required by the Agent.