Amendment Number Five definition
Examples of Amendment Number Five in a sentence
This Amendment Number Five may be executed by each of the parties hereto on any number of separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument.
Reference to this Amendment Number Five need not be made in the Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby.
This Amendment Number Five shall be binding and inure to the benefit of the parties hereto and their respective successors and permitted assigns.
Seller agrees to pay to Buyer all reasonable out of pocket costs and expenses incurred by Buyer in connection with this Amendment Number Five (including all reasonable fees and out of pocket costs and expenses of the Buyer’s legal counsel) in accordance with Sections 23 and 25 of the Agreement.
Except as expressly amended and modified by this Amendment Number Five, the Agreement shall continue in full force and effect in accordance with its terms.
The proceeds of the 2023 Term Loan provided on the Fifth Amendment Effective Date, shall be used solely for (i) general corporate purposes, funding working capital and liquidity needs and (ii) certain fees and expenses associated with Amendment Number Five, in all cases, subject to the terms of this Agreement.
Seller, Buyer and Agent have caused this Amendment Number Five to be executed and delivered by their duly authorized officers as of the Amendment Effective Date.
The amount of the requested 2023 Term Loan on the Fifth Amendment Effective Date shall be $50,000,000 (net of any Lender Expenses to be paid in accordance with Amendment Number Five).
Upon satisfaction and/or waiver of the conditions set forth in Section 3 of Amendment Number Five, each Lender with a Term Loan Commitment applicable to the 2023 Term Loan agrees, severally and not jointly, to fund its Pro Rata Percentage of the 2023 Term Loan to the Borrower to such account specified in the Notice of Borrowing.
Seller and Buyer have caused this Amendment Number Five to be executed and delivered by their duly authorized officers as of the Amendment Effective Date.