Fifteenth Amendment definition
Examples of Fifteenth Amendment in a sentence
As of the Fifteenth Amendment Effective Date, the information included in the Beneficial Ownership Certification provided on or prior to the Fifteenth Amendment Effective Date to any Lender in connection with the Fifteenth Amendment, if applicable, is true and correct in all respects.
When used in the Loan and Security Agreement dated August 31, 2006, (as amended and restated as of the Fifteenth Amendment Effective Date and as at any time further amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), by and among Ashtead Holdings, LLC (“AHL”), a Delaware limited liability company, Sunbelt Rentals, Inc.
The effectiveness of the amendment and restatement of the Existing Loan Agreement pursuant to the Fifteenth Amendment is subject to the satisfaction of the conditions precedent set forth in Section 4 of the Fifteenth Amendment (or waiver thereof in accordance with the terms of the Fifteenth Amendment).
Amend, modify or otherwise change any of the terms or provisions in any of its Organization Documents as in effect on the Fifteenth Amendment Effective Date, except for changes that do not adversely affect in any material way such Obligor’s rights and obligations to enter into and perform the Loan Documents to which it is a party and to pay all of the Obligations and that do not otherwise have a Material Adverse Effect.
Furthermore, at Borrower Representative’s request, Collateral Agent may conduct further field exams, appraisals, audits and valuations of the Collateral in its reasonable discretion at US Borrowers’ expense; provided, further, that following the Fifteenth Amendment Effective Date, the Collateral Agent shall conduct at least one such appraisal, field exam and review of Borrowers’ books and records during the remaining term of this Agreement.