Third Modification Agreement definition

Third Modification Agreement means the third credit agreement modification agreement dated as of September 19, 2016 between the Borrower, the Guarantor, the Agent and the Lenders;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Third Modification Agreement. Third Allonge", "Fourth Modification Agreement", "Fourth Allonge", "Fifth Modification Agreement", "Fifth Allonge", "Sixth Modification Agreement", "Sixth Allonge", "Seventh Allonge" and "Seventh Modification Agreement"; (iv) in Article II, Section 2.4 of the Loan Agreement, amending and modifying the interest rate options from the then existing interest rate options of (a) Base Rate or (b) two and one-quarter percent (2.25%) over the Eurodollar Rate to the new interest rate options of (1) Base Rate minus one quarter percent (0.25%) or (2) one and one-half percent (1.5%) over the Eurodollar Rate; (v) in Article II, Section 2.11 of the Loan Agreement, deleting the unused commitment fee; (vi) in the Loan Documents, deleting any and all references to the then existing maturity date of "May 31, 1998" and inserting a new maturity date of "May 31, 1999" in their place and stead; (vii) in Article V of the Loan Agreement, providing for a new Section 5.23 with respect to the year 2000; (viii) in the Loan Documents, providing that any and all references to the "Revolving Note" shall be deemed to refer to the Revolving Note as amended and modified up through and including the Seventh Allonge; and (ix) in the Loan Documents, providing that any and all references to the "Loan Agreement" shall be deemed to refer to the Loan Agreement as amended and modified up through and including the Seventh Modification Agreement; and

Third Modification Agreement means that certain Consent and Modification Agreement dated as of January __, 2020, as amended, restated, renewed, supplemented or otherwise modified from time to time.

Examples of Third Modification Agreement in a sentence

Borrower agrees that this Third Modification Agreement and all of the covenants and agreements contained herein shall be binding upon Borrower and shall inure to the benefit of Lender and each of their respective heirs, executors, legal representatives, successors, and permitted assigns.
In the event of an inconsistency between this Third Modification Agreement and the terms of the Note or of the Liens, this Third Modification Agreement shall govern.
This Third Modification Agreement shall be construed without regard to any presumption or rule requiring that it be construed against the party causing this Third Modification Agreement or any part hereof to be drafted.
Borrower agrees to pay such costs and expenses to Lender immediately upon the execution of this Third Modification Agreement.
Nothing contained in this Third Modification Agreement is intended to or shall be construed as relieving any person or entity, whether a party to this Third Modification Agreement or not, of any of such person's or entity's obligations to Lender.
Borrower hereby confirms and agrees that Lender's security interest in all of the collateral previously pledged to Lender pursuant to the Loan Documents shall continue to secure the payment and performance of all of Borrower's Obligations to Lender, as modified by this Third Modification Agreement.
Borrower further agrees that such liens are hereby ratified and affirmed as valid and subsisting against the collateral described therein, and that this Third Modification Agreement shall in no manner vitiate, affect or impair the Note or the Liens (except as expressly modified in this Third Modification Agreement) and that such Liens shall not in any manner be waived, released, altered or modified.
The Loan Agreement and this Third Modification Agreement, together with the other Loan Documents, constitute the entire agreement and understanding among the parties relating to the subject matter hereof, and supersedes all prior proposals, negotiations, agreements and understandings relating to such subject matter.
The Loan Agreement was previously modified by that Modification Agreement dated as of February 5, 1998, that Second Modification Agreement dated as of August 13, 1998, that Third Modification Agreement dated as of April 30, 1999, that Fourth Modification Agreement dated as of August 3, 1999, that Fifth Modification Agreement dated as of November 1, 1999 and that Sixth Modification Agreement dated as of March 2, 2000.
Notwithstanding anything to the contrary contained in the Loan Agreement or the other Loan Documents, in the event of a conflict between the terms of this Third Modification Agreement (on the one hand) and the Loan Agreement or other Loan Documents (on the other hand), the terms of this Third Modification Agreement shall control.

More Definitions of Third Modification Agreement

Third Modification Agreement means, collectively, that certain (i) Third Modification Agreement (Long Form) and (ii) Third Modification Agreement (Short Form), among the Borrower, the Bondowner Representative, and the Trustee, each dated as of May 1, 2024.

Third Modification Agreement. Means that certain Third Modification Agreement made as of July 16, 2014, by and among Borrower, Agent and the Lenders party thereto."