Amendment to Section 7.1 of the Credit Agreement. Section 7.1 of the Credit Agreement is hereby amended by adding immediately after Section 7.1.12 the following new Section 7.1.13:
Amendment to Section 7.1 of the Credit Agreement. Section 7.1, Financial Covenants, is hereby modified and amended by amending and restating subsection (b) thereof in its entirety as follows:
Amendment to Section 7.1 of the Credit Agreement. Section 7.1 of the Credit Agreement is hereby amended by deleting (i) clause (c) of such section in its entirety and (ii) the last paragraph of such section in its entirety.
Amendment to Section 7.1 of the Credit Agreement. Section 7.1(a) of the Credit Agreement is hereby amended by adding the following to the end of such Section before the semicolon: provided, that notwithstanding the foregoing, the financial statements in respect of the year ending December 31, 2012 may be delivered on or prior to April 15, 2013
Amendment to Section 7.1 of the Credit Agreement. (a) The table contained in Section 7.1(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: Consolidated Fixed Charge “Quarter Ending Coverage Ratio September 30, 2014 1.75:1.00 December 31, 2014 1.25:1.00 March 31, 2015 1.25:1.00 June 30, 2015 1.75:1.00 September 30, 2015 2.50:1.00 December 31, 2015 3.00:1.00 March 31, 2016 1.75:1.00 June 30, 2016 1.75:1.00 September 30, 2016 1.75:1.00 December 31, 2016 1.75:1.00 March 31, 2017 1.75:1.00 Thereafter 2.00:1.00”
Amendment to Section 7.1 of the Credit Agreement. (a) The table contained in Section 7.1(a) of the Credit Agreement is hereby amended by deleting “1.75:1.00” for the covenant level corresponding to the quarter ending September 30, 2016 and inserting “1.50:1.00” in lieu thereof.
Amendment to Section 7.1 of the Credit Agreement. Section 7.1 of the Credit Agreement is hereby amended by deleting the phrase "Recoton Canada" where it appears in clause (f) of such Section and substituting therefor the words "Canadian Subsidiaries."
Amendment to Section 7.1 of the Credit Agreement. Section 7.1 of the Credit Agreement is hereby amended to add a new sentence to the end thereof, which sentence shall read in its entirety as follows: Furthermore, Borrower shall, on or before the Permitted Supply and Offtake Transactions Commencement Date applicable to each Calumet Supply and Offtake Subsidiary, deliver to Agent (and Agent shall deliver to Lenders) an updated Borrowing Base Certificate prepared as of the close of business of the month immediately preceding such Permitted Supply and Offtake Transactions Commencement Date, adjusted to exclude from the Borrowing Base (i) all Accounts of such Calumet Supply and Offtake Subsidiary owed by the Calumet Supply and Offtake Counterparty, (ii) all Accounts of such Calumet Supply and Offtake Subsidiary which constitute or consist of insurance proceeds of any Hydrocarbon Inventory or any proceeds of such insurance proceeds, (iii) all Inventory of such Calumet Supply and Offtake Subsidiary, and (iv) without duplication of the foregoing, the Supply Offtake Independent Amount applicable to such Calumet Supply and Offtake Subsidiary.
Amendment to Section 7.1 of the Credit Agreement. Section 7.1 of the Credit Agreement is hereby amended by replacing such section in its entirety with the following:
