Amendments to Loan and Security Agreement Clause Examples

Amendments to Loan and Security Agreement. SECTION 2.1. Section 1.1 of the Loan and Security Agreement and Annex B to the Loan and Security Agreement shall each be amended by deleting “$230,000,000” where it appears therein and inserting in lieu thereof “$250,000,000”. SECTION 2.2. Section 1.1 of the Loan and Security Agreement shall be amended by deleting the definitions of “Non-Usage Fee Rate” and “Specified First Lien Loan Advance Rate” and inserting the following in lieu thereof and by inserting the following definition of “Tenth Amendment Effective Date” in the appropriate alphabetical order:

Amendments to Loan and Security Agreement. SECTION 2.1. Section 1.1 of the Loan and Security Agreement shall be amended by deleting the definitions of “Applicable Spread”, “Commitment Reduction Percentage”, “Facility Maturity Date” and “Revolving Period End Date” and inserting in lieu thereof the following:

Amendments to Loan and Security Agreement. The Loan and Security Agreement is hereby amended as follows: (a) Section 1.1(a) (Revolving Loan) is amended to extend the expiration date of Bank’s obligation to make advances under the Revolving Loan and evidenced by the Revolving Note from March 1, 2015 to October 1, 2016, and the reference to “March 1, 2015” in Section 1.1(a) is changed to “October 1, 2016”. (b) Section 2.2(i) is deleted in its entirety and replaced with the following:

Amendments to Loan and Security Agreement.  (a) The Loan and Security Agreement shall be amended as follows:  (i) Section 1.4. Section 1.4 of the Loan Agreement is hereby amended and restated by amending and restating the following definition in its entirety as follows: 

Amendments to Loan and Security Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 4 of this Amendment, the following amendments to the Loan and Security Agreement shall be effective as of the Effective Date (notwithstanding the date of execution of this Amendment) and for the periods thereafter: (a) Amendments to Section 1.1. (i) The definition of “Base Rate Margin” is hereby deleted in its entirety and the following is substituted therefor:

Amendments to Loan and Security Agreement. SECTION 2.1. Section 1.1 of the Loan and Security Agreement is hereby amended by deleting clause (g) of the definition of “Collateral Administrator Termination Event” in its entirety and replacing it with the following:

Amendments to Loan and Security Agreement. (a) The Loan and Security Agreement (excluding the schedules and exhibits thereto, which shall remain in full force and effect, except as specifically amended by Section 2 of this Amendment) is hereby amended as set forth in Annex A attached hereto such that all of the newly inserted double underlined text (indicated textually in the same manner as the following example: double-underlined text) and any formatting changes attached hereto shall be deemed to be inserted and all stricken text (indicated textually in the same manner as the following example: stricken text) shall be deemed to be deleted therefrom.

Amendments to Loan and Security Agreement. Each of the parties hereto agrees that, effective on the Third Amendment Effective Date, Schedule 4 to the existing Loan and Security Agreement shall be amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) as set forth in the pages of Schedule 4 to the Loan and Security Agreement attached as Schedule A hereto.

Amendments to Loan and Security Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 3 of this Amendment and effective as of the Seventh Amendment Effective Date (notwithstanding the date of execution of this Amendment), the Loan Agreement is hereby amended as follows: (a) Section 1.1 (Definitions). The Loan Agreement is hereby amended by deleting the definitions of Closing Date Term Loan Interest Rate, Additional Term Loan Interest Rate, and Third Amendment Term Loan Interest Rate in their entirety and inserting in lieu thereof the following: