Amendments to U.S. Credit Agreement Clause Examples
The "Amendments to U.S. Credit Agreement" clause defines the process and requirements for making changes to the terms of an existing credit agreement governed by U.S. law. Typically, this clause outlines who must consent to amendments—such as the borrower, lender, and sometimes a majority of lenders—and may specify procedures for proposing, negotiating, and documenting any modifications. Its core function is to provide a clear, agreed-upon mechanism for updating the agreement, ensuring that all parties understand how changes can be made and preventing disputes over unauthorized or informal modifications.
Amendments to U.S. Credit Agreement. A. Section 1.1 of the U.S. Credit Agreement is hereby amended by inserting the following definitions to such Section:
Amendments to U.S. Credit Agreement. A. The definition of "Indebtedness" in Section 1.1 of the U.S. Credit Agreement hereby is amended in its entirety to read as follows:
Amendments to U.S. Credit Agreement. In reliance on the representations and warranties of the U.S. Borrower and the Canadian Borrower contained herein, and subject to the terms, and satisfaction of the conditions precedent, set forth in Section XI hereof, the U.S. Credit Agreement shall be amended effective as of the Effective Date in the manner provided in this Section I:
Amendments to U.S. Credit Agreement. A. The definition of “Applicable Margin” contained in Section 1.1 of the U.S. Credit Agreement is hereby amended in its entirety to read as follows:
Amendments to U.S. Credit Agreement. A. Sections 7.1(a)(ii) and (iii) of the U.S. Credit Agreement hereby are amended in their entirety to read as follows:
(A) Senior Notes in an aggregate principal amount not to exceed at any one time U.S.$675,000,000; and (B) Subordinated Debt with an aggregate principal amount outstanding not to exceed the sum of U.S.$200,000,000 less any increase in the principal amount of Subordinated Indebtedness-101/2% Senior Subordinated Notes not otherwise permitted under Section 7.1(a)(iii) in excess of the principal amount for such notes set forth on Schedule 7.1(a);
Amendments to U.S. Credit Agreement. A. Section 1.01 of the U.S. Credit Agreement hereby is amended by inserting the following definitions of "Senior Notes" and "Senior Notes Document" in appropriate alphabetical order:
Amendments to U.S. Credit Agreement. A. Section 1.1 of the U.S. Credit Agreement hereby is amended by inserting the following definition of "2003 Special Stock Repurchase" in appropriate alphabetical order:
Amendments to U.S. Credit Agreement. A. The definition of “Permitted Investments” contained in Section 1.1 of the U.S. Credit Agreement hereby is amended by (i) revising subsection (k) thereof in its entirety to read as follows:
Amendments to U.S. Credit Agreement. Section 1.1 of the U.S. Credit Agreement hereby is amended by amending and restating the following definitions of "Alternate Base Rate", "Lantern Sale and Leaseback" and "Total Debt" in their entirety to read as follows:
Amendments to U.S. Credit Agreement. A. Section 1.1 of the U.S. Credit Agreement hereby is amended by inserting the following definitions of “Alaska Assets”, “Forest Holdco” and “Forest Opco” in appropriate alphabetical order: