Examples of Second Amendment Effective Date in a sentence
The parties hereto hereby agree that, on and after the Second Amendment Effective Date, the Subject Lender shall be an “Extending Lender” for all purposes under the Credit Agreement and the other Loan Documents, all Commitments of the Subject Lender shall be available during the “Extended Availability Period”, and all Loans of the Subject Lender shall be “Extended Loans” maturing on the Extended Maturity Date.
Xxxxxxxx and Xxxxxx have duly executed this Second Amendment as of the Second Amendment Effective Date.
SECTION II.1. Subject to the occurrence of the Second Amendment Effective Date, the parties hereto hereby agree that Schedule I to the Existing Credit Agreement is amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages attached as Exhibit A hereto.
On the Second Amendment Effective Date, subject to the terms and conditions set forth herein, the Lender agrees to make an additional Term Loan to the Borrower in an aggregate principal amount of $6,000,000 (the “New Term Loan”).
Revolving Loans may be Base Rate Loans, BSBY RateTerm SOFR Loans, Alternative Currency Daily Rate Loans or Alternative Currency Term Rate Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Second Amendment Effective Date or any of the three (3) Business Days following the Second Amendment Effective Date shall be made as Base Rate Loans.