AMENDMENT AND RESTATEMENT OF. SECTION 1(C)(III). With respect to the Termination provisions set forth in Section 1(c), the Deadline Date is hereby extended and Section 1(c)(iii) is hereby amended and restated to read in its entirety as follows:
AMENDMENT AND RESTATEMENT OF. ARTICLE XI OF THE INDENTURE
AMENDMENT AND RESTATEMENT OF. SECTION 1.4, ARTICLES 10 AND 11 -------------------------------
AMENDMENT AND RESTATEMENT OF. SECTION 5, PARAGRAPH 1. Effective as of the date of execution of the Amendment, the second sentence of Section 5, Paragraph 1 of the Agreement is amended and restated to read in its entirety as follows:
AMENDMENT AND RESTATEMENT OF. SECTION 9.1 As of the date hereof, Section 9.1 is amended and restated as follows:
AMENDMENT AND RESTATEMENT OF. SECOND RESTATED CREDIT AGREEMENT
AMENDMENT AND RESTATEMENT OF. SECTION 2.3 OF THE LOAN AGREEMENT. Effective as of the date hereof, Section 2.3 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
AMENDMENT AND RESTATEMENT OF. PUERTO RICO COLLATERAL". Effective as of the date of this Amendment, the definition of "Puerto Rico Collateral" set forth in Appendix A to the Loan Agreement shall be amended and restated in its entirety as follows:
AMENDMENT AND RESTATEMENT OF. SECTION 8.8 OF THE LOAN AGREEMENT. Effective as of the date of execution of this Amendment, Section 8.8 of the Loan Agreement is hereby amended and restated to read in its entirety as follows: "The Borrower will not permit the Orderly Liquidation Value of its Qualified Domestic Rigs (including Domestic Rigs stored in inventory) and Mobile Rigs in which the Agent for the benefit of the Lenders has a first priority perfected security interest and Lien under the Security Documents and which are subject to no other Lien to be less than $225,000,000 at any time (based upon the Orderly Liquidation Value thereof as set forth in the then most recent Appraisal of Orderly Liquidation Value provided to or obtained by the Agent)."
AMENDMENT AND RESTATEMENT OF the Original Revolving Credit Agreement; Effect on the Original Revolving Credit Agreement 30 ARTICLE II AMOUNT AND TERMS OF COMMITMENT 31 Section 2.01. Revolving Commitment 31 Section 2.02. Repayment of Principal 31 Section 2.03. Payment of Interest 31 Section 2.04. Promissory Notes 33 Section 2.05. Fees 34 Section 2.06. Procedure for Borrowing 34 Section 2.07. Prepayments 35 Section 2.08. Repayment and Termination of Commitments upon a Change of Control 35 Section 2.09. Changes of Commitment 35 Section 2.10. Inability to Determine Interest Rate 36 Section 2.11. Benchmark Replacement Setting 37 Section 2.12. Pro Rata Treatment; Payments 39 Section 2.13. Illegality 40 Section 2.14. Increased Costs 41 Section 2.15. Taxes 42 Section 2.16. Indemnity 46 Section 2.17. Change of Applicable Lending Office; Assignment; Filings 46 Section 2.18. Defaulting Lender 47 ARTICLE III REPRESENTATIONS AND WARRANTIES 47 Section 3.01. Financial Statements 47 Section 3.02. No Change 48 Section 3.03. Corporate Existence; Properties; Compliance with Law 48 Section 3.04. Corporate Power; Authorization; Enforceable Obligations 48 Section 3.05. No Legal Bar 49 Section 3.06. No Material Litigation 49 Section 3.07. No Default 49 Section 3.08. Taxes 49 Section 3.09. Pari Passu Status 50 Section 3.10. Information 50 Section 3.11. Immunity; Enforcement 50 Section 3.12. Investment Company Act 50 Section 3.13. Affected Financial Institution 51 Section 3.14. Solvency 51 Section 3.15. Environmental Compliance 51 Section 3.16. ERISA Event 51 Section 3.17. FCPA, Sanctions and Anti-Money Laundering Laws 51 Section 3.18. Margin Regulations 52 Section 3.19. Beneficial Ownership Certification 52 ARTICLE IV CONDITIONS PRECEDENT 52 Section 4.01. [Reserved] 52 Section 4.02. Each Borrowing 52 Section 4.03. Conditions to Restatement Effectiveness 53 ARTICLE V COVENANTS 55 Section 5.01. Financial Statements 55 Section 5.02. Conduct of Business and Maintenance of Existence 56 Section 5.03. Compliance With Law; Authorizations 56 Section 5.04. Maintenance of Property; Insurance 57 Section 5.05. Payment of Taxes 57 Section 5.06. Books and Records 57 Section 5.07. Notices 57 Section 5.08. Pari Passu Obligations 58 Section 5.09. Consolidation, Amalgamation, Merger and Sale of Assets 58 Section 5.10. Liens 59 Section 5.11. Use of Proceeds 59 Section 5.12. Additional Guarantors 60 Section 5.13. Financial Covenant 60 Section 5.14. Sale and Leaseback Transactions 60 Section 5.15. Sanctions 61 Section 5.16. Appoi...
