Amendment of ABL Credit Agreement Sample Clauses

Amendment of ABL Credit Agreement. Do (or permit or cause to exist) the following under and in the ABL Credit Agreement (or the agent and lenders under the ABL: Credit Agreement do (or permit or cause to exist) the following under the ABL Credit Agreement)): (i) amend or modify the definitions in the ABL Credit Agreement of Availability Reserves (including all defined term used or referenced therein), Borrowing Base (including all defined term used or referenced therein), Cash Dominion Event, Eligible Credit Card Accounts Receivable, Eligible Inventory, Eligible In-Transit Inventory, Excess Availability, Fixed Charge Ratio, Fixed Charges, Line Cap, Pension Wind-up Deficit, Term Loan Push Down Reserve, Wind-up Reserve, Wind-up Reserve Period, (ii) increase any advance rates in respect of the ABL Borrowing Base, (iii) except relating to any mathematical calculation thereof, reduce or eliminate any Availability Reserve as in effect on the Effective Date, (iv) reduce or eliminate the Push-Down Reserve or the Wind-up Reserve, in each case, without Agent’s prior written consent, (v) fail to implement the Push-Down Reserve or the Wind-up Reserve, in each case, as requested by the Agent, (vi) include any Eligible In-Transit Inventory in the calculation of the ABL Borrowing Base, (vii) amend Section 5.03 of the ABL Credit Agreement as in effect on the date hereof and/or (viii) refinance or replace extensions of credit under the ABL Credit Agreement on terms that are materially adverse or disadvantageous to the Lenders without the consent of the Lenders, such consent not to be unreasonably withheld.
Sample 1
AutoNDA by SimpleDocs
Amendment of ABL Credit Agreement. The ABL Credit Agreement Amendment shall have become effective.
Sample 1
Amendment of ABL Credit Agreement. Effective as of the First Amendment Effective Date, the ABL Credit Agreement shall be amended as follows:
Sample 1

Related to Amendment of ABL Credit Agreement

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date (as defined below):

  • Amendment to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

  • Credit Agreement Amendment The Credit Agreement is hereby amended as follows:

  • The Credit Agreement (b) The Notes executed by the Borrower and delivered on the date hereof. The documents described in the foregoing clauses (a) and (b) are collectively referred to herein as the “Opinion Documents.” We have also reviewed originals or copies of such other agreements and documents as we have deemed necessary as a basis for the opinion expressed below. In our review of the Opinion Documents and other documents, we have assumed:

  • Amendments to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

  • Amendment to the Credit Agreement Effective as of the date first above written and subject to the execution of this Amendment by the parties hereto and the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement shall be and hereby is amended as follows:

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • to Credit Agreement COLLATERAL REPORTS Borrower shall deliver or cause to be delivered the following:

Time is Money Join Law Insider Premium to draft better contracts faster.