Amendment of Article 7. Article 7 of the Credit Agreement is hereby amended by adding Section 7.1.19 to such Article in appropriate numerical order:
Amendment of Article 7. Effective January 24, 1999, Article 7 of the Credit Agreement is hereby deleted in its entirety and the following substituted therefor:
Amendment of Article 7. Article 7 is hereby deleted in its entirety and replaced with the following revised Article 7:
Amendment of Article 7. Section 7.05 of the 364-Day Credit Agreement is hereby amended by inserting the following at the end thereof: "It is understood and agreed that the Collateral Agent shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of or the perfection or priority of any lien or security interest created or purported to be created under or in connection with, this Agreement or any instrument or document furnished pursuant hereto.".
Amendment of Article 7. (a) The first sentence of the first paragraph of Article 7 of the Original Organization Agreement is hereby amended and restated in its entirety as follows: The Project, including without limitation, any ownership, acquisition, development, and/or operation of the Project, (1) was initially financed by the issuance of bonds, notes and other evidence of indebtedness of IPA, and (2) may from time to time, after such initial financing, be financed, as determined by the Board of Directors, by the issuance of bonds, notes, or other evidence of indebtedness of IPA payable from and secured by the revenues, income, rents and receipts derived or to be derived from the sale of capacity and energy and transmission service and other benefits of the Project, and other available funds of IPA pledged to secure such indebtedness, including without limitation, amounts paid to IPA under power sales contracts with respect to the Project, subject, however, to the application of such revenues, income, rents, receipts, and other funds to the purposes and on the terms and conditions set forth in the bond or note resolutions of IPA securing such bonds, notes, or other evidence of indebtedness and as required by the Act.
Amendment of Article 7. Article 7 is hereby amended and restated in its entirety as follows: Effective the date of this Agreement, all unvested stock options identified on Schedule A hereto shall vest immediately. Notwithstanding anything to the contrary contained in the 2007 Equity Incentive Plan, as amended, or any option agreement, subject to approval of the Toronto Stock Exchange, upon termination of Continuous Service by Xx. Xxxxx, the post-termination exercise period of all stock options held by Xx. Xxxxx to acquire common stock of Gran Tierra shall be the earlier of (i) one year from the date of termination of Xx. Xxxxx’x Continuous Service (which term shall have the meaning ascribed to it in the 2007 Gran Tierra Energy Equity Incentive Plan), and (ii) the original expiration date of the term of the stock option being exercised. The Company shall in good faith use commercially reasonable efforts to obtain such approval from the Toronto Stock Exchange as soon as reasonably practicable following the execution of this Amendment.
Amendment of Article 7. All References in Section 7.1 and 7.2 of the Original Agreement to "January 31, 2001," are hereby amended and substituted in their entirety to be references to "February 16, 2001."
Amendment of Article 7. Article 7 of the Loan and Security Agreement is hereby amended by deleting Sections 7.1, 7.2, 7.3 and 7.4 in their entirety and replacing them with the following:
Amendment of Article 7. Effective on the date hereof, ---------------------- Article 7 is hereby amended by deleting the text of clause numbers (3) through (8), inclusive, of Section 7.01 and inserting in lieu thereof for each such deleted clause the following text: "[Intentionally deleted]".
