Amendment to Financial Covenants. Article V of the Credit Agreement is hereby amended to delete Section 5.7 therefrom and to insert in place thereof the following:
Amendment to Financial Covenants of the Credit Agreement is hereby amended to delete subsections (a) and (b) therefrom and to insert in place thereof, respectively, the following:
Amendment to Financial Covenants. Section 6.12 of the Credit Agreement is hereby amended and restated as follows:
Amendment to Financial Covenants. Sections 8.01, 8.02 and 8.03 of the Credit Agreement are hereby amended and restated in their entirety to read as follows:
Amendment to Financial Covenants. Section 5 of the Schedule to the Loan Agreement is hereby amended and restated to read as follows:
Amendment to Financial Covenants. Section 7.1 of the Existing Loan Agreement is hereby amended by deleting the Section in its entirety and substituting the following therefor:
Amendment to Financial Covenants. SECTION 8.3 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Financial Covenants. With effect from the successful completion of the transactions described in the Proxy Statement/Prospectus:
(i) Section 3.5(i)(ii) of the Mortgage Loan Purchase and Servicing Agreement is deleted in its entirety, and the following is substituted in place thereof:
(ii) Ensure that New Century Financial Corporation shall maintain, as of the last day of each of its fiscal quarters, a Tangible Net Worth not less than the sum of (1) $750,000,000, and (2) fifty percent (50%) of all increases in shareholders’ equity in New Century Financial Corporation attributable to issuances of common stock since October [ ], 20041.”
Amendment to Financial Covenants. Subject to -------------------------------- the Administrative Agent's receipt of this Agreement, duly executed by each of the Company, the Majority Lenders and the Administrative Agent, but effective as of the date hereof:
Amendment to Financial Covenants. The first sentence of Paragraph (d), “Interest Coverage Ratios,” of Section 12, “Covenants,” of the Forbearance Agreement is hereby amended to recite as follows:
