Amendment to Prepayment Provisions Sample Clauses

Amendment to Prepayment Provisions. Section 2.7 of the Credit Agreement is hereby amended to delete subsection (a) therefrom and to insert in place thereof the following:
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Amendment to Prepayment Provisions. Each of the Existing Notes is hereby amended by deleting the following sentence from the first paragraph thereof: “The Debtor may not prepay any portion of this Note without the consent of the Holder”, and insert in lieu thereof the following: “The Debtor shall have the right to prepay all or any portion of this Note without the consent of the Holder; provided, (a) such prepayment is approved by the majority of the members of the Debtor’s board of directors who are not beneficial owners of any portion the Existing Notes (as such term is defined in that certain agreement, dated as of January 29, 2010, among the Company and certain of the holders of the Debtor’s promissory notes due January 31, 2011); (b) any such prepayment is made on a pro rata basis on the outstanding principal amount of all Existing Notes; (c) the Debtor provides at least ten (10) business days prior written notice of such prepayment, specifying the amount of such prepayment and the date fixed for such prepayment; and (d) upon receipt of such prepayment notice, the Holder may convert, in lieu of such prepayment, at any time prior to the date fixed for such prepayment, all or any part of the principal amount and accrued and unpaid interest designated by the Company for prepayment.
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Amendment to Prepayment Provisions. (a)(i) of the Credit Agreement is hereby amended to delete the last sentence therefrom and to insert in place thereof the following: Each prepayment of (A) the Term Loan or the Capex Term Loan shall be applied to the principal installments thereof in the inverse order of their respective maturities, and (B) the Mexican Loan shall be applied to the principal installments thereof in the order of their respective maturities.
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Amendment to Prepayment Provisions. Section 2.12 of the Credit Agreement is amended to read in full as follows:
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Related to Amendment to Prepayment Provisions

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Amendment Provision The term "Note" and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented.

  • Amendment to Note By executing this Agreement, the Borrower and the Lender hereby agree and acknowledge that Section 1 of the Note is hereby amended by deleting "September 30, 2002" and inserting in the place of such deletion "October 31, 2002."

  • Notice and Terms of Optional Prepayment The Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile) of any optional prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of prepayment. Each such notice shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each such partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each such prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing and shall be accompanied by accrued interest to the extent required by Section 3.02.

  • Prepayment of Advances No Borrower shall have the right to prepay any principal amount of any Advances other than as provided in this Section 2.07.

  • Repayment of Advances If the identity of the Servicer shall change, the predecessor Servicer shall be entitled to receive reimbursement for outstanding and unreimbursed Simple Interest Advances made pursuant to Section 4.4 by the predecessor Servicer.

  • Amendment of Loan Agreement The Loan Agreement is hereby modified and amended as follows:

  • Amendment to the Loan Agreement Section 3.1 of the Loan Agreement shall be amended and restated as follows:

  • Payment and Prepayment of the Notes Section 8.1 Required Payment Section 8.2 Optional Prepayments with Make-Whole Amount Section 8.3 Change in Control

  • Amendment to Schedule The Grantor authorizes the Collateral Agent to modify this Agreement and the Assignments of Trademarks, without the necessity of such Grantor’s further approval or signature, by amending Schedule A hereto and the Annex to each Assignment of Trademarks to include any future or other Trademarks, Trademark Licenses, Trade Secrets or Trade Secret Licenses that become part of the Trademark Collateral under Section 2 or Section 3.1.

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