Amendment to Section 12 of the Forbearance Agreement Sample Clauses

Amendment to Section 12 of the Forbearance Agreement. (Consent to Sale of Real Property; Consent to Sale and Leaseback of Equipment). Section 12 of the Forbearance Agreement is amended and restated in its entirety to read as follows:
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Amendment to Section 12 of the Forbearance Agreement. Section 12 of the Forbearance Agreement is hereby amended by deleting the period at the end of the new Section 8.01(m) provided for therein and inserting the following language as a continuation of such subsection: “provided, that notwithstanding the foregoing, a rejection by SemMaterials, L.P. of the Terminalling and Storage Agreement shall not constitute an Event of Default during the Forbearance Period so long as the payment due thereunder (as modified by the Agreed Order Regarding Motion by SemGroup Energy Partners, L.P. dated September 8, 2008, entered in the Chapter 11 cases of SemGroup L.P. and its affiliated debtors), in January 2009 is timely received by the Borrower or the applicable affiliate thereof, it being understood and agreed that (i) any rejection of a Material Contract other than the Terminalling and Storage Contract as described in this subsection (m) shall constitute an Event of Default, subject to the 5-day renegotiation and/or replacement period described above, and (ii) any rejection of such Terminalling and Storage Agreement as described in this subsection (m), whether such rejection occurs during or after the Forbearance Period shall constitute an Event of Default upon the expiration of the Forbearance Period) (in the case of a rejection occurring during the Forbearance Period) or, subject to the 5-day renegotiation and/or replacement period described above, upon such rejection (in the case of a rejection occurring after the Forbearance Period); or”.
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Related to Amendment to Section 12 of the Forbearance Agreement

  • Amendment to Section 12 19. Section 12.19 is hereby amended and restated in its entirety to read as follows:

  • Amendment to Section 7 02. Section 7.02(c) of the Credit Agreement is amended and restated to read in its entirety as follows:

  • Amendment to Section 6 1. Section 6.1 of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendment to Section 10 1. Section 10.1 of the Credit Agreement is hereby amended and restated to read in its entirety as follows:

  • Amendment to Section 1.1 Section 1.1 of the Credit Agreement is hereby amended by inserting the following new definitions in the appropriate alphabetical order therein:

  • Amendment to Section 8 22. Section 8.22 of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendment to Section 4 07. Section 4.07 of the Indenture is hereby amended and restated in its entirety to read as follows:

  • Amendment to Section 1.01 Section 1.01 of the Credit Agreement shall be amended as follows: (a) The following definitions shall be added to Section 1.01 of the Credit Agreement in the appropriate alphabetical order:

  • Amendment to Section 1 Section 1 of the Agreement is hereby amended to read in its entirety as follows:

  • Amendment to Section 3 4. Section 3.4 of the Note is amended to read in its entirety as follows:

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