Common use of Amendment to Section 2 of the Credit Agreement Clause in Contracts

Amendment to Section 2 of the Credit Agreement. Section 2 of the Credit Agreement is hereby amended as follows: (a) Section 2.1(a) of the Credit Agreement is hereby amended by inserting at the end of the text of Section 2.1(a)(iv) the following new subparagraph (v): (v) Notwithstanding anything to the contrary contained in Sections 2.1(a)(ii) and (iii) hereof, on or prior to 10:00 a.m. on July 18, 2008 the Borrowers may make a written request to the Administrative Agent and the Lenders requesting that the Seasonal Overline Period which ended on June 30, 2008 be reinstated for the period of July 21, 2008 through August 31, 2008 (the “Seasonal Overline Extension Period”), provided, to the extent such request is approved in accordance with the terms hereof and the Borrowers desire to increase the Total WC Revolver Commitment during this Seasonal Overline Extension Period as contemplated by Sections 2.1(a)(ii) and (iii), the Borrowers shall provide to the Administrative Agent a subsequent written notice stating the amount of the increase in the Total WC Revolver Commitment being requested at such time and the provisions of Sections 2.1(a)(ii) and (iii) shall apply in all respects (including, without limitation, the need to provide such notice one (1) Business Day prior to such increase being effective). Each Lender with a WC Revolver Commitment and which has a commitment to lend its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Period shall provide the Administrative Agent with written notice by not later than noon (Boston time) on July 21, 2008 as to whether such Lender consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount that may be requested during the Seasonal Overline Extension Period. Any Lender which does not consent to fund its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Extension Period shall have no obligation to fund any portion of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period, and any Lender which consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period shall be obligated, subject to the terms and conditions of this Credit Agreement, to fund its Applicable Percentage thereof in accordance with the terms of this Credit Agreement. Schedule 2.1 to the Credit Agreement shall be modified on July 21, 2008 to give effect to any changes thereto as a result of any Lender agreeing to reinstate its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount being requested during the Seasonal Overline Extension Period as a result of this Section 2.1(a)(v) and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1. In addition, to the extent the Borrowers subsequently request an increase in the Total WC Revolver Commitment during the Seasonal Overline Extension Period, at the time of the effectivness thereof the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to the new Total WC Revolver Commitment and the Applicable Percentages thereof. On September 1, 2008, Schedule 2.1 to the Credit Agreement shall be further modified, if applicable, to give effect to any changes thereto as a result of the Seasonal Overline Extension Period having terminated, the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to any reallocations and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1. (b) Section 2.7 of the Credit Agreement is hereby amended by deleting Sections 2.7(a), 2.7(b) and 2.7(c) in their entirety and restating them as follows:

Appears in 1 contract

Samples: Credit Agreement (Global Partners Lp)

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Amendment to Section 2 of the Credit Agreement. Section 2 of the Credit Agreement is hereby amended as follows: (a) Section 2.1(a2.1(a)(i) of the Credit Agreement is hereby amended by deleting the words “provided, however, that after giving effect to any Borrowing of a WC Revolver Loan (i) the Total WC Revolver Outstandings shall not exceed the lesser of (1) the Total WC Revolver Commitment as in effect on such date and (2) the Borrowing Base at such time” which appear in the first sentence of Section 2.1(a)(i) and substituting in place thereof the words “provided, however, that after giving effect to any Borrowing of a WC Revolver Loan (i) the Total WC Revolver Outstandings shall not exceed the lesser of (1) the Total WC Revolver Commitment as in effect on such date and (2) the Borrowing Base at such time minus the Availability Limitation Amount at such time”. (b) Section 2.2(f) of the Credit Agreement is hereby amended by inserting at the end of the text of Section 2.1(a)(iv) thereof the following new subparagraph (v): (v) Notwithstanding anything to sentence: “In addition, the contrary contained in Sections 2.1(a)(ii) and (iii) hereof, on or prior to 10:00 a.m. on July 18, 2008 Availability Limitation Amount shall be determined at the times the Borrowers determine their Borrowing Base (or at such other interval as may make be specified by the Administrative Agent) by the Administrative Agent by reference to a written request report delivered by the Borrowers to the Administrative Agent and the Lenders requesting that the Seasonal Overline Period which ended on June 30, 2008 be reinstated for the period of July 21, 2008 through August 31, 2008 (the “Seasonal Overline Extension Period”), provided, to the extent such request is approved in accordance with the terms hereof and Borrowing Base Report which report details the Borrowers desire to increase the Total WC Revolver Commitment during this Seasonal Overline Extension Period as contemplated by Sections 2.1(a)(ii) and (iii), the Borrowers shall provide to information necessary for the Administrative Agent a subsequent written notice stating to determine the amount of the increase in the Total WC Revolver Commitment being requested at such time and the provisions of Sections 2.1(a)(ii) and (iii) shall apply in all respects (including, without limitation, the need to provide such notice one (1) Business Day prior to such increase being effective). Each Lender with a WC Revolver Commitment and which has a commitment to lend its Applicable Percentage of the Facility Increase Swap Termination Value Amount and Incremental Facility Increase Amount during the Seasonal Overline Period shall provide the Administrative Agent with written notice by not later than noon (Boston time) on July 21Setoff Amount, 2008 as to whether such Lender consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount that may be requested during the Seasonal Overline Extension Period. Any Lender which does not consent to fund its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Extension Period shall have no obligation to fund any portion of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period, and any Lender which consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period shall be obligated, subject to the terms and conditions of this Credit Agreement, to fund its Applicable Percentage thereof in accordance with the terms of this Credit Agreement. Schedule 2.1 to the Credit Agreement shall be modified on July 21, 2008 to give effect to any changes thereto as a result of any Lender agreeing to reinstate its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount being requested during the Seasonal Overline Extension Period as a result of this Section 2.1(a)(v) and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1. In addition, to the extent the Borrowers subsequently request an increase in the Total WC Revolver Commitment during the Seasonal Overline Extension Period, at the time of the effectivness thereof the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to the new Total WC Revolver Commitment and the Applicable Percentages thereof. On September 1, 2008, Schedule 2.1 to the Credit Agreement shall be further modified, if applicable, to give effect to any changes thereto as a result of the Seasonal Overline Extension Period having terminated, the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to any reallocations and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1.”. (bc) Section 2.7 2.3(a)(i) of the Credit Agreement is hereby amended by deleting Sections 2.7(a)the words “provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, 2.7(b(x) the Total WC Revolver Outstandings shall not exceed the lesser of (i) the Total WC Revolver Commitments as in effect at such time and (ii) the Borrowing Base at such time” which appear in the first sentence of Section 2.3(a)(i) and 2.7(csubstituting in place thereof the words “provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total WC Revolver Outstandings shall not exceed the lesser of (i) the Total WC Revolver Commitments as in their entirety effect at such time and restating them as follows:(ii) the Borrowing Base at such time minus the Availability Limitation Amount at such time”. (d) Section 2.4(b) of the Credit Agreement is hereby amended by deleting the words “If for any reason (i) the Total WC Revolver Outstandings at any time exceed the lesser of (1) the Total WC Revolver Commitments then in effect and (2) the Borrowing Base at such time” which appear in the first sentence of Section 2.4 and substituting in place thereof the words “ If for any reason (i) the Total WC Revolver Outstandings at any time exceed the lesser of (1) the Total WC Revolver Commitments then in effect and (2) the Borrowing Base at such time minus the Availability Limitation Amount at such time”.

Appears in 1 contract

Samples: Credit Agreement (Global Partners Lp)

Amendment to Section 2 of the Credit Agreement. Section 2 of the Credit Agreement is hereby amended as follows: (a) Section 2.1(a) of the Credit Agreement is hereby amended by inserting at the end of the text of Section 2.1(a)(iv) the following new subparagraph (v): (v) Notwithstanding anything to the contrary contained in Sections 2.1(a)(ii) and (iii) hereof, on or prior to 10:00 a.m. on July 18, 2008 the Borrowers may make a written request to the Administrative Agent and the Lenders requesting that the Seasonal Overline Period which ended on June 30, 2008 be reinstated for the period of July 21, 2008 through August 31, 2008 (the “Seasonal Overline Extension Period”), provided, to the extent such request is approved in accordance with the terms hereof and the Borrowers desire to increase the Total WC Revolver Commitment during this Seasonal Overline Extension Period as contemplated by Sections 2.1(a)(ii) and (iii), the Borrowers shall provide to the Administrative Agent a subsequent written notice stating the amount of the increase in the Total WC Revolver Commitment being requested at such time and the provisions of Sections 2.1(a)(ii) and (iii) shall apply in all respects (including, without limitation, the need to provide such notice one (1) Business Day prior to such increase being effective). Each Lender with a WC Revolver Commitment and which has a commitment to lend its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Period shall provide the Administrative Agent with written notice by not later than noon (Boston time) on July 21, 2008 as to whether such Lender consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount that may be requested during the Seasonal Overline Extension Period. Any Lender which does not consent to fund its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Extension Period shall have no obligation to fund any portion of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period, and any Lender which consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period shall be obligated, subject to the terms and conditions of this Credit Agreement, to fund its Applicable Percentage thereof in accordance with the terms of this Credit Agreement. Schedule 2.1 to the Credit Agreement shall be modified on July 21, 2008 to give effect to any changes thereto as a result of any Lender agreeing to reinstate its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount being requested during the Seasonal Overline Extension Period as a result of this Section 2.1(a)(v) and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1. In addition, to the extent the Borrowers subsequently request an increase in the Total WC Revolver Commitment during the Seasonal Overline Extension Period, at the time of the effectivness thereof the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to the new Total WC Revolver Commitment and the Applicable Percentages thereof. On September 1, 2008, Schedule 2.1 to the Credit Agreement shall be further modified, if applicable, to give effect to any changes thereto as a result of the Seasonal Overline Extension Period having terminated, the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to any reallocations and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1. (b) Section 2.7 of the Credit Agreement is hereby amended by deleting Sections 2.7(a)the words "PROVIDED, 2.7(bthat the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) PLUS the Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the Total Commitment" which appear in the first sentence of Section 2.1 and substituting in place thereof the words "PROVIDED, that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) PLUS the Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (a) the Total Commitment and (b) the Borrowing Base and, provided, further, that the sum of the outstanding amount of the Revolving Credit Loans (after giving effect to all amounts requested) PLUS the outstanding amount of the Acquisition Loans, PLUS the Maximum Drawing Amount and all Unpaid Reimbursement Obligations shall not at any time exceed the lesser of (a) the sum of the Total Commitment and the Total Acquisition Commitment and (b) the Borrowing Base". (b) Section 2.2 of the Credit Agreement is hereby amended by deleting the words "a commitment fee calculated at the applicable Commitment Fee Rate on the" and substituting in place thereof the words "a commitment fee calculated at the rate of one half of one percent (1/2%) per annum on the". (c) Section 2.3 of the Credit Agreement is hereby amended by deleting Section 2.3.2 in its entirety. (d) Section 2.5 of the Credit Agreement is hereby amended by (i) deleting the words "rate per annum equal to the Base Rate PLUS the Applicable Margin with respect to Base Rate Loans" which appears in Section 2.5(a) and 2.7(csubstituting in place thereof the words "rate of one and one-half percent (1 1/2%) per annum above the Base Rate"; and (ii) deleting the words "rate per annum equal to the LIBOR Rate determined for such Interest Period PLUS the Applicable Margin with respect to LIBOR Rate Loans" which appears in their Section 2.5(b) and substituting in place thereof the words "rate of three percent (3%) per annum above the LIBOR Rate determined for such Interest Period". (e) Section 2.6 of the Credit Agreement is hereby amended by deleting Section 2.6 in its entirety and restating them it as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

Amendment to Section 2 of the Credit Agreement. Section 2 of the Credit Agreement is hereby amended as follows: (a) Section 2.1(a2.01(a) of the Credit Agreement is hereby amended by inserting at the end of the text of deleting Section 2.1(a)(iv2.01(a) the following new subparagraph (v):in its entirety and restating it as follows: (va) Notwithstanding anything to the contrary contained in Sections 2.1(a)(ii) and (iii) hereof, on or prior to 10:00 a.m. on July 18, 2008 the Borrowers may make a written request to the Administrative Agent and the Lenders requesting that the Seasonal Overline Period which ended on June 30, 2008 be reinstated for the period of July 21, 2008 through August 31, 2008 (the “Seasonal Overline Extension Period”), provided, to the extent such request is approved in accordance with the terms hereof and the Borrowers desire to increase the Total WC Revolver Commitment during this Seasonal Overline Extension Period as contemplated by Sections 2.1(a)(ii) and (iii), the Borrowers shall provide to the Administrative Agent a subsequent written notice stating the amount of the increase in the Total WC Revolver Commitment being requested at such time and the provisions of Sections 2.1(a)(ii) and (iii) shall apply in all respects (including, without limitation, the need to provide such notice one (1) Business Day prior to such increase being effective). Each Lender with a WC Revolver Commitment and which has a commitment to lend its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Period shall provide the Administrative Agent with written notice by not later than noon (Boston time) on July 21, 2008 as to whether such Lender consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount that may be requested during the Seasonal Overline Extension Period. Any Lender which does not consent to fund its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Extension Period shall have no obligation to fund any portion of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period, and any Lender which consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period shall be obligated, subject Subject to the terms and conditions of this Credit Agreementset forth herein, each Lender severally agrees to fund its Applicable Percentage thereof in accordance with the terms of this Credit Agreement. Schedule 2.1 make loans (each such loan, a “WC Loan”) to the Credit Agreement shall be modified Borrowers from time to time, on July 21any Business Day during the Availability Period, 2008 in an aggregate amount not to give exceed at any time outstanding the amount of such Lender’s WC Commitment; provided, however, that after giving effect to any changes thereto Committed Borrowing of a WC Loan (i) the Total WC Outstandings shall not exceed the Aggregate WC Commitment as a result in effect on such date, (ii) Total WC Outstandings other than the maximum drawing amount of any Lender agreeing to reinstate its issued and outstanding Product Under Contract LC shall not exceed the Borrowing Base at such time, and (iii) the aggregate Outstanding Amount of the WC Loans of any Lender, plus such Lender’s Applicable Percentage of the Facility Increase Outstanding Amount of all L/C Obligations plus such Lender’s Applicable Percentage of its participating interest in any outstanding Swing Line Loans shall not exceed such Lender’s WC Commitment. Within the limits of each Lender’s WC Commitment, and Incremental Facility Increase Amount being requested during subject to the Seasonal Overline Extension Period as a result of other terms and conditions hereof, the Borrowers may borrow under this Section 2.1(a)(v) 2.01(a), prepay under Section 2.04, and reborrow under this Section 2.01(a). WC Loans may be Base Rate Loans, Cost of Funds Rate Loans or Eurodollar Rate Loans, as further provided herein. The proceeds of any WC Loan shall be used to finance the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1. In addition, to the extent the Borrowers subsequently request an increase in the Total WC Revolver Commitment during the Seasonal Overline Extension Period, at the time working capital needs of the effectivness thereof the Lenders shall make reallocations Borrowers, including financing of the outstanding WC Revolver Loans among themselves to give effect to the new Total WC Revolver Commitment and the Applicable Percentages thereof. On September 1, 2008, Schedule 2.1 to the Credit Agreement shall be further modified, if applicable, to give effect to any changes thereto as a result of the Seasonal Overline Extension Period having terminated, the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to any reallocations and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1Capital Expenditures other than Acquisition Capital Expenditures. (b) Section 2.7 2.01(b) of the Credit Agreement is hereby amended by deleting Sections 2.7(a), 2.7(b) and 2.7(cSection 2.01(b) in their its entirety and restating them it as follows:

Appears in 1 contract

Samples: Credit Agreement (Global Partners Lp)

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Amendment to Section 2 of the Credit Agreement. Section 2 of the Credit Agreement is hereby amended as follows: (a) Section 2.1(a2.01 of the Credit Agreement is hereby amended by inserting immediately after the end of the text of Section 2.01 the following: “Notwithstanding anything to the contrary contained in this Section 2.01 or elsewhere in the Credit Agreement, from April 12, 2007 through the date on which the Subordinated Notes have been repaid in full in cash and all obligations thereunder and under the Subordinated Debt Documents have been retired in full, the Borrower shall only be permitted to request Committed Loans, and the Lenders shall only be obligated to make such Committed Loans, to fund an Accelerated Subdebt Repayment, and/or Permitted Repurchases.” (b) Section 2.03(a)(i) of the Credit Agreement is hereby amended by inserting at immediately after the end of the text of Section 2.1(a)(iv2.03(a)(i) the following new subparagraph (v): (v) following: “Notwithstanding anything to the contrary contained in Sections 2.1(a)(iithis Section 2.03(a)(i) or elsewhere in the Credit Agreement, from April 12, 2007 through the date on which the Subordinated Notes have been repaid in full in cash and (iii) hereofall obligations thereunder and under the Subordinated Debt Documents have been retired in full, on or prior the Borrower and its Subsidiaries shall only be permitted to 10:00 a.m. on July 18request a Letter of Credit be issued or, 2008 in the Borrowers may make case of a written request to the Administrative Agent and the Lenders requesting that the Seasonal Overline Period which ended on June 30Letter of Credit previously issued, 2008 be reinstated for the period of July 21amended, 2008 through August 31, 2008 (the “Seasonal Overline Extension Period”), provided, to the extent if such request amendment is approved in accordance with the terms hereof and the Borrowers desire to increase the Total WC Revolver Commitment during this Seasonal Overline Extension Period as contemplated by Sections 2.1(a)(ii) L/C Obligation thereunder, and (iii)the L/C Issuer is only obligated to so issue and/or amend such Letter of Credit, if the Borrowers shall provide to the Administrative Agent a subsequent written notice stating the aggregate amount of the increase sum of (x) all L/C Obligations for those Letters of Credit so issued and (b) the L/C Obligation attributable solely to the increased portion of an existing Letter of Credit which has been so amended during such period does not exceed $3,000,000. Nothing contained in the Total WC Revolver Commitment being requested at such time and the provisions of Sections 2.1(a)(ii) and (iii) immediately preceding section shall apply in all respects (including, without limitation, the need to provide such notice one (1) Business Day an amendment or modification to any Letter of Credit issued prior to April 12, 2007 if such increase being effective). Each Lender with a WC Revolver Commitment and which has a commitment amendment or modification is solely to lend its Applicable Percentage of extend the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Period shall provide the Administrative Agent with written notice by not later than noon (Boston time) on July 21, 2008 as to whether such Lender consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount that may be requested during the Seasonal Overline Extension Period. Any Lender expiry date thereof or otherwise change any term which does not consent to fund its Applicable Percentage of increase the Facility Increase Amount and Incremental Facility Increase Amount during the Seasonal Overline Extension Period shall have no obligation to fund any portion of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period, and any Lender which consents to lending its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount which may be requested during the Seasonal Overline Extension Period shall be obligated, subject to the terms and conditions of this Credit Agreement, to fund its Applicable Percentage thereof in accordance with the terms of this Credit Agreement. Schedule 2.1 to the Credit Agreement shall be modified on July 21, 2008 to give effect to any changes thereto as a result of any Lender agreeing to reinstate its Applicable Percentage of the Facility Increase Amount and Incremental Facility Increase Amount being requested during the Seasonal Overline Extension Period as a result of this Section 2.1(a)(v) and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1. In addition, to the extent the Borrowers subsequently request an increase in the Total WC Revolver Commitment during the Seasonal Overline Extension Period, at the time of the effectivness thereof the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to the new Total WC Revolver Commitment and the Applicable Percentages thereof. On September 1, 2008, Schedule 2.1 to the Credit Agreement shall be further modified, if applicable, to give effect to any changes thereto as a result of the Seasonal Overline Extension Period having terminated, the Lenders shall make reallocations of the outstanding WC Revolver Loans among themselves to give effect to any reallocations and the Administrative Agent shall provide to the Borrowers and each Lender a copy of such updated Schedule 2.1L/C Obligation thereunder. (bc) Section 2.7 2.03(b)(iii) of the Credit Agreement is hereby amended by deleting Sections 2.7(ainserting immediately after the end of Section 2.03(b)(iii) the following: “Notwithstanding anything to the contrary contained herein, the Required Lenders hereby agree that so long as no Default or Event of Default has occurred and is continuing and the other conditions to the extensions of Letters of Credit have been satisfied, the Required Lenders shall not prohibit the extension of (1) Bank Guarantee # GT001445/05 for the TTA Project in the face amount of AUD 30,000,000; (2) Bank Guarantee # GT001446/05 for TTA project in the face amount of AUD 15,000,000; (3) Bank Guarantee # GT001456/05 for Kamco Lease in the face amount of AUD 55,000; (4) Bank Guarantee # GT001622/07 for Kamco in the face amount of AUD 25,000; (5) Letter of Credit # # 64144489 in the face amount of $285,233; and (6) Letter of Credit # 68010667 in the face amount of $350,000, pursuant to Section 2.03(b)(iii)(B)(1), 2.7(b) and 2.7(c) in of the Agreement at the time of their entirety and restating them as follows:renewal.”

Appears in 1 contract

Samples: Credit Agreement (Keane, Inc.)

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