Amendment to Section 2.01. Section 2.01 is hereby amended by adding the following paragraph (c) to such section: (i) Subject to the terms and conditions hereof and of Amendment No. 2, each Term Lender that executes and delivers a Consent (as defined in Amendment No. 2) severally agrees to exchange or convert all of its Initial Term Loans outstanding on the Amendment No. 2 Effective Date into a like principal amount of Term B Loans on the Amendment No. 2 Effective Date either by cashless roll or post-closing settlement, as further described in such Lender's Consent (such exchanged or converted Initial Term Loans, the “Converted Initial Term Loans”). All Term B Loans that constitute Converted Initial Term Loans will be of the Type and have the Interest Period (if applicable) specified in the Committed Loan Notice delivered in connection therewith. All accrued and unpaid interest on the Converted Initial Term Loans to, but not including, the Amendment No. 2 Effective Date shall be payable on the Amendment No. 2 Effective Date, but no amounts under Section 3.05 shall be payable in connection with such conversion. (ii) Subject to the terms and conditions hereof and of Amendment No. 2, (A) each Additional Term B Lender severally agrees to make loans denominated in Dollars in an aggregate amount not to exceed the amount of such Additional Term B Lender's Additional Term B Commitment to the Borrower and (B) each Term Lender severally agrees to make its Increased Term B Loans (if any) to the Borrower, in each case, on the Amendment No. 2
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Amendment to Section 2.01. Section Section
2.01 is hereby amended by adding the following paragraph (ce) to such section:
(i) Subject to the terms and conditions hereof and of Amendment No. 25, each Term C Lender that executes and delivers a Consent Lender Addendum (Cashless Roll) (as defined in Amendment No. 25) severally agrees to exchange or convert continue all of its Initial Term C Loans outstanding on the Amendment No. 2 5 Effective Date into a like principal amount of Term B D Loans on the Amendment No. 2 5 Effective Date either by cashless roll or post-closing settlementroll, as further described in such Lender's Consent ’s Lender Addendum (Cashless Roll) (such exchanged or converted Initial continued Term C Loans, the “Converted Initial Continued Term C Loans”). All Term B D Loans that constitute Converted Initial Continued Term C Loans will be of the Type and have the Interest Period (if applicable) specified in the Committed Loan Notice delivered in connection therewith. All accrued and unpaid interest on the Converted Initial Continued Term C Loans to, but not including, the Amendment No. 2 5 Effective Date shall be payable on the Amendment No. 2 5 Effective Date, but no amounts under Section 3.05 shall be payable in connection with such conversion.
(ii) Subject to the terms and conditions hereof and of Amendment No. 25, (A) each Additional Term B D Lender severally agrees to make loans denominated in Dollars in an aggregate amount not to exceed the amount of such Additional Term B D Lender's ’s Additional Term B D Commitment to the Borrower and (B) each Term Lender severally agrees to make its Increased Term B Loans (if any) to the Borrower, in each case, on the Amendment No. 25
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Amendment to Section 2.01. Effective as of the Effective Date, Section 2.01 2.01(a) of the Credit Agreement is hereby amended by adding the following paragraph (c) to such section:
(i) and restated as follows: “Subject to the terms and conditions hereof and of Amendment No. 2set forth herein, each Term Lender agrees to make (I) Revolving Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that executes will not result in (i) such Lender’s Domestic Revolving Exposure exceeding (A) (1) for the period from August 24, 2007 through and delivers a Consent including the Foreign Loan End Date, such Lender’s Revolving Commitment less such Lender’s Foreign Revolving Exposure and (as defined in Amendment No. 2) severally agrees to exchange or convert for all of its Initial Term Loans outstanding on the Amendment No. 2 Effective Date into a like principal amount of Term B Loans on the Amendment No. 2 Effective Date either by cashless roll or post-closing settlementperiods thereafter, as further described in such Lender's Consent ’s Revolving Commitment or (B) the Applicable Percentage of such exchanged Lender’s Revolving Loan Sublimit or converted Initial Term Loans, the “Converted Initial Term Loans”). All Term B Loans that constitute Converted Initial Term Loans will be of the Type and have the Interest Period (if applicable) specified in the Committed Loan Notice delivered in connection therewith. All accrued and unpaid interest on the Converted Initial Term Loans to, but not including, the Amendment No. 2 Effective Date shall be payable on the Amendment No. 2 Effective Date, but no amounts under Section 3.05 shall be payable in connection with such conversion.
(ii) Subject the total Domestic Revolving Exposures exceeding the lesser of (x) the sum of the total Revolving Commitments less (until the Foreign Loan End Date) the total Foreign Revolving Exposures or (y) the Borrowing Base for Eligible Receivables less (until the Foreign Loan End Date) the total Foreign Revolving Exposures, subject to the Administrative Agent’s authority, in its sole discretion, to make Protective Advances and Overadvances pursuant to the terms of Section 2.04 and 2.05 and (II) Foreign Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Exposure exceeding (A) fifty percent (50%) of such Lender’s Revolving Commitment or (B) the Applicable Percentage of such Lender’s Foreign Loan Limit or (ii) the total Foreign Revolving Exposure exceeding the lesser of (x) the sum of the total Revolving Commitments or (y) the Borrowing Base for Foreign Eligible Receivables. Within the foregoing limits and subject to the terms and conditions hereof and of Amendment No. 2set forth herein, (A) each Additional Term B Lender severally agrees to make loans denominated in Dollars in an aggregate amount not to exceed the amount of such Additional Term B Lender's Additional Term B Commitment to the Borrower may borrow, prepay and (B) each Term Lender severally agrees to make its Increased Term B reborrow both Revolving Loans (if any) to the Borrower, in each case, on the Amendment No. 2and Foreign Loans.
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Samples: Credit Agreement (Superior Offshore International Inc.)
Amendment to Section 2.01. Section Section
2.01 is hereby amended by adding the following paragraph (cd) to such section:
(i) Subject to the terms and conditions hereof and of Amendment No. 23, each Term Lender that executes and delivers a Consent (as defined in Amendment No. 23) severally agrees to exchange or convert all of its Initial Term B Loans outstanding on the Amendment No. 2 3 Effective Date into a like principal amount of Term B C Loans on the Amendment No. 2 3 Effective Date either by cashless roll or post-closing settlement, as further described in such Lender's ’s Consent (such exchanged or converted Initial Term B Loans, the “Converted Initial Term B Loans”). All Term B C Loans that constitute Converted Initial Term B Loans will be of the Type and have the Interest Period (if applicable) specified in the Committed Loan Notice delivered in connection therewith. All accrued and unpaid interest on the Converted Initial Term B Loans to, but not including, the Amendment No. 2 3 Effective Date shall be payable on the Amendment No. 2 3 Effective Date, but no amounts under Section 3.05 shall be payable in connection with such conversion.
(ii) Subject to the terms and conditions hereof and of Amendment No. 23, (A) each Additional Term B C Lender severally agrees to make loans denominated in Dollars in an aggregate amount not to exceed the amount of such Additional Term B C Lender's ’s Additional Term B C Commitment to the Borrower and (B) each Term Lender severally agrees to make its Increased Term B C Loans (if any) to the Borrower, in each case, on the Amendment No. 23
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