Amendment to Section 2.15 Sample Clauses

Amendment to Section 2.15. Section 2.15 of the Loan Agreement is hereby amended by inserting the words “or liquidity” after the first appearance of the word “capital”.

Amendment to Section 2.15. Section 2.15 of the Credit Agreement is hereby amended by: (i) deleting existing paragraph (a) in its entirety and inserting in lieu thereof the following new paragraph (a): (a) All payments made by Gannett under this Agreement shall be made free and clear of, and without deduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, excluding net income taxes and franchise taxes (imposed in lieu of net income taxes) imposed on the Administrative Agent or any Lender as a result of a present or former connection between the Administrative Agent or such Lender and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely from the Administrative Agent or such Lender having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement). If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Non-Excluded Taxes”) or Other Taxes are required to be withheld from any amounts payable to the Administrative Agent, the Issuing Lender or any Lender hereunder, the amounts so payable to the Administrative Agent, the Issuing Lender or such Lender shall be increased to the extent necessary to yield to the Administrative Agent, the Issuing Lender or such Lender (after payment of all Non-Excluded Taxes and Other Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement, provided, however, that Gannett shall not be required to increase any such amounts payable to any Lender with respect to any Non-Excluded Taxes (i) that are attributable to such Lender’s failure to comply with the requirements of paragraph (d) or (e) of this Section or (ii) that are United States withholding taxes imposed on amounts payable to such Lender at the time the Lender becomes a party to this Agreement (or designates a new lending office), except to the extent that such Lender’s assignor (if any) was entitled, at the time of assignment, to receive additional amounts from Gannett with respect to such Non-Excluded Taxes pursuant to this paragraph.” (ii) deleting existing paragraph (e) in its entirety and inserting in lieu thereof the foll...

Amendment to Section 2.15. Section 2.15 of the Credit Agreement, Letters of Credit, is hereby amended and modified by deleting the heading thereof in its entirety and replacing it with “Syndicated Letters of Credit, and by inserting the word “Syndicated” before each occurrence of the words “Issuing Lender”, “Letters of Credit”, and “Letter of Credit Commitment”.

Amendment to Section 2.15. Clause (a) of Section 2.15 of the Existing Credit Agreement is hereby amended by replacing the words “based upon Bank of America’s prime rate” with the words “at the Base Rate option” where they appear therein.

Amendment to Section 2.15. (a) Sub-clause (a)(ii) of Section 2.15 of the Credit Agreement is hereby amended by replacing “in accordance with the Commitments hereunder without giving effect to Section 2.15(a)(v)” with “in accordance with their respective Facility Percentages without giving effect to Section 2.15(a)(v)” in its second to last sentence. (b) Sub-clause (a)(iv) of Section 2.15 of the Credit Agreement is hereby amended by restating the following parenthetical “(calculated without regard to such Defaulting Lender’s Commitment)” as follows: “(calculated without regard to such Defaulting Lender’s Applicable Percentage and in accordance with Section 2.01(c)(i) or Section 2.01(c)(ii) as if a Revolving Borrowing in an amount equal to the aggregate amount payable by the Lenders has been requested to be made at such time)”. (c) Clause (b) of Section 2.15 of the Credit Agreement is hereby amended by adding “(calculated in accordance with Section 2.01(c)(i) or Section 2.01(c)(ii) as if a Revolving Borrowing in an amount equal to the aggregate amount payable by the Lenders has been requested to be made at such time) for each such Loan and each such funded and unfunded participation” following “Lenders in accordance with their Applicable Percentages”. (d) Section 2.15 of the Credit Agreement is hereby amended by inserting new clause (c) which shall read as follows:

Amendment to Section 2.15. Section 2.15 of the Stock Purchase Agreement is hereby deleted and replaced in its entirety with the following:

Amendment to Section 2.15. Section 2.15 of the Merger Agreement is hereby amended and restated as follows:

Amendment to Section 2.15. Section 2.15(b) of the Credit Agreement is hereby deleted and replaced with the following:

Amendment to Section 2.15. Section 2.15 of the Credit Agreement is amended such that the amount of “$50,000,000.00” is replaced by the amount of “$0.00.”