Amendment to Section 2.24 Clause Samples
Amendment to Section 2.24. Section 2.24 of the Credit Agreement is hereby amended by adding the following sentence to the end of such Section: The provisions of this Section 2.24 shall give effect to the voting provisions in each Sponsor Letter.
Amendment to Section 2.24. Section 2.24(a) of the Credit Agreement is hereby amended by deleting the “$75,000,000” therein and replacing it with “$150,000,000”.
Amendment to Section 2.24. A new Section 2.24 is hereby added to the Credit Agreement to read as follows:
Amendment to Section 2.24. Section 2.24 of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:
Amendment to Section 2.24. Section 2.24 of the Credit Agreement is hereby amended by adding the following proviso after the first proviso at the end of the first sentence of paragraph (d) thereof: “provided further that, during the period from the First Amendment Effective Date (as defined in the First Amendment to this Agreement, dated as of February 28, 2007) to but excluding the first anniversary of the First Amendment Effective Date, any optional reduction of the Total Credit-Linked Deposit using proceeds of Indebtedness incurred by the Borrower (or deposits similar to the Credit-Linked Deposits) from a substantially concurrent issuance or incurrence of syndicated credit facilities provided by one or more banks or other financial institutions for which the interest rate and fees payable thereon is lower than the interest rate of this Section on the date of such optional reduction plus the Credit-Linked Deposit Fee Rate with respect to the Total Credit-Linked Deposit shall be accompanied by payment of a 1% prepayment premium on the deposit amount of such Lender’s Credit-Linked Deposit so reduced (unless such prepayment premium is waived by such Lender).”
Amendment to Section 2.24
