Amendment to Section 3.12 Sample Clauses
Amendment to Section 3.12. Section 3.12 of the Credit Agreement is hereby amended by inserting the following new sentence immediately following the second sentence thereof: “The proceeds of the Tranche C-5 Term Loans and the Tranche C-6 Term Loans will be used (i) to fund the transactions described in clauses (f), (g) and (h) of the definition of the term “Transactions” and/or (ii) for general corporate purposes.”
Amendment to Section 3.12. Section 3.1.2 of the Existing Credit Agreement is amended as follows:
(a) Subsection (a) is amended by adding the following at the end of such section: “provided, however, that if on the Stated Maturity Date (i) the aggregate outstanding principal amount of all Loans is no greater than sixty million dollars ($60,000,000) and (ii) a lien and security interest in favor of the Administrative Agent has attached to eighty percent (80%) of the Pledged Common Stock (as such term is defined in the Secured Guaranty Pledge Agreement) under the Secured Guaranty Pledge Agreement, then the aggregate outstanding principal amount of all Loans, all other Obligations of Borrower under the Loan Documents, including all Fees, shall be due and payable in full on the Extended Maturity Date.”
(b) Subsection (b) is amended and restated to read in its entirety as follows:
Amendment to Section 3.12. Section 3.12 of the Credit Agreement is restated in its entirety to read as follows:
Amendment to Section 3.12. The first sentence of Section 3.12(a) of the Original Agreement shall be amended by inserting the words “, MLP Managing GP” after the second instance of the words “MLP GP.”
Amendment to Section 3.12. On the Second Incremental Effective Date, Section 3.12 of the Credit Agreement shall be amended by inserting the text “; provided, that proceeds of Revolving Facility Loans made under the Second Incremental Revolving Facility Commitments on the Second Incremental Effective Date may be used to refinance any other Revolving Facility Loans outstanding on the Second Incremental Effective Date.” at the end of such section.
Amendment to Section 3.12. Section 3.12 is hereby amended by replacing the phrase “Second Amendment Effective Date” with the phrase “Seventh Amendment Effective Date”.