Amendment to Section 5.08 of the Credit Agreement Sample Clauses

Amendment to Section 5.08 of the Credit Agreement. Clause (a) of Section 5.08 of the Credit Agreement shall be amended and restated in its entirety to read in full as follows: (a) The proceeds of the Revolving Loans, other than the UAE Revolving Loans, will be used only (i) to finance the Recapitalization Transactions including any expenses relating thereto, (ii) to finance the working capital and capital expenditure needs of the applicable Borrower, (iii) for the Petro Acquisition and Permitted Acquisitions including any expenses relating thereto, (iv) for general corporate purposes of the applicable Borrower in the ordinary course of business, including payments of, or in respect of, Indebtedness to the extent such payments are permitted under Section 6.08(b) hereof, and (v) to finance the expenses incurred in connection with the Transactions and other uses acceptable to the Administrative Agent. The proceeds of the UAE Revolving Loans will be used only (w) to finance the working capital and capital expenditure needs of the UAE Borrower, the other UAE Loan Parties, and each of their Saudi Arabian and UAE joint ventures and/or subsidiaries, (x) for general corporate purposes of the UAE Borrower in the ordinary course of business; provided, that the aggregate amount of all UAE Revolving Loans outstanding at any time which are used for such general corporate purposes shall not exceed $5,000,000, (y) to fund the payment of UAE Borrower’s pro rata share of EMCayman’s scheduled interest and principal payments and applicable mandatory prepayments then due and owing under the Term Loans; provided, that the aggregate amount of all such payments and prepayments shall not exceed $5,000,000 during any consecutive twelve month period, and (z) for other uses acceptable to the UAE Administrative Agent.
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Amendment to Section 5.08 of the Credit Agreement. Section 5.08 of the Credit Agreement is hereby amended by (a) deleting the word “and” which appears at the end of Section 5.08(d) and Section 5.08(e); (b) deleting the period which appears at the end of Section 5.08(I) and substituting in place thereof a semicolon and the word “and”; and (c) inserting the following new clause (g):
Sample 1

Related to Amendment to Section 5.08 of the Credit Agreement

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: (a) The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:

  • 01 of the Credit Agreement Section 1.01 of the Credit Agreement is hereby amended as follows:

  • Amendment to the Credit Agreement Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (the “Amendment No. 1 Effective Date”), the parties hereto agree that the Credit Agreement is hereby amended as follows:

  • Amendment to Credit Agreement (a) As of the Effective Date (as defined herein), Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions in their appropriate alphabetical order:

  • Amendments to the Credit Agreement (a) Section 1.01 of the Credit Agreement, Definitions, is hereby amended by adding the following definitions in the appropriate alphabetical order:

  • of the Credit Agreement Section 8.2.4 of the Credit Agreement is hereby amended as follows:

  • Continuing Effect of the Credit Agreement This Amendment shall not constitute a waiver of any provision not expressly referred to herein and shall not be construed as a consent to any action on the part of the Borrowers or Guarantors that would require a waiver or consent of the Lenders or an amendment or modification to any term of the Loan Documents except as expressly stated herein. Except as expressly modified hereby, the provisions of the Credit Agreement and the Loan Documents are and shall remain in full force and effect.

  • REFERENCE TO THE CREDIT AGREEMENT (a) Upon the effectiveness of this First Amendment, each reference in the Credit Agreement to "this Agreement", "hereunder", or words of like import shall mean and be a reference to the Credit Agreement, as affected and amended hereby. (b) The Credit Agreement, as amended by the amendments referred to above, shall remain in full force and effect and is hereby ratified and confirmed.

  • Amendments to Credit Agreement (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order:

  • Specific Amendments to Credit Agreement Upon the effectiveness of this Amendment, the parties hereto agree that the Credit Agreement shall be amended as follows: (a) The Credit Agreement is amended by adding the following definitions to Section 1.01 thereof in the appropriate alphabetical location:

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