Amendment to Section 7.12 Sample Clauses

Amendment to Section 7.12. Section 7.12 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

Amendment to Section 7.12. Section 7.12 of the Credit Agreement is hereby amended and restated in its entirety so that it reads as follows: “[Intentionally Omitted.]”.

Amendment to Section 7.12. Section 7.12 is hereby amended in its entirety to read as follows:

Amendment to Section 7.12. Section 7.12 of the Credit Agreement is hereby amended by inserting the words “(other than the Joint Venture and its Subsidiaries)” after the word “Subsidiary” in the first line thereof.

Amendment to Section 7.12. Section 7.12 of the Credit Agreement is hereby deleted and the following substituted therefor:

Amendment to Section 7.12. Section 7.12 of the Credit Agreement is hereby amended by (a) deleting the reference to “and” at the end of clause (d), (b) inserting a reference to “; and” at the end of clause (e), and (c) inserting new clause (f) as follows:

Amendment to Section 7.12. Section 7.12 of the Subordinated Indenture is hereby amended to read as follows:

Amendment to Section 7.12. Subsection (a) of Section 7.12 of the Credit Agreement is hereby amended and restated in its entirety and replaced with the following: (a) Form any Subsidiary unless (i) such Subsidiary is not a Foreign Subsidiary (other than Flotek Industries Holding Limited, Flotek Industries UK Limited, Flotek Technologies ULC, Flotek Chemical Ecuador CIA LTDA, Petrovalve International, Inc. or Flotek Industries, FZE) and at Agent’s discretion, such Subsidiary (A) expressly joins in this Agreement as a “Borrower” and becomes jointly and severally liable for the obligations of Borrowers hereunder, under the Notes, and under any other agreement among Borrowers and Lenders, or (B) becomes a “Guarantor” by executing a Guaranty and Guarantor Security Agreement (to be determined by Agent in its sole discretion), and/or (ii) Agent shall have received all documents, including legal opinions, it may reasonably require to establish compliance with each of the foregoing clauses (i) and (ii) immediately above.

Amendment to Section 7.12. Section 7.12 of the Credit Agreement is hereby amended by (i) deleting the figure “$30,000,000” and inserting in lieu thereof the figure “$50,000,000”; and (ii) deleting the figure “$10,000,000” and inserting in lieu thereof the figure “$20,000,000”.

Amendment to Section 7.12. Section 7.12 of the Credit Agreement is hereby amended in its entirety to read: To the extent not otherwise satisfied on the Closing Date with respect to the Foreign Subsidiaries directly owned by Monster Worldwide or any Subsidiary Guarantor, no later than September 15, 2003, Monster Worldwide shall, and shall cause each of its Subsidiary Guarantors directly owning a Foreign Subsidiary to, deliver to the Administrative Agent pledge documents executed with respect to 65% of the Capital Stock of each such Foreign Subsidiary and any other document or instrument reasonably requested by the Administrative Agent and take any other actions specified in the Guarantee and Collateral Agreement necessary to grant to the Administrative Agent a perfected Lien on such Capital Stock, all in form and substance reasonably satisfactory to the Administrative Agent.