Amendment to Section 7.18. Section 7.18 of the Credit Agreement is hereby deleted in its entirety and the following new Section 7.18 is inserted in replacement thereof;
Amendment to Section 7.18. Section 7.18 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Section 7.18. Section 7.18 of the Credit Agreement entitled “Liens” is hereby deleted in its entirety and the following is hereby substituted thereof: “Liens. Neither the Parent nor any of the other Borrowers shall create, incur, assume, or permit to exist any Lien on any property now owned or hereafter acquired by any of them, except (a) Permitted Liens, provided that the amount of cash and cash equivalents subject to Liens to third parties on the Closing Date relating to Liens identified in clause (i) of the definition of “Permitted Liens” shall not exceed in the aggregate $10,000,000 and the amount thereof after the Closing Date shall not at any time exceed $20,000,000 in the aggregate and the obligations secured by such Liens shall be deemed either to be permitted Debt of the Borrowers listed on Schedule 6.9 hereof or permitted Guaranties under Section 7.13 hereof, (b) Liens, if any, in effect as of the Closing Date and described in Schedule 6.9 securing Debt described in Schedule 6.9 and any permitted refinancings, renewals or extensions of such Debt, (c) Liens securing Capital Leases and purchase money Debt permitted in Section 7.13, (d) other Liens securing liabilities in an aggregate amount not to exceed $5,000,000 at any time, and (e) Liens on property acquired by Borrowers that is subject to such Liens at the time of acquisition, provided the Debt secured by such Liens constitutes Permitted Debt or such Liens are otherwise permitted under Section 7.18(c) or 7.18(d).”
Amendment to Section 7.18. Section 7.18 of the Loan Agreement is hereby amended by restating clause (2) in its entirety as follows:
Amendment to Section 7.18. Section 7.18 of the Credit Agreement is hereby amended by inserting the phrase “on assets other than the Collateral” between the words “Liens” and “securing” in the fourth line thereof.
