Amendment to Sections 2 Sample Clauses
The "Amendment to Sections 2" clause serves to formally modify the content or terms originally set out in Section 2 of an agreement. This clause typically specifies which parts of Section 2 are being changed, added, or removed, and may outline the exact new language or provisions that will replace the old ones. By clearly documenting these changes, the clause ensures that all parties are aware of and agree to the updated terms, thereby preventing misunderstandings and maintaining the enforceability of the contract.
Amendment to Sections 2. 05 and 2.06 of the Original Indenture Relating to the Execution of Securities and the Certificate of Authentication. Sections 2.05 and 2.06 of the Original Indenture are amended and restated, with respect to the Senior Notes issued on the date hereof, to read as follows:
Amendment to Sections 2. 13(b), (c) and (d). Sections 2.13(b), (c) and (d) of the Credit Agreement are hereby amended in their entirety as follows:
Amendment to Sections 2. 07(a) and (b). Sections 2.07(a) and (b) of the Credit Agreement are amended and restated to read in their entirety as follows:
(a) The Borrower shall pay to the Administrative Agent for the ratable account of each Lender an unused commitment fee equal to the product of: (i) the aggregate of the daily average amounts of such Lender’s Unused Revolver Commitment, times (ii) a per annum percentage equal to .50%. Such unused commitment fee shall accrue from and including the Fourth Amendment Effective Date to and including the Termination Date. Unused commitment fees shall be payable quarterly in arrears on each Quarterly Payment Date and on the Termination Date; provided that should the Revolver Commitments be terminated at any time prior to the Termination Date for any reason, the entire accrued and unpaid fee shall be paid on the date of such termination.
Amendment to Sections 2. 03 and 2.05(b). Sections 2.03 and 2.05(b) of the Existing Credit Agreement are each hereby amended by adding the following sentence at the end thereof: “Notwithstanding the foregoing, the funding of the Third Amendment Loans (as defined in the Third Amendment) shall occur on the Third Amendment Funding Date (as defined in the Third Amendment).”
Amendment to Sections 2. 01 and 2.06
Amendment to Sections 2. 1(a)(iv) and (a)(v). Sections 2.1(a)(iv) and (a)(v) of the Agreement are each hereby amended and restated in their entireties to read as follows:
Amendment to Sections 2. 1(a) and 2.1(c). Sections 2.1(a) and 2.1(c) of the Credit Agreement are hereby amended and restated in their entirety to read as follows:
(a) Subject at all times to all of the terms and conditions of this Agreement, (i) on the Closing Date in a single borrowing, the Lender extended to the Borrowers a term loan in the principal amount of $15,150,000 (the “Closing Date Term Loan”), (ii) on the Second Amendment Effective Date in a single borrowing, the Lender extended to the Borrowers a term loan in the principal amount of $3,000,000 (the “Add-On Term Loan”), (iii) subject to all the terms and conditions of the Third Amendment (including, without limitation, Section 2.2 therein), on the Third Amendment Effective Date, the Lender will extend to the Borrowers a term loan in the principal amount of $2,500,000 (the “Second Add-On Term Loan”) and (iv) subject to all the terms and conditions of the Third Amendment (including, without limitation, Sections 2.2 and 2.3 therein) and so long as no Event of Default or Default shall have occurred and be continuing on the date of funding thereof or would exist after giving effect to the Third Add-On Term Loan (as defined below), during the Third Add-On Availability Period, the Borrowers may borrow from the Lender, and the Lender will extend to the Borrowers, a term loan in the principal amount of $2,500,000 (the “Third Add-On Term Loan”). The Second Add-On Term Loan shall be borrowed in a single borrowing on the Third Amendment Effective Date, and the Third Add-On Term Loan may be borrowed at the Borrowers option in a single borrowing at any time during the Third Add-On Availability Period. Any principal amounts repaid in respect of the Closing Date Term Loan, the Add-On Term Loan, the Second Add-On Term Loan or the Third Add-On Term Loan may not be reborrowed. Each of the Closing Date Term Loan, the Add-On Term Loan, the Second Add-On Term Loan and the Third Add-On Term Loan shall be due and payable in full on the Termination Date, subject to earlier prepayment as herein provided.”
Amendment to Sections 2. 04(a), (d) and (e). Each of Sections 2.04(a), 2.04(d) and 2.04(e) shall be deleted in its entirety and "[Intentionally Omitted]" shall be substituted in lieu thereof.
Amendment to Sections 2. 1(a) (Loans; Commitments).
Section 2.1 (a) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
(a) On the Third Amendment Effective Date, $225,000,000 of the aggregate outstanding principal amount of Revolving Loans shall automatically be consolidated and converted to a term loan in the aggregate principal amount of $225,000,000 (collectively, the “Term Loans”). On the Fourth Amendment Effective Date, $70,000,000 of the aggregate outstanding principal amount of Revolving Loans (collectively, the “Non-Revolving Revolving Loans”) shall remain Revolving Loans but, to the extent repaid, may not be reborrowed. The remaining $105,000,000 of Revolving Credit Commitments shall continue to be available, subject to all terms and conditions set forth in this Agreement and, in addition the requirement that no Revolving Loans shall be advanced if: (i) the Credit Parties’ aggregate cash balances exceed $5,000,000 or (ii) the Revolving Loans would exceed $105,000,000 less the then applicable Block Amount. Schedule 1.1(a) sets forth the Term Loans of each Term Lender. To the extent repaid, the Term Loans may not be reborrowed.
Amendment to Sections 2. 05 and 2.06. Sections 2.05 and 2.06 are deleted in their entirety.