Amendment to Subsection 9. 9. Subsection 9.9 of the Credit Agreement is hereby amended by deleting in its entirety such subsection and inserting in lieu thereof the following:
Amendment to Subsection 9. 1(l). Subsection 9.1(l) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Amendment to Subsection 9. 1. Subsection 9.1 to the Agreement is amended by adding the following subparagraph thereto:
(i) A subordinated term loan to be incurred by the Company on a one-time basis (the "Subordinated Debt") subject to the following conditions: (A) the Subordinated Debt shall not exceed $15,000,000.00; (B) the terms and conditions of the borrowing under the Subordinated Debt shall be, in the sole discretion of the Banks, satisfactory in all respects; (C) the loan documentation evidencing the Subordinated Debt shall contain provisions in respect of subordination, amortization, rate of interest and acceleration of the due date of such interest and acceleration of the due date of such indebtedness prior to its stated maturity which, in the sole discretion of the Banks, are acceptable in form and substance to the Banks; (D) the payment and financial covenants of the Subordinated Debt shall be subordinate in all respects to the payment and financial covenants contained in the Agreement with respect to the Loans and shall be evidenced by a subordination agreement in form and substance satisfactory to the Bank in their sole discretion, to be executed by the Company, the Subordinated Debt lender and the Banks, (E) the Banks shall determine, in their sole discretion, that the Subordinated Debt will not impact the Company's financials in such a manner as to be unsatisfactory to the Banks; (F) the Banks shall receive such other information and documentation with respect to the Subordinated Debt as the Banks shall deem necessary and such information and documentation shall be satisfactory to the Banks: and (G) the Company shall pay all of the fees and expenses incurred by the Banks, including legal fees and expenses of Banks' legal counsel.
Amendment to Subsection 9. 8. Subsection 9.8 to the Agreement is amended by deleting subsection 9.8 in its entirety and by substituting in lieu thereof the following:
Amendment to Subsection 9. 12. Subsection 9.12 of the Agreement is hereby deleted in its entirety and the following substituted therefor:
Amendment to Subsection 9. Subsection 9.4 of the Credit Agreement is hereby amended by deleting the word "and" appearing therein and substituting in lieu thereof a comma and by adding the following words at the end thereof "and (e) Guarantee Obligations of the Borrower and Quintex Communications Corp. in respect of the obligations of GLM Wireless Communications Inc. to Fleet Bank with respect to a line of credit made available by Fleet Bank to GLM Wireless Communications Inc., provided that (i) the aggregate principal amount (including the face amount of letters of credit and bankers' acceptances) of extensions of credit under such line of credit shall not exceed $200,000 and (ii) such line of credit is also guaranteed, on a joint and several basis with the Borrower and Quintex Communications Corp., by G.L.M. Security & Sound, Inc. and G.L.M. Security & Sound of St. James, Inc.".
Amendment to Subsection 9. Subsection 9.2 of the Credit Agreement is hereby amended by replacing each of paragraphs (c) and (d) thereof with the reference "[INTENTIONALLY OMITTED]".
Amendment to Subsection 9. 2. Subsection 9.2 of the Credit Agreement is hereby amended by (i) deleting the word "and" at the end of paragraph (l) in such subsection, (ii) deleting the period at the end of paragraph (l) in such subsection and inserting in lieu thereof "; and" and (iii) adding at the end thereof immediately after paragraph (m) in such subsection the following:
Amendment to Subsection 9. 17. Subsection 9.17 of the Credit Agreement is hereby amended by adding immediately prior to the phrase "unless the Required Lenders" in such subsection "other than Indebtedness under the Second Lien Facility or".
Amendment to Subsection 9. 2(a). Subsection 9.2(a) of the Agreement is amended to replace the date "July 31, 1998" set out therein with "September 30, 1998."
