Amendments and Modifications to the Credit Agreement Sample Clauses

Amendments and Modifications to the Credit Agreement. 1. On and after the Amendment Effective Date (as hereinafter defined), Section 4.02(e) of the Credit Agreement is hereby amended to provide in its entirety as follows: (e) Mandatory prepayments to be applied pursuant to this Section 4.02(e) shall be applied as follows: (i) first, to prepay Swingline Loans; (ii) second, to prepay Revolving Loans and to permanently reduce the Revolving Loan Commitment in the amount prepaid; (iii) third, to cash collateralize Letters of Credit in a manner reasonably satisfactory to the Agent; (iv) fourth, to prepay any outstanding Indebtedness under the Term Loan Agreement as provided in Section 2.2 thereof; and thereafter, the Revolving Loan Commitment will be permanently reduced in an amount equal to the amount remaining, if any, after application of amounts required to be prepaid pursuant to clauses (i), (ii), (iii) and (iv) above. Amounts applied pursuant to this Section 4.02(e) may not be reborrowed. Notwithstanding the provisions of Sections 4.02(b), (c) and (d), proceeds from the incurrence of Indebtedness for borrowed money by Autotote or any of its Subsidiaries, the sale of assets or the capital stock or newly issued shares of Autotote or any of its Subsidiaries or any Recovery Event with respect to the assets of Autotote or its Subsidiaries, shall be applied in accordance with Sections 2.2(b), (c) and (d) of the Term Loan Agreement." 2. On and after the Amendment Effective Date, clause (x) of the proviso set forth in Section 9.01(viii) of the Credit Agreement is hereby amended to provide in its entirety as follows: "(x) such Liens only secure payment of such purchase Indebtedness and". 3. On and after the Amendment Effective Date, Section 9.01(xv) of the Credit Agreement is hereby amended by inserting the following immediately after the word "outstanding" appearing therein: "; and" and inserting the following new clause (xvi):
Sample 1
Amendments and Modifications to the Credit Agreement. 1. On and after the Amendment Effective Date (as hereinafter defined), Section 1.01 of the Credit Agreement is hereby amended by: (a) deleting the definition of "Fixed Charge Coverage Ratio" appearing therein and inserting the following new definition in lieu thereof:
Sample 1
Amendments and Modifications to the Credit Agreement. 1.1 AMENDMENTS TO SECTION 5.2
Sample 1
Amendments and Modifications to the Credit Agreement 
Sample 1Sample 2Sample 3

Related to Amendments and Modifications to the Credit Agreement

  • 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:

  • Modifications to Loan Agreement 1 The Loan Agreement shall be amended by deleting the following text appearing as Section 6.9(b) thereof:

  • Amendment and Modifications This Agreement may not be amended, modified or supplemented except by an instrument or instruments in writing signed by the party against whom enforcement of any such amendment, modification or supplement is sought.

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendments and Modifications Upon the written consent of the Company and the Holders of at least a majority in interest of the Registrable Securities at the time in question, compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived, or any of such provisions, covenants or conditions may be amended or modified; provided, however, that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder, solely in his, her or its capacity as a holder of the shares of capital stock of the Company, in a manner that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected. No course of dealing between any Holder or the Company and any other party hereto or any failure or delay on the part of a Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

  • Amendments to Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendments to Original Agreement The Original Agreement is hereby amended and modified as follows:

  • Amendments to Original Credit Agreement On the Effective Date, the Original Credit Agreement shall be amended as follows: (a) Section 1.02 of the Original Credit Agreement shall be amended by adding the following definitions in appropriate alphabetical order:

  • Amendments and Modification This Agreement may not be modified, amended, altered or supplemented except upon the execution and delivery of a written agreement executed by the parties hereto.

  • Modifications and Amendments The terms and provisions of this Agreement may be modified or amended only by written agreement executed by all parties hereto.