Amendments to Article VI (Negative Covenants). Article VI of the Agreement is hereby amended by inserting the following new Section 6.17 at the end thereof:
Amendments to Article VI (Negative Covenants). 1. Section 6.01(o) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Amendments to Article VI (Negative Covenants). (i) Section 6.07(a)
Amendments to Article VI (Negative Covenants). Clause (ii) of the introductory paragraph to Article VI is hereby amended and restated in its entirety to read as follows:
Amendments to Article VI (Negative Covenants). A. Section 6.14 of the Credit Agreement is hereby amended by deleting the minimum operating cash flow receipt amounts for the applicable periods set forth below from such Section and substituting therefor the corresponding amounts set forth below: ============================================================================================== PERIOD AMOUNT ---------------------------------------------------------------------------------------------- October 1, 1996 - November 30, 1996 $86,500,000 ---------------------------------------------------------------------------------------------- November 1, 1996 - December 31, 1996 $80,000,000 ---------------------------------------------------------------------------------------------- December 1, 1996 - January 31, 1997 $80,000,000 ---------------------------------------------------------------------------------------------- January 1, 1997 - February 28, 1997 $80,000,000 ==============================================================================================
Amendments to Article VI (Negative Covenants). 1. Section 6.01(g) of the Credit Agreement is hereby amended by deleting such Section in its entirety and substituting the following therefor:
Amendments to Article VI (Negative Covenants). A. Section 6.05(b) of the Credit Agreement is hereby amended by adding the following proviso at the end of such section: "provided that the limitations set forth in this clause (iii) shall not apply to the non-recourse factoring of accounts receivable by Foreign Subsidiaries, provided that the aggregate outstanding amount of accounts receivable (assuming each such account receivable remains outstanding for the number of days provided in the applicable invoice for non-delinquent payment) at any time which have been so factored shall not exceed $25,000,000."
Amendments to Article VI (Negative Covenants). (i) Section 6.06 of the Credit Agreement is hereby amended by (1) deleting the word “and” immediately following the semicolon at the end of Section 6.06(d), (2) deleting the period and inserting a semicolon in place thereof at the end of Section 6.06(e) and (3) inserting new Sections 6.06(f) and 6.06(g) thereof, which shall read in their entirety as follows:
Amendments to Article VI (Negative Covenants). Section 6.02 of the Credit Agreement is hereby amended by adding the phrase "(provided that no foreclosure action has been commenced with respect to such Liens that has not been stayed or discharged within thirty (30) days)" at the end of subsection (k) thereof.
Amendments to Article VI (Negative Covenants). Section 6.02 of the Credit Agreement is hereby amended to insert the following new sentence at the end thereof: “Notwithstanding anything to the contrary contained herein, nothing in this Section 6.02 shall prohibit or otherwise restrict the Separation Transaction.”
