Amendments to Credit Sample Clauses

Amendments to Credit. Agreement Section 2.1

Amendments to Credit. AGREEMENT TO BE EFFECTIVE ON THE SIXTH AMENDMENT EFFECTIVE DATE. (a) Section 3.1(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: (a) Subject to the terms and conditions hereof, the Issuing Lender, in reliance on the agreements of the other Revolving Credit Lenders set forth in Section 3.4(a), agrees to issue standby letters of credit ("Letters of Credit") for the account of the Borrower on any Business Day prior to the date that is five Business Days prior to the Scheduled Revolving Credit Termination Date in such form as may be approved from time to time by the Issuing Lender; provided that the Issuing Lender shall have no obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the L/C Commitment or (ii) the aggregate amount of the Available Revolving Credit Commitments would be less than zero. Each Letter of Credit shall (i) be denominated in Dollars and (ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date that is five Business Days prior to the Scheduled Revolving Credit Termination Date; provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above). Notwithstanding the foregoing, the Issuing Lender agrees to issue Letters of Credit with an expiration date later than the date specified in the immediately preceding sentence (but no later than one year from the date of issuance thereof) in reliance upon the Borrower's agreement to cash collateralize such Letters of Credit in accordance with Section 10.15(c) by the date that is 30 days prior to the Scheduled Revolving Credit Termination Date, and the Borrower so agrees to cash collateralize such Letters of Credit by such date, it being understood that until the Loans, the Reimbursement Obligations and the other Obligations under the Loan Documents are paid in full, the Commitments have been terminated and no other Letters of Credit shall be outstanding, such cash collateral shall be subject to the rights of each other Lender under Section 10.7. (b) Section 8(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: (a) The Borrower shall fail to pay any principal of any Loan or Reimbursement Obligation when due in accordance with the terms hereof, or the Borrower shall...

Amendments to Credit. Agreement Upon the Amendment Effective Date (as defined below): (A) Article 1 of the Credit Agreement is hereby amended by: (1) deleting the definitions of "Alternate Base Rate", "Applicable Margin", "Commitment Termination Date", "LIBO Rate" and "Maturity Date" appearing therein and inserting in lieu thereof the following replacement definitions:

Amendments to Credit. AgreementThe Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 3, hereby amended as follows: (a) The definition of “Applicable Fee Rate” contained in Section 1.01 is amended by deleting the number “0.50” and inserting in its place the number “0.75” (b) The definition of “Applicable Rate” contained in Section 1.01 is amended and restated in its entirety as follows:

Amendments to Credit. Agreement The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended as follows: (a) The definitions of "COMMITTED CURRENCIES", "EBITDA", "EUROCURRENCY RATE", "LIBO RATE" and "REFERENCE BANKS" in Section 1.01 are in full to read as follows:

Amendments to Credit. Agreement to Reflect the Incremental Revolving Commitments. (a)

Amendments to Credit. Agreement Section 1.01 of the Credit Agreement is hereby amended by adding the following definition in their proper alphabetical order: ""Anti - Corruption Laws" means the United States Foreign Corrupt Practices Act of 1977 , the UK Xxxxxxx Xxx 0000 and all other similar laws, rules and regulations of any jurisdiction applicable to Magna and its Subsidiaries concerning or relating to bribery or corruption ; "Bail - In Action" means the exercise of any Write - Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution ; "Bail - In Legislation" means, with respect to any EEA Member Country implementing Article 55 of Directive 2014 / 59 /EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail - In Legislation Schedule ; "EEA Financial Institution" means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent ; "EEA Member Country" means any of the member states of the European Union, Iceland, Liechtenstein and Norway ; "EEA Resolution Authority" means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution ;

Amendments to Credit. Agreement Regarding Take-Or-Pay Agreements. (a) Amendment to Subsection 9.10. Subsection 9.10 of the Credit Agreement is hereby amended by (I) inserting immediately before the phrase "Contingent Obligations" in clause (c) thereof the word "other";

Amendments to Credit. From time to time during the currency of the Credit, the Bank agrees that it will, subject to the terms and conditions set forth herein, supplement or amend the terms of the Credit, upon the application of the Member. The obligation of the Bank to supplement or amend the terms of the Credit, including any increase in the Credit Amount or any extension of the Expiration Date of the Credit, is subject to the fulfillment, at no cost to the Bank, of the following conditions precedent: (i) the Bank shall have received by 2:00 p.m., Atlanta time, in form and substance reasonably satisfactory to it, one business day's prior oral and written notice from the Member of the effective date; (ii) the representations and warranties of the Member contained in Section 6 hereof shall be true and correct as of the effective date of such change as though made upon and as of such date; (iii) no event shall have occurred and be continuing, or would result from the change of the Credit, which would constitute an Event of Default under this Agreement or would constitute such an Event of Default but for the requirement that notice be given or time elapse or both; (iv) no change shall have occurred in any federal, state or foreign law or regulation or in the interpretation thereof which, in the opinion of counsel for the Bank, may make it impermissible for the Bank to change the Credit as contemplated hereby; and (v) the Member shall have submitted an application for the amendment to the Credit in the form to be provided by the Bank, which application the Bank may deny on the grounds set forth in Section 1(b)(i)-(iv) hereof. The Expiration Date of the Credit may be extended by an amendment to the terms of the Credit pursuant to this Section 1(c), provided that the period from the date such extension is effective through the Expiration Date shall not exceed such period as the Act, the Regulations, and the Bank's Credit Policy may allow. The Bank's approval of (A) an increase in the Credit Amount pursuant to this Section 1(c) shall be evidenced by a Certificate Increasing Credit Amount in the form attached hereto as Exhibit C, an original copy of which will be sent by the Bank to the Beneficiary by overnight mail; and (B) an extension in the Expiration Date pursuant to this Section 1(c) shall be evidenced by a Certificate Renewing Letter of Credit by Amending Expiration Date to Later Date in the form attached hereto as Exhibit D. Upon the Bank's issuance of any amendment of the Cred...

Amendments to Credit. Agreement with respect to Issuing Banks. The Credit Agreement is hereby amended as follows: 1.1. The respective definitions of the terms "Issuing Banks" and "Issuing Bank Representative" appearing in Section 1.01 of the Credit Agreement are hereby amended to read in its entirety as follows: