AMENDMENTS TO CREDIT AGREEMENT; EFFECT ON FORBEARANCE AGREEMENT Sample Clauses

AMENDMENTS TO CREDIT AGREEMENT; EFFECT ON FORBEARANCE AGREEMENT. Effective as of the Second Amendment Effective Date, the Forbearance Period (as defined in the Forbearance Agreement) shall terminate. Notwithstanding the foregoing, (a) the amendments to the terms of the Credit Agreement set forth in Section 4 of the Forbearance Agreement shall remain in full force and effect (without restatement in this Second Amendment), except to the extent that the amendments contained Sections 4.1.1, 4.5, 4.7, 4.10, and 4.11 of the Forbearance Agreement are further amended herein, and (b) the post-closing obligations set forth in Section 8 of the Forbearance Agreement shall remain in full force and effect (without restatement in this Second Amendment), with the understanding and agreement that the Obligor's failure to comply with those post-closing obligations, within the time frame referenced in the Forbearance Agreement, shall constitute an Event of Default under the Credit Agreement. Effective as of the date hereof, the Credit Agreement is hereby further amended as follows:
AutoNDA by SimpleDocs
AMENDMENTS TO CREDIT AGREEMENT; EFFECT ON FORBEARANCE AGREEMENT. The amendments to the terms of the Credit Agreement set forth in any of the prior amendments or any of the prior forbearance agreements (including the Forbearance Agreement, the Second Forbearance Agreement, and the Third Forbearance Agreement) shall remain in full force and effect and survive (without restatement in this Fourth Forbearance Agreement), except to the extent that such provisions have been subsequently amended by a later amendment. It is the intent of this Fourth Forbearance Agreement to amend the Credit Agreement and to extend the term of the Extended Forbearance Period (as defined in the Third Forbearance Agreement), which forbearance shall remain in effect until the expiration of the Second Extended Forbearance Period (as defined in this Fourth Forbearance Agreement). To the extent there are conflicting provisions in this Fourth Forbearance Agreement compared to any other Loan Document, the terms of this Fourth Forbearance Agreement shall control.
AMENDMENTS TO CREDIT AGREEMENT; EFFECT ON FORBEARANCE AGREEMENT. The amendments to the terms of the Credit Agreement set forth in any of the prior amendments or any of the prior forbearance agreements (including the Forbearance Agreement and the Second Forbearance Agreement) shall remain in full force and effect and survive (without restatement in this Third Forbearance Agreement), except to the extent that such provisions have been subsequently amended by a later amendment. It is the intent of this Third Forbearance Agreement to amend the Credit Agreement and to extend the term of the Forbearance Period (as defined in the Second Forbearance Agreement), which forbearance shall remain in effect until the expiration of the Extended Forbearance Agreement (as defined in this Third Forbearance Agreement). To the extent there are conflicting provisions in this Third Forbearance Agreement compared to the Second Forbearance Agreement or any other Loan Document, the terms of this Third Forbearance Agreement shall control.

Related to AMENDMENTS TO CREDIT AGREEMENT; EFFECT ON FORBEARANCE AGREEMENT

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

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

  • Amendment to Forbearance Agreement As of the date hereof, Section 2(b) of the Forbearance Agreement shall be amended and restated in its entirety to read as follows:

  • Specific Amendments to Credit Agreement The parties hereto agree that the Credit Agreement is amended as follows:

  • Amendment to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Forbearance Agreement Except as otherwise expressly provided herein, (i) the Forbearance Agreement is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects, except that on and after the date hereof (A) all references in the Forbearance Agreement to "this Forbearance Agreement ", "hereto", "hereof", "hereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this Amendment, and (B) all references in the Financing Agreement or any other Loan Document to the " Forbearance Agreement ", "thereto", "thereof", "thereunder" or words of like import referring to the Forbearance Agreement shall mean the Forbearance Agreement as amended and modified by this amendment. This Amendment shall be effective only in the specific instances and for the specific purposes set forth herein and does not allow for any other or further departure from the terms and conditions of the Forbearance Agreement or the Financing Agreement which terms and conditions shall remain in full force and effect. 6.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Loan Agreement is hereby amended as follows:

  • Amendments to Existing Credit Agreement Effective on (and subject to the occurrence of) the Effective Date, the Existing Credit Agreement is hereby amended in accordance with this Part II. Except as so amended, the Existing Credit Agreement shall continue in full force and effect.

  • Effect of Amendment and Restatement of the Existing Credit Agreement On the Closing Date, the Existing Credit Agreement shall be amended and restated in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation or termination of the “Obligations” (as defined in the Existing Credit Agreement) under the Existing Credit Agreement as in effect immediately prior to the Closing Date and which remain outstanding and (b) the “Obligations” (as amended and restated hereby and which are hereinafter subject to the terms herein) are in all respects continuing.

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!