AMENDMENTS TO CREDIT AND GUARANTEE AGREEMENT Sample Clauses

AMENDMENTS TO CREDIT AND GUARANTEE AGREEMENT. 2.1 AMENDMENTS TO ARTICLE 3, ARTICLE 5 AND ARTICLE 13 (a) Section 3.2 of the Credit and Guarantee Agreement is hereby deleted and replaced with the following: "Each Canadian Borrower may borrow C$ Prime Rate Loans during the Commitment Period on any Business Day, provided that such Canadian Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon, Local Time, two Business Days prior to the requested Borrowing Date), specifying (a) the amount to be borrowed and (b) the requested Borrowing Date, provided, that C$ Prime Rate Loans may also be borrowed on a one Business Day notice basis so long as (x) any notice of such a borrowing shall be received by the Administrative Agent prior to 11:00 A.M., Local Time, on the Business Day immediately preceding the requested Borrowing Date and (y) the aggregate outstanding principal amount of C$ Prime Rate Loans borrowed pursuant to this proviso shall not exceed C$300,000,000 at any one time). Each borrowing of C$ Prime Rate Loans shall be in an amount equal to at least C$10,000,000 or a whole multiple of C$5,000,000 in excess thereof. Upon receipt of any such notice from a Canadian Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each such borrowing, by reference to its respective Commitment Percentage, available to the Administrative Agent for the account of the relevant Canadian Borrower at the Toronto Administrative Office prior to 11:00 A.M., Local Time, on the Borrowing Date requested by such Canadian Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the relevant Canadian Borrower by the Administrative Agent crediting the account of such Canadian Borrower on the books of such Administrative Office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent." (b) Subsection 5.3(c)(y) is hereby deleted in its entirety and replaced with the following: "(y) on or prior to the date which is 90 days after the relevant Extension Request Deadline, cause one or more banks or other financial institutions to purchase at par, pursuant to Section 13.6(d), all or part of such Non-Extending Lender's Commitment and outstanding Loans on the basis as if such Non-Extending Lender had extended the Termination Dat...
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AMENDMENTS TO CREDIT AND GUARANTEE AGREEMENT 

Related to AMENDMENTS TO CREDIT AND GUARANTEE AGREEMENT

  • Amendments to Credit Agreement (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order:

  • Specific Amendments to Credit Agreement Upon the effectiveness of this Amendment, the parties hereto agree that the Credit Agreement shall be amended as follows: (a) The Credit Agreement is amended by adding the following definitions to Section 1.01 thereof in the appropriate alphabetical location:

  • 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 to Loan Agreement 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.

  • Amendment to Credit Agreement (a) As of the Effective Date (as defined herein), Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions in their appropriate alphabetical order:

  • Amendments to Loan Documents Upon any such assignment, the Borrower and the Guarantors shall, upon the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment.

  • 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:

  • Amendments to Security Documents Except to the extent otherwise expressly set forth in the Guarantee and Security Agreement or the other Loan Documents, no Security Document nor any provision thereof may be waived, amended or modified, nor may the Liens granted under the Guarantee and Security Agreement be spread to secure any additional obligations (excluding (x) any increase in the Loans and Letters of Credit hereunder pursuant to a Commitment Increase under Section 2.08(e), (y) any increase in any Other Secured Indebtedness or Shorter Term Secured Indebtedness permitted hereunder and (z) the spreading of such Liens to any Designated Indebtedness or Hedging Agreement Obligations (as defined in the Guarantee and Security Agreement) as provided for in the Guarantee and Security Agreement), except pursuant to an agreement or agreements in writing entered into by the Borrower, and by the Collateral Agent with the consent of the Required Lenders; provided that, (i) except as otherwise expressly permitted by the Loan Documents, without the written consent of each Lender and each Issuing Bank, no such agreement shall release all or substantially all of the Obligors from their respective obligations under the Security Documents and (ii) except as otherwise expressly permitted by the Loan Documents, without the written consent of each Lender and each Issuing Bank, no such agreement shall release all or substantially all of the collateral security or otherwise terminate all or substantially all of the Liens under the Security Documents, alter the relative priorities of the obligations entitled to the Liens created under the Security Documents (except in connection with securing additional obligations equally and ratably with the Loans and other obligations hereunder) with respect to all or substantially all of the collateral security provided thereby, except that no such consent shall be required, and the Administrative Agent is hereby authorized (and so agrees with the Borrower) to direct the Collateral Agent under the Guarantee and Security Agreement to, and in addition to the rights of such parties under the Guarantee and Security Agreement, the Administrative Agent and the Collateral Agent under the Guarantee and Security Agreement may, (1) release any Lien covering property (and to release any such guarantor) that is the subject of either a disposition of property not prohibited hereunder (including, without limitation, any property subject to a participation or repurchase transaction) or a disposition to which the Required Lenders or the required number or percentage of Lenders have consented (and such Lien shall be released automatically (A) to the extent provided in Section 10.03 of the Guarantee and Security Agreement and (B) to the extent permitted hereunder in connection with any property becoming subject to a participation or repurchase transaction), and (2) release from the Guarantee and Security Agreement any “Subsidiary Guarantor” (and any property of such Subsidiary Guarantor) that is designated as a “Designated Subsidiary” or becomes an Excluded Asset or an Immaterial Subsidiary in accordance with this Agreement or is otherwise no longer required to be a “Subsidiary Guarantor” (including, without limitation, because it ceases to be consolidated on the Borrower’s financial statements), so long as immediately after giving effect to any such release under this clause (2) and any Concurrent Transactions, (A) the Covered Debt Amount does not exceed the Borrowing Base and the Borrower delivers a certificate of a Financial Officer to such effect to the Administrative Agent, (B) either (I) the amount of any excess availability under the Borrowing Base immediately prior to such release is not diminished as a result of such release or (II) the Adjusted Gross Borrowing Base immediately after giving effect to such release is at least 110% of the Covered Debt Amount and (C) no Event of Default has occurred and is continuing.

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

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