Common use of Amendments to Existing Loan Agreement Clause in Contracts

Amendments to Existing Loan Agreement. Subject to the satisfaction (or waiver in writing by the Lenders) of the conditions precedent set forth in Section 4 hereof, (a) the Existing Loan Agreement (other than the signature pages, other Exhibits and Schedules thereto) is hereby amended (i) to delete the red or green stricken text (indicated textually in the same manner as the following examples: stricken text and stricken text) and (ii) to add the blue or green double-underlined text (indicated textually in the same manner as the following examples: double-underlined text and double-underlined text) as set forth in the marked copy of the Loan Agreement attached as Exhibit A hereto and (b) Exhibit D of the Existing Loan Agreement is hereby amended and restated in the form attached as Exhibit B hereto. The parties hereto acknowledge and agree that each amendment to the Existing Loan Agreement reflected in Exhibit A shall be effective as if individually specified in this Amendment No. 7 (the parties further acknowledging that amending the Existing Loan Agreement thereto by reference to Exhibit A provides a convenience to the parties to permit the amended terms to be read in the context of the full Loan Agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Vertex Energy Inc.)

AutoNDA by SimpleDocs

Amendments to Existing Loan Agreement. Subject to the satisfaction (or waiver in writing by the Lenders) of the conditions precedent set forth in Section 4 hereof, (a) the Existing Loan Agreement (other than the signature pages, other Exhibits and Schedules thereto) is hereby amended (i) to delete the red or green stricken text (indicated textually in the same manner as the following examples: stricken text and stricken text) and (ii) to add the blue or green double-underlined text (indicated textually in the same manner as the following examples: double-underlined text and double-underlined text) as set forth in the marked copy of the Loan Agreement attached as Exhibit A hereto and (b) Exhibit D of the Existing Loan Agreement is hereby amended and restated in the form attached as Exhibit B hereto. The parties hereto acknowledge and agree that each amendment to the Existing Loan Agreement reflected in Exhibit A shall be effective as if individually specified in this Amendment No. 7 8 (the parties further acknowledging that amending the Existing Loan Agreement thereto by reference to Exhibit A provides a convenience to the parties to permit the amended terms to be read in the context of the full Loan Agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Vertex Energy Inc.)

Amendments to Existing Loan Agreement. Subject to the satisfaction (or waiver in writing by the Lenders) of the conditions precedent set forth in Section 4 hereof, (a) the Existing Loan Agreement (other than the signature pages, other Exhibits and Schedules thereto) is hereby amended (i) to delete the red or green stricken text (indicated textually in the same manner as the following examples: stricken text and stricken text) and (ii) to add the blue or green double-underlined text (indicated textually in the same manner as the following examples: double-underlined text and double-underlined text) as set forth in the marked copy of the Loan Agreement attached as Exhibit A hereto and (b) Exhibit D of the Existing Loan Agreement is hereby amended and restated in the form attached as Exhibit B hereto. The parties hereto acknowledge and agree that each amendment to the Existing Loan Agreement reflected in Exhibit A shall be effective as if individually specified in this Amendment No. 7 6 (the parties further acknowledging that amending the Existing Loan Agreement thereto by reference to Exhibit A provides a convenience to the parties to permit the amended terms to be read in the context of the full Loan Agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Vertex Energy Inc.)

AutoNDA by SimpleDocs

Amendments to Existing Loan Agreement. Subject to the satisfaction (or waiver in writing by the Existing Lenders) of the conditions precedent set forth in Section 4 3 hereof, (a) the Existing Loan Agreement and Schedules 1, 2.1(a), and 6.19 thereto (other than the signature pages, other Exhibits and other Schedules thereto) is are hereby amended (i) to delete the red or green stricken text (indicated textually in the same manner as the following examples: stricken text and stricken text) and (iib) to add the blue or green double-underlined text (indicated textually in the same manner as the following examples: double-underlined text and double-underlined text) ), in each case, as set forth in the marked copy of the Loan Agreement attached as Exhibit A hereto and (b) Exhibit D of the Existing Loan Agreement is hereby amended and restated in the form attached as Exhibit B hereto. The parties hereto acknowledge and agree that each amendment to the Existing Loan Agreement reflected in Exhibit A is and shall be effective as if individually specified in this Amendment No. 7 5 (the parties further acknowledging that amending the Existing Loan Agreement thereto by reference to Exhibit A provides a convenience to the parties to permit the amended terms to be read in the context of the full Loan Agreement).

Appears in 1 contract

Samples: Loan and Security Agreement (Vertex Energy Inc.)

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