Amendments to Letter of Credit Agreement. The Existing LC Facility 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:
Amendments to Letter of Credit Agreement. Subject to the terms and conditions of this Amendment, the Letter of Credit Agreement shall be amended as follows:
Amendments to Letter of Credit Agreement. Effective as of July 31, 2013,
Amendments to Letter of Credit Agreement. Subject to the satisfaction of the conditions set forth in Section 6 herein:
Amendments to Letter of Credit Agreement. The LC Agreement is hereby specifically amended as set forth in this Section 2. As set forth and used in the LC Agreement, the term “Lease” shall mean “the Master Lease dated as of even date with this Agreement, as amended, modified or revised from time to time.”
Amendments to Letter of Credit Agreement. The Letter of Credit Agreement is hereby amended as follows: a. Section 5.12, contained in Annex VI attached to the Letter of Credit Agreement, is hereby deleted and, in lieu thereof, there is substituted therefor the following new Section 5.12:
Amendments to Letter of Credit Agreement. The Letter of Credit Agreement is amended as follows: a. Section 5.12, contained in Annex VI attached to the Letter of Credit Agreement, is hereby deleted and, in lieu thereof, there is substituted the following: "Section 5.12. MINIMUM CONSOLIDATED TANGIBLE NET WORTH PLUS SUBORDINATED DEBT. Permit its Minimum Consolidated Tangible Net Worth Plus Subordinated Debt as of the last day of any fiscal quarter to be less than (a) $42,691,000 PLUS (b) 75% of cumulative Consolidated Net Income after December 31, 1998 PLUS (c) Subordinated Debt LESS (d) intangible assets LESS (e) Consolidated Mandatorily Redeemable Stock, provided, however, in the event Catalina Lighting, Inc. purchases up to $2,000,000.00 worth of its issued and outstanding publicly traded common stock and at the time of said purchase there is no default under any other provision of the Credit Agreement, then the Minimum Consolidated Tangible Net Worth Plus Subordinated Debt covenant amounts provided above shall be reduced by the amount of said stock purchases up to, but not to exceed, $2,000,000.00." b. Section 5.14, contained in Annex VI attached to the Letter of Credit Agreement, is hereby deleted and, in lieu thereof, there is substituted the following: "Section 5.14.
Amendments to Letter of Credit Agreement. 1. Section 1.01 of the Letter of Credit Agreement is hereby amended by inserting the word "Original" immediately following the text "Initial Borrowing Date under the" appearing in said Section.
Amendments to Letter of Credit Agreement. A. The last subclause (ii) in the second sentence of the first paragraph of Section 1.1 of the Letter of Credit Agreement is hereby amended and restated in its entirety as follows:
Amendments to Letter of Credit Agreement. Subject to the satisfaction of the conditions set forth in Section 5 herein, the Letter of Credit Agreement shall be amended effective as of Amendment No. 1 Effective Date by deleting the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Letter of Credit Agreement attached as Exhibit A hereto.
