Amendments to Loan Agreements. (a) Section 1.1 of the Initial Loan Agreement is hereby amended by amending and restating the following definitions in their entirety as follows:
Amendments to Loan Agreements. Immediately upon the satisfaction of each of the conditions precedent set forth in Section 2 below:
Amendments to Loan Agreements. Subject to the occurrence of the Effective Date pursuant to Section 19 hereof:
Amendments to Loan Agreements. Each of the Loan Agreements is hereby amended as follows:
Amendments to Loan Agreements. Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 2 below, on and after the date hereof, the parties hereto agree as follows:
Amendments to Loan Agreements. As long as the Loans are outstanding, the Company shall provide written notice to the Lenders of any amendment or modification of a Loan Agreement, provided that the Company shall receive the prior written approval of the Representative for the following amendment or modification in a Loan Agreement: early repayment(s) of existing loans as of the First Closing (principal or interest) in an aggregate amount exceeding US$1,000,000 compared to the Repayment Schedule under the Loan Agreements set forth on Schedule 3.1 attached hereto (regardless of changes of amounts between the lenders under the Repayments Schedules). It is hereby clarified that early repayment of up to 14 days shall not be counted for purpose of this Section. In the event that the Repayment Notice (as such term is defined in Section 3.13) states that the Company will not be able to fully repay the Obligations, then, commencing on the date of such Repayment Notice and until full repayment of the Obligations, the Company shall be required to receive the prior written approval of the Lenders for any amendments or modifications of the Loan Agreements that derogate from the Lenders’ rights under the Transaction Documents. The foregoing does not derogate from the Company’s rights to borrow new loans and credit facilities subject to the Maximum Indebtedness provisions, provided, that the Company shall provide a copy of the relevant loan agreement and ancillary documentation entered into in connection with such additional loans and credit facilities. Notwithstanding the foregoing, (i) the Company may take on-call loans and revolver loans from banks and financial institutions, subject to the Maximum Indebtedness, and such loans shall not be considered as an early repayment compared to the Repayment Schedule and shall not be considered a breach of the provisions of this section; and (ii) the Company may take new loans (not included in the Repayment Schedule), subject to the Maximum Indebtedness, in an aggregate amount of up to $2,000,000 with maturity dates prior to the Initial Payment Date and may repay such loans when they become mature regardless of the restrictions stated in this section above.
Amendments to Loan Agreements. 5.1 The parties hereto agree that with effect from the Effective Date the DEG “A” Loan Agreement and the DEG “B” Loan Agreement shall be amended as follows:
