Amendments to Principal Agreement. The Principal Agreement shall, with effect on and from the Effective Date, be (and it is hereby) amended so as to read in accordance with the form of the amended and restated Loan Agreement set out in schedule 3 and (as so amended) will continue to be binding upon the Creditors and the Borrowers in accordance with its terms as so amended and restated.
Amendments to Principal Agreement. The Principal Agreement shall, with effect on and from the Effective Date, be (and it is hereby) amended in accordance with the following provisions (and the Principal Agreement (as so amended) will continue to be binding upon the Bank and the Borrowers upon such terms as so amended):
3.1.1 by deleting the definitions of "Corporate Guarantee", "Sifnos Deed of Covenant" and "Sifnos Mortgage" in clause 1.2 of the Principal Agreement in their entirety and by inserting in their place the following new definitions in the correct alphabetical order:
Amendments to Principal Agreement. The Principal Agreement shall, with effect on and from the Effective Date, be (and it is hereby) amended in accordance with the following provisions (and the Principal Agreement (as so amended) will continue to be binding upon each of the parties hereto upon such terms as so amended):
3.1.1 by deleting the existing definition of “Management Agreement” in clause 1.2 and by inserting the following definitions of “Conditions Date”, “Corporate Guarantee”, “Corporate Guarantor” “Hadjioannou Family”, “Management Agreement” and “Supplemental Agreement” in the correct alphabetical order in clause 1.2:
Amendments to Principal Agreement. The Principal Agreement shall, with effect on and from the Effective Date, be (and it is hereby) amended in accordance with the following provisions (and the Principal Agreement (as so amended) will continue to be binding upon the Creditors and the Borrowers upon such terms as so amended):
3.1.1 by deleting the definition of "Aegean Marine Guarantee" in clause 1.2 of the Principal Agreement and by inserting in its place the following new definition of "Aegean Marine Guarantee":
Amendments to Principal Agreement. The Principal Agreement shall, with effect on and from the Effective Date, be deemed (and is hereby deemed) to have been amended as of 13 March 2009 in accordance with the following provisions (and the Principal Agreement (as so deemed to have been amended) will continue to be binding upon each of the parties hereto upon such terms as so deemed to have been amended):
3.1.1 by deleting in clause 1.2 of the Principal Agreement the definitions of “Margin” and “Supplemental Agreement”;
3.1.2 by inserting in clause 1.2 of the Principal Agreement the following new definitions of “Approved Charter”, “Borrower’s Account”, “Borrower’s Account Pledge”, “First Supplemental Agreement”, “Margin”, “Second Supplemental Agreement”, “Supplemental Agreements” and “Suspension Notice” in the correct alphabetical order:
Amendments to Principal Agreement. As from the date of this Supplemental Agreement, the Principal Agreement is amended as follows: (a) (clause 1.1): the definition of "Availability Period" in clause 1.1 is deleted and the following definition is inserted in its place:
Amendments to Principal Agreement. 5.1. It is hereby recorded and agreed between the Parties that the Principal Agreement shall be substituted, with effect from the Effective Date, with the following provisions set out in clases 5.2 and 5.3 below.
Amendments to Principal Agreement. 2.1 Amendments The Principal Agreement is amended as set out in schedule 1.
2.2 Agreement to be Tabled in Parliaments A copy of this agreement shall be tabled in the Commonwealth and the State Parliaments within 15 sitting days from the date on which this agreement is made.
Amendments to Principal Agreement. The Principal Agreement shall be amended as follows:
2.1 Section 3.1 shall be deleted and replaced by the following new Section:
3.1 The aggregate consideration payable by the Purchaser to the Vendors in respect of the sale of the Shares shall be (pound)27,000,000 consisting of:
3.1.1 (pound)3,095,293.84 in cash;
3.1.2 (pound)1,654,706.16 in Loan Notes issued pursuant to a deed poll in the form of the Deed Poll Constituting Unsecured Loan Notes due 6 April 2000 set out in Schedule 11, to be issued to the Vendors on Completion in the amounts set out against their names in column 4 of Schedule 1, Part A;
3.1.3 (pound)2,500,000 in Loan Notes issued pursuant to a deed poll in the form of the Deed Poll Constituting Unsecured Loan Notes due 30 June 2000 set out in Schedule 12, to be issued to the Vendors on Completion in the amounts set out against their names in column 4 of Schedule 1, Part A; and
3.1.4 (pound)19,750,000 in Purchaser Shares (placed in escrow on Completion and released in tranches thereafter in accordance with the Escrow Agreement) as described in Section 3.3." New Schedule 11 and Schedule 12 referred to above are attached to this Agreement.
2.2 Section 6.1.4 shall be deleted and replaced by the following new Section:
Amendments to Principal Agreement. The parties agree that the Principal Agreement shall be amended in the manner set out below;-
