Amendments to Section 2.07 Sample Clauses

Amendments to Section 2.07. Section 2.07 is hereby amended by: (a) amending Section 2.07(a) in its entirety to read as follows: (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing (including converting a Eurocurrency Borrowing denominated in Dollars into a Eurocurrency Borrowing denominated in Euros) to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Revolving Borrowing, may elect Interest Periods therefor, all as provided in this Section; provided that no Eurocurrency Borrowing denominated in Euros may be continued as, or converted into, a Borrowing denominated in Dollars. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Competitive Borrowings, which may not be converted or continued.” (b) adding the words “the currency of such Borrowing, which shall be either Dollars or Euros, and” after the words “Eurocurrency Borrowing,” in clause (iv) of Section 2.07(c). (c) adding the following sentence after the last line of Section 2.07(c): “If an Interest Election Request requests a Eurocurrency Borrowing but does not specify a currency, then the Borrower shall be deemed to have selected Dollars in the case of a conversion of an ABR Borrowing to a Eurocurrency Borrowing, and in the case of a continuation of a Eurocurrency Borrowing, the same currency in which such Borrowing being continued is denominated.” (d) adding the words “, in the case of a Eurocurrency Borrowing denominated in Dollars,” after the words “Interest Period” in the fourth line of Section 2.07(e); adding the words “denominated in Dollars” after the words “Revolving Borrowing” in the ninth line of Section 2.07(e); deleting the word “and” in the ninth line of Section 2.07(e) and replacing it with a comma; and adding the following words after the word thereto in the last line thereof: “and (iii) unless repaid, each Eurocurrency Revolving Borrowing denominated in Euros shall be continued as a Eurocurrency Borrowing denominated in Euros having an Interest Period o...
Sample 1Sample 2
AutoNDA by SimpleDocs
Amendments to Section 2.07. (a) Section 2.07(d) is hereby amended by deleting the second to last sentence thereof in its entirety and replacing it with the following: Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination pursuant to this Section 2.07(d) or the next adjustment to the Borrowing Base under Section 2.07(e), Section 2.07(f), Section 8.13(c) or Section 9.12(d), whichever occurs first. (b) Section 2.07 is hereby amended by adding the following at the end of such Section:
Sample 1
Amendments to Section 2.07. (a) Section 2.07(e) is hereby amended and restated in its entirety to read as follows:
Sample 1

Related to Amendments to Section 2.07

  • Amendments to Section 1.01. (i) The following definitions are hereby added to Section 1.01 of the Credit Agreement in appropriate alphabetical order:

  • Amendments to Section 2 01. Section 2.01 of the Credit Agreement is hereby amended as follows: (a) Section 2.01(a) is hereby amended and restated in its entirety to read as follows:

  • Amendments to Section 5 1 of the Original Indenture. Solely for the purpose of determining Events of Default with respect to the 2023 Notes, paragraphs Section 5.1(e), Section 5.1(f) and Section 5.1(h) of the Original Indenture shall be amended such that each and every reference therein to the Issuer shall be deemed to mean either the Issuer or Consumers.

  • Amendments to Section 7 11. Section 7.11 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendments to Section 8 7. Section 8.7 of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendments to Section 6 06. Section 6.06 of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendments to Section 1.1 Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions, in proper alphabetical order, as follows:

  • Amendments to Section 1 1. Section 1.1 of the Existing Credit Agreement is hereby amended by inserting the following definitions in such Section in the appropriate alphabetical sequence:

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

  • Amendments to Section 9 Section 9 of the Existing Credit Agreement is hereby amended as follows:

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