AMENDMENTS TO THE CREDIT AGREEMENT AND THE PARTICIPATION AGREEMENT Sample Clauses

AMENDMENTS TO THE CREDIT AGREEMENT AND THE PARTICIPATION AGREEMENT. 4.1 The Credit Agreement On the Effective Date, the relevant provisions of the Credit Agreement shall be amended, read and construed so as to give effect to the provisions set out in sub-clauses 4. 1.1 to 4. 1.10 below: 4.1.1 The Parent shall procure (and each Borrower which has drawn an Advance shall repay its share of the Loan and accrued interest in order to ensure) that the Loan and all amounts of accrued interest are repaid in full on the Effective Date. No amount payable pursuant to this sub-clause 4.1.1 or in respect of an amount payable pursuant to this sub-clause 4.1.1 shall constitute an Overdue Amount for the purposes of the Participation Agreement. 4.1.2 Each of the parties hereto agrees that the Facilities will not be available for drawing and no Notice of Default may be given by the Participating Lender to the EIF during the period beginning on the Effective Date and ending on the earlier of: (i) the date falling six months after the Effective Date or, if before the end of such six month period the Parent has served a notice on the Facility Agent requesting an extension of three months, the date falling nine months after the Effective Date; (ii) the date upon which the Facilities are cancelled in full pursuant to the provisions of Clause 13 (Cancellation and Prepayment) of the Credit Agreement; and (iii) the date the Facilities are restructured to reflect the Enlarged Business Plan, (the "Restricted Period"). Each of the parties hereto acknowledges and confirms that the Banks shall be under no commitment to lend and the EIF shall not be obliged to make payments under the Participation Agreement during the Restricted Period. 4.1.3 The Parent and each of the Borrowers, jointly and severally, shall pay to the Facility Agent for the account of each Bank a commitment commission on the amount of such Bank's Tranche A Term Commitment and Revolving Commitment less, in the case of the Participating Lender, the Traded Proportion (as defined in the Participation Agreement) of the commitment commission calculated at the same rate and payable on the same days as it is calculated and payable under Clause 26.1 (Commitment Commission on the Tranche A Term Facility) and Clause 26.2 (Commitment Commission on the Revolving Facility) of the Credit Agreement. 4.1.4 The Parent and each of the Borrowers, jointly and severally, shall pay to the Facility Agent for the account of the EIF the Traded Proportion of the commitment commission referred to in sub-clause 4.1....
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Related to AMENDMENTS TO THE CREDIT AGREEMENT AND THE PARTICIPATION AGREEMENT

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

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendment to the Credit Agreement Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (the “Amendment No. 1 Effective Date”), the parties hereto agree that the Credit Agreement is hereby amended as follows:

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

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • Specific Amendments to Credit Agreement Upon the effectiveness of this Amendment, the parties hereto agree that the Credit Agreement shall be amended as follows: (a) The Credit Agreement is amended by adding the following definitions to Section 1.01 thereof in the appropriate alphabetical location:

  • Amendment to Credit Agreement (a) As of the Effective Date (as defined herein), Section 1.1 of the Credit Agreement is hereby amended by adding the following definitions in their appropriate alphabetical order:

  • Amendments to Original Credit Agreement On the Effective Date, the Original Credit Agreement shall be amended as follows: (a) Section 1.02 of the Original Credit Agreement shall be amended by adding the following definitions in appropriate alphabetical order:

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: (a) The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:

  • Amendments to Loan Documents Upon any such assignment, the Borrower and the Guarantors shall, upon the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment.

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