AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT Sample Clauses

AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT. Subject to the terms and conditions of this Amendment, including without limitation the fulfillment of the conditions precedent specified in Section 7 below, the Letter of Credit Agreement is hereby amended as follows:
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AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT. (a) The definition of "BORROWING BASE" is hereby amended by adding a new proviso at the end of this definition reading in its entirety as follows: "provided, further, however, that upon the closing of the ChevronTexaco Disposition, on the "Effective Date" as defined in the ChevronTexaco Marketing Agreement, (i) the LC Agent's right to reduce Advance Rates as set forth in the above proviso shall be permanently terminated, (ii) the reference to "$65,000,000" in clause (i)(L) above shall be amended to "$25,000,000", and (iii) clauses (v) and (vi) of this definition shall be deleted in their entireties; provided, further, that on February 29, 2004, if the aggregate MTBE Net Proceeds as of such date shall be less than $10,000,000, clause (i)(L) above shall be further amended by reducing the amount referred to therein by the Shortfall Amount multiplied by a factor of 2.5; provided, further, that after February 29, 2004, upon receipt by the Collateral Agent of additional MTBE Net Proceeds, as of the date of such receipt, there shall be added to the then current amount in clause (i)(L) above an amount equal to such MTBE Net Proceeds multiplied by a factor of 2.5."
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AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT. (a) Section 6 of the face of the Letter of Credit Agreement shall be amended by changing the expiration date from "May 21, 2004" to "May 20, 2005".
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AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT. (a) The defined terms "Amendment No. 2", "ChevronTexaco Disposition" "ChevronTexaco Marketing Agreement" and "
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AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT. Subject to the terms and conditions of this Amendment, including without limitation the fulfillment of the conditions precedent specified in Section 6 below, the Letter of Credit Agreement is hereby amended by deleting Schedule 3.19 in its entirety and substituting, in lieu thereof, the schedule attached hereto as Attachment A.
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AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT. (a) The definition of "BORROWING BASE" is hereby amended by adding a new clause (v) and a new clause (vi), each reading in its entirety as follows:
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AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT. (a) The second proviso in the definition of "Borrowing Base" in Section I of the Letter of Credit Agreement is hereby amended to read in its entirety as follows: provided, further, however, that on December 31, 2003, (i) the LC Agent's right to reduce Advance Rates as set forth in the above proviso shall be permanently terminated, (ii) the reference to "$65,000,000" in clause (i)(L) above shall be amended to "$25,000,000", and (iii) clauses (v) and (vi) of this definition shall be deleted in their entireties;
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AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT 
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Related to AMENDMENTS TO THE LETTER OF CREDIT AGREEMENT

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

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

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

  • Specific Amendments to Credit Agreement The parties hereto agree that the Credit Agreement is amended as follows:

  • The Letter of Credit Facility (a) On the terms and conditions set forth herein (i) the Issuing Bank agrees, in reliance upon the agreements of the other Lenders set forth in this SECTION 3.01, (A) from time to time on any Business Day during the period from the Execution Date to the Termination Date to issue Letters of Credit for the account of the Company, and to amend or renew Letters of Credit previously issued by it, in accordance with SUBSECTIONS 3.02(c) and 3.02(e), and (B) to honor drafts under the Letters of Credit; and (ii) the Lenders severally agree to participate in Letters of Credit Issued for the account of the Company; provided, that the Issuing Bank shall not be obligated to Issue, and no Lender shall be obligated to participate in, any Letter of Credit if, as of the date of Issuance of such Letter of Credit (the "ISSUANCE DATE"), after giving effect to such Issuance, (1) the Effective Amount of all L/C Obligations plus the Effective Amount of all Revolving Loans would exceed the lesser of (x) the combined Commitments and (y) the Borrowing Base, or (2) the Effective Amount of the L/C Obligations would exceed the L/C Commitment. Within the foregoing limits, and subject to the other terms and conditions hereof, the Company's ability to obtain Letters of Credit shall be fully revolving, and, accordingly, the Company may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit which have expired or which have been drawn upon and reimbursed.

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

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

  • Amendments to Original Credit Agreement On the Effective Date, the Original Credit Agreement shall be deemed to be amended as follows:

  • Amendments to the Loan and Security Agreement (a) The Loan and Security Agreement shall be amended as follows effective as of the Amendment Effective Date:

  • Issuance, Amendment and Renewal of Letters of Credit (a) Each Letter of Credit shall be issued upon the irrevocable written request of the Company received by the Issuing Bank (with a copy sent by the Company to the Agent) at least three days (or such shorter time as the Issuing Bank may agree in a particular instance in its sole discretion) prior to the proposed date of issuance. Each such request for issuance of a Letter of Credit shall be by facsimile, confirmed immediately in an original writing, in the form of an L/C Application, and shall specify in form and detail satisfactory to the Issuing Bank: (i) the proposed date of issuance of the Letter of Credit (which shall be a Business Day); (ii) the face amount of the Letter of Credit; (iii) the expiry date of the Letter of Credit; (iv) the name and address of the beneficiary thereof; (v) the documents to be presented by the beneficiary of the Letter of Credit in case of any drawing thereunder; (vi) the full text of any certificate to be presented by the beneficiary in case of any drawing thereunder; and (vii) such other matters as the Issuing Bank may require.

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