Carolina First Bank. (a) Lender hereby consents to an extension of the term of the Carolina Bank Documents to July 31, 2003.
(b) Lender's consent pursuant to Section 10(a), shall, however, be conditioned upon Lender's receipt, in form and substance satisfactory to Lender, of the written agreements between One Price and Carolina Bank setting forth the foregoing modification, together with, if required by Lender, a written confirmation by Carolina Bank of the continued effectiveness of the Intercreditor Agreement, dated May 16, 1997, between Lender and Carolina Bank, in form and substance satisfactory to Lender and accompanied by the written agreement and acknowledgment of One Price.
Carolina First Bank. 15.1 BISYS acknowledges that Client is a management company who, at present, has an agreement with Carolina First Bank to operate its Internet-based banking services branch (the "Internet Branch"). Client intends to use the BISYS Services provided under the Services Agreement for the Internet Branch. However, Client intends to purchase the Internet Branch from Carolina First in the near future and continue to operate it, including through the use of BISYS' Services, either under its own name or that of an affiliated company. Accordingly, BISYS and Client agree that Paragraph 6(C) of the Agreement is modified to permit Client to continue to use BISYS' Services initially in connection with Carolina First Bank and eventually as a stand-alone entity.
Carolina First Bank. (a) Subject to the terms and conditions set forth herein, Lender hereby (i) consents to an increase in the line of credit available for letters of credit issued for One Price's account under the Carolina Bank Documents from $5,000,000 to $8,000,000 and (ii) amends clause (i) of Section 9.9(g) of the Loan Agreement by deleting the figure "$5,000,000" and substituting the following therefor: "$8,000,000".
Carolina First Bank. (a) Lender hereby consents to an extension of the term of the Carolina Bank Documents for a period not to exceed an additional one year and an increase in the line of credit available for letters of credit issued for One Price's account thereunder from $3,000,000 to $4,000,000.
(b) Lender's consent pursuant to Section 6(a), shall, however, be conditioned upon Lender's receipt, in form and substance satisfactory to Lender, of the written agreements between One Price and Carolina Bank setting forth the foregoing modifications, together with, if required by Lender, a written confirmation by Carolina Bank of the continued effectiveness of the Intercreditor Agreement, dated May 16, 1997, between Lender and Carolina Bank, in form and substance satisfactory to Lender and accompanied by the written agreement and acknowledgment of One Price.
Carolina First Bank. (a) Lender hereby (i) consents to an extension of the term of the Carolina Bank Documents for a period not to exceed an additional one year and an increase in the line of credit available for letters of credit issued for One Price's account thereunder from $4,000,000 to $5,000,000 and (ii) amends clause (i) of Section 9.9(g) of the Loan Agreement by deleting the term "$3,000,000" and substituting the term "$5,000,000" therefor.
(b) Lender's consent pursuant to Section 5(a), shall, however, be conditioned upon Lender's receipt, in form and substance satisfactory to Lender, of the written agreements between One Price and Carolina Bank setting forth the foregoing modifications, together with, if required by Lender, a written confirmation by Carolina Bank of the continued effectiveness of the Intercreditor Agreement, dated May 16, 1997, between Lender and Carolina Bank, in form and substance satisfactory to Lender and accompanied by the written agreement and acknowledgment of One Price.
