Definitional Amendments. The following definition contained in Section 1.01 of Article 1 of the Indenture is hereby amended and restated in its entirety as follows:
Definitional Amendments. The definition of “
Definitional Amendments. (A) The definitions of “Facility A”, and “Facility A Commitment Amount” set forth in the section of the Loan Agreement titled “Certain Definitions” are hereby deleted in their entirety and replaced with the following:
Definitional Amendments. (A) The definitions of “Revolving Commitment”, “Tangible Net Worth” and “Termination Date” that appear in the Agreement shall be deleted in their entirety and replaced with the following (for the sake of clarity, “Tangible Net Worth” shall be replaced by “Consolidated Net Worth”):
Definitional Amendments. (a) Appendix A of the Development Agreement is hereby amended by deleting the following defined terms: (i) First Flexible Building, (ii) 5-6 Year Liquidated Damages, (iii) Second Flexible Building and (iv) 10 Year Liquidated Damages.
(b) Appendix A of the Development Agreement is hereby amended by inserting the following definitions immediately before the definition of “Additional Affordable Housing Units”: 35% Requirement shall have the meaning set forth in Section 8.8(h) hereof. 1050 Date shall have the meaning set forth in Section 8.8(h) hereof.
(c) Appendix A of the Development Agreement is hereby amended by inserting the following definition immediately after the definition of “Affordable Housing Units”:
Definitional Amendments. Section 1.1 is further amended by:
(a) amending the definition of "Applicable Margin" as follows:
(i) by adding the following sentence at the end thereof: "Until the Quarterly Payment Date first occurring after Debt evidenced by the PRIDE AFRICA OFE Loan and the PRIDE ANGOLA Construction Loan have been repaid in full with proceeds of Limited Recourse Debt and satisfactory proof of such repayment is received by the Administrative Agent, each Applicable Margin found in the above table shall be increased by 0.50% and such increase shall apply to all Advances until the Quarterly Payment Date first mentioned in this Sentence;" and deleting the existing table therefrom and inserting the following table in lieu thereof: S&P/MOODY'S RATING OF PARENT RATIO XX GUARANTOR'S APPLICABLE MARGIN APPLICABLE MARGIN FUNDED DEBT TO UNSECURED FOR EURODOLLAR FOR BASE EBITDA SENIOR DEBT ADVANCES RATE ADVANCES -------------------------------------------------------------------------------------- Less than 1.50 to 1.00 BBB-/Baa3 or higher 1.50% 0.75% Greater than or equal to 50 to BB to BB+/ 1.75% 0.75% 1.00, but less than 2.00 1.00 Ba1 to Ba2 Greater than or equal to 2.00 to BB-/Ba3 2.00% 0.75% 1.00, but less than 2.50 to 1.00 Greater than or equal to 2.50 to B+/B1 2.25% 0.75% 1.00 ======================================================================================
(b) deleting the definition of "Applicable Rig Advance Rate" and replacing it with the following:
Definitional Amendments. (a) The definitions of “Additional Base Rate Interest Margin”, “Additional Libor Interest Margin”, “Applicable Percentage”, “Commitment Amount”, “Facility” or “Facilities”, “Hedging Contracts”, “Hedging Obligations”, “Loan”, “Obligation and Obligations”, “Percentage” and “Required Lenders”, set forth in the “Certain Definitions” section of the Loan Agreement are hereby deleted in their entirety and the following substituted in lieu thereof:
Definitional Amendments. (A) The definitions of “Revolving Commitment”, “Termination Date”, “Total Debt”, and “Total Debt to EBITDA Ratio” that appear in the Agreement shall be deleted in their entirety and replaced with the following: Revolving Commitment means $145,000,000.00 plus the Incremental Commitment, if any, as reduced from time to time pursuant to Section 6.1.
Definitional Amendments. The following definitional amendments are made to the preliminary section of the Lease titled "DEFINITIONS" (the "Definitional Section"):
(i) The definition of "Basic Rent Payment Date" is deleted in its entirety and is replaced with the following:
Definitional Amendments. The definitions of “EBITDA,” “Facility A”, “Facility A Commitment Amount” and “Key Man Life Insurance Policies” set forth in the section of the Loan Agreement titled “Certain Definitions” are hereby deleted in their entirety and replaced with the following:
