Common use of Indebtedness; Amendments Clause in Contracts

Indebtedness; Amendments. (a) Section 7.1(g) of the Loan Agreement is hereby amended in its entirety to read as follows: (g) the Affiliate Loans, provided that (i) the aggregate principal amount of the Affiliate Loans shall not exceed $1,350,000 and (ii) the Borrowers shall not pay any principal of, interest on or any other amount in respect of such Affiliate Loans if an Event of Default exists or would arise after giving effect to any such payment."

Appears in 1 contract

Samples: Loan Agreement (General Datacomm Industries Inc)

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Indebtedness; Amendments. (a) Section 7.1(g) of the Loan Agreement is hereby amended in its entirety to read as follows: (g) the Affiliate Loans, provided that (i) the aggregate principal amount of the Affiliate Loans shall not exceed $1,350,000 850,000 and (ii) the Borrowers shall not pay any principal of, interest on or any other amount in respect of such Affiliate Loans if an Event of Default exists or would arise after giving effect to any such payment."

Appears in 1 contract

Samples: Loan Agreement (General Datacomm Industries Inc)

Indebtedness; Amendments. (a) Section 7.1(g) of the Loan Agreement is hereby amended in its entirety to read as follows: (g) the Affiliate Loans, provided that (i) the aggregate principal amount of the Affiliate Loans shall not exceed $1,350,000 1,100,000 and (ii) the Borrowers shall not pay any principal of, interest on or any other amount in respect of such Affiliate Loans if an Event of Default exists or would arise after giving effect to any such payment."

Appears in 1 contract

Samples: Loan Agreement (General Datacomm Industries Inc)

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Indebtedness; Amendments. (a) Section 7.1(g) of the Loan Agreement is hereby amended in its entirety to read as follows: (g) the Affiliate Loans, provided that (i) the aggregate principal amount of the Affiliate Loans shall not exceed $1,350,000 1,600,000 and (ii) the Borrowers shall not pay any principal of, interest on or any other amount in respect of such Affiliate Loans if an Event of Default exists or would arise after giving effect to any such payment."

Appears in 1 contract

Samples: Loan Agreement (General Datacomm Industries Inc)

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