Loan Amendments Sample Clauses

Loan Amendments. The defined term Loan Repayment Date, pursuant to Section 1.1 of the Loan, was as follows:

Loan Amendments. Trapolla agrees that it will not, directly or indirectly, amend, modify or extend the Loan or Credit Agreement without Guarantor’s prior written approval.

Loan Amendments. Subject to the prior satisfaction of the conditions precedent described in Section 3 hereof, pursuant to Section 9.14 of the Loan Agreement, the Administrative Agent, the Collateral Agent and the Required Group Agents hereby agree to amend the Loan Agreement as follows: a. The Table of Contents of the Loan Agreement is amended by amending and restating the title of Appendix 6 as “System Information included in System Consolidator”. Section 1.1 of the Loan Agreement is amended by amending and restating in its entirety the definition of “Applicable Margin”:

Loan Amendments. The Company and CVC shall have executed and delivered the Amendment No. 6 to Loan Agreement (which, among other things, extends and reduces the Revolving Credit Commitment under and as defined in the Loan Agreement), and the Company shall have executed and delivered to the Lender the Amended and Restated Revolving Credit Note described in such Amendment No. 6 to Loan Agreement.

Loan Amendments. The Loan Amendments have been duly and validly authorized by the Company and the Guarantors, as applicable, and are the valid and legally binding obligation of the Company and the Guarantors, as applicable, enforceable against the Company and the Guarantors, as applicable, in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles. Any certificate signed by an officer of the Company or any Guarantor and delivered to the Initial Purchasers or to counsel for the Initial Purchasers shall be deemed to be a representation and warranty by the Company or such Guarantor, as the case may be, to each Initial Purchaser as to the matters set forth therein.

Loan Amendments. In connection with this Agreement, Borrower and Lender agree to amend the outstanding loan as follows: a. The Delivery/Use of Proceeds Section 4(b) of the Note is amended as follows: Funds from the Note for payment of operating expenses are fully disbursed. Up to $100,000.00 of the remaining undisbursed balance of the Note shall be disbursed to Borrower, subject to conditions described below, to be used by Borrower to fund its legal fees in a defense of any action relating to the Fair Oaks, Indiana facility and improvements owned by Borrower. Lender’s obligation to disburse additional loan funds shall be limited by Borrower’s obligation to raise $3,000,000.00 in additional investment, as more particularly described in Section 8(h) below. The portion of the $100,000.00 in undisbursed funds available for disbursement shall equal the proportion of the $3,000,000.00 in subsequent investment contributions raised by Borrower. For example, to date, ▇▇▇▇▇▇▇▇ has raised $451,000.00 of the $3,000,000 (15.03%) that Borrower committed to raise. Thus, up to $15,030.00 is available for disbursement, subject to the additional conditions in this Agreement and this section. Lender shall disburse funds to Borrower after Borrower provides Lender with invoices and all other documentation requested by ▇▇▇▇▇▇ to document the legal fees described in this section. Lender’s obligation to disburse additional loan proceeds will immediately terminate upon the event of a Forbearance Default, and the maximum amount of additional funds to be disbursed by Lender shall be $100,000.00.