Modification to Loan Agreement. 1 The Loan Agreement shall be amended by deleting the following definition appearing in Section 13.1 thereof:
Modification to Loan Agreement. A. Section 2 of the Schedule to the Loan Agreement is hereby amended by deleting same in its entirety and substituting the following therefor: "Interest Rate (Section 1.2):
Modification to Loan Agreement. A. Section 1.2 of the Loan Agreement is hereby amended by deleting the following text appearing therein in its entirety:
Modification to Loan Agreement. A. The Loan Agreement is hereby amended by deleting the following text appearing as Section 4.4 in its entirety:
Modification to Loan Agreement a. Section 5a. of the Schedule to the Loan Agreement is hereby amended by deleting same in its entirety and substituting the following therefor:
Modification to Loan Agreement. A. Section 1.2 of the Loan Agreement is hereby amended by inserting the following text as a new Section 1.2 D, immediately below the text of Section 1.2C: "1.2D TERM LOAN F. SUBJECT TO AND UPON THE TERMS AND CONDITIONS OF THIS AGREEMENT, SILICON SHALL MAKE A TERM LOAN TO BORROWER IN THE AMOUNT OF FIFTEEN MILLION DOLLARS ($15,000,000.00) ("TERM LOAN F"). THE PROCEEDS OF TERM LOAN F SHALL BE USED TO SATISFY BORROWER'S THEN OUTSTANDING OBLIGATIONS TO SILICON UNDER TERM LOAN D AND TERM LOAN E, WITH THE REMAINING PROCEEDS USED TO PROVIDE FOR THE FINANCING OF BORROWER'S WORKING CAPITAL NEEDS. COMMENCING ON JULY 1, 2006 AND CONTINUING ON FIRST DAY OF EACH MONTH THEREAFTER, BORROWER SHALL PAY TO SILICON (A) MONTHLY INSTALLMENTS OF PRINCIPAL EACH IN THE AMOUNT OF $416,666.66, PLUS (B) ACCRUED INTEREST ON THE OUTSTANDING AMOUNT OF TERM LOAN F AT THE RATE APPLICABLE TO TERM LOAN F AS SET FORTH ON THE SCHEDULE. THE ENTIRE OUTSTANDING PRINCIPAL BALANCE, PLUS ALL ACCRUED AND UNPAID INTEREST AND OTHER CHARGES UNDER TERM LOAN F SHALL BE DUE AND PAYABLE UPON THE MATURITY DATE APPLICABLE TO TERM LOAN F AS SET FORTH ON THE SCHEDULE."
Modification to Loan Agreement. (1) Section 6.13 of the Loan Agreement is hereby amended to read as follows:
Modification to Loan Agreement. 1. The definition of “Revolving Line Maturity Date” in Section 13.1 is hereby amended and restated in its entirety to read as follows:
Modification to Loan Agreement. A. Section 8 of the Loan Agreement is hereby amended by deleting the following definition of "Term Loan Reserve" in its entirety: ""TERM LOAN RESERVE" MEANS (A) FROM AUGUST __, 2006 THROUGH SEPTEMBER 30, 2006, A RESERVE EQUAL TO FIFTY PERCENT (50%) OF THE OUTSTANDING PRINCIPAL BALANCE OF TERM LOAN F; AND (B) FROM OCTOBER 1, 2006 AND THEREAFTER, A RESERVE EQUAL TO THIRTY-THREE PERCENT (33%) OF THE OUTSTANDING PRINCIPAL BALANCE OF TERM LOAN F; PROVIDED, HOWEVER, THAT, FROM AND AFTER OCTOBER 1, 2006, IN THE EVENT THAT LIQUIDITY IS (I) LESS THAN $20,000,000, THEN THE TERM LOAN RESERVE SHALL BE EQUAL TO FORTY PERCENT (40%) OF THE OUTSTANDING PRINCIPAL BALANCE OF TERM LOAN F, AND (II) LESS THAN $17,500,000, THEN THE TERM LOAN RESERVE SHALL BE EQUAL TO FIFTY PERCENT (50%) OF THE OUTSTANDING PRINCIPAL BALANCE OF TERM LOAN F." and substituting the following text therefor: ""TERM LOAN RESERVE" MEANS (A) FROM AUGUST 17, 2006 THROUGH DECEMBER 31, 2006, A RESERVE EQUAL TO FIFTY PERCENT (50%) OF THE OUTSTANDING PRINCIPAL BALANCE OF TERM LOAN F; AND (B) FROM JANUARY 1, 2007 AND THEREAFTER, A RESERVE EQUAL TO THIRTY-THREE PERCENT (33%) OF THE OUTSTANDING PRINCIPAL BALANCE OF TERM LOAN F; PROVIDED, HOWEVER, THAT, FROM AND AFTER JANUARY 1, 2007, IN THE EVENT THAT LIQUIDITY IS (I) LESS THAN $20,000,000, THEN THE TERM LOAN RESERVE SHALL BE EQUAL TO FORTY PERCENT (40%) OF THE OUTSTANDING PRINCIPAL BALANCE OF TERM LOAN F, AND (II) LESS THAN $17,500,000, THEN THE TERM LOAN RESERVE SHALL BE EQUAL TO FIFTY PERCENT (50%) OF THE OUTSTANDING PRINCIPAL BALANCE OF TERM LOAN F."
Modification to Loan Agreement. (a) The Loan Agreement shall be amended by deleting the following text appearing in Section 13.1 of the Loan Agreement: "Exim Maturity Date" is January 15, 2007." and inserting in lieu thereof the following: "Exim Maturity Date" is April 16, 2007."
