Modifications to Credit Agreement Sample Clauses
Modifications to Credit Agreement. As of the Effective Date (as defined in §4 hereof) the Credit Agreement is modified as follows:
Modifications to Credit Agreement. The Credit Agreement is hereby amended as follows:
Modifications to Credit Agreement. The Credit Agreement is hereby amended as follows:
(a) Section 7.11(a) of the Credit Agreement is hereby amended in its entirety to read as follows:
Modifications to Credit Agreement. All of the terms and conditions contained in the Credit Agreement and the other Credit Documents shall remain in full force and effect except as follows:
(a) Sections 9.8(a), 9.9, 9.10 and 9.11 of the Credit Agreement are deleted and the following are substituted therefor:
Modifications to Credit Agreement. Subject to satisfaction of the conditions contained in Section 2, the parties hereto agree that the Credit Agreement is modified as follows:
(a) The Credit Agreement is amended by adding the definitions of “Fitch”, “Lower Mt. Bethel Lease Financing”, “OFAC”, “Rating Agency”, “Regulation X”, “Sanctioned Entity” and “Sanctioned Person” to Section 1.01 thereof in the appropriate alphabetical location: “‘Fitch’ means Fitch, Inc. and its successors or, absent any such successor, such nationally recognized statistical rating organization as the Borrower and the Administrative Agent may select.”
Modifications to Credit Agreement. 1. The Credit Agreement shall be amended by deleting the following, appearing in Section 2.2(a) thereof:
Modifications to Credit Agreement. The Credit Agreement is hereby deemed modified to reflect all of the terms and provisions of Sections 3.01 and 3.02 above. Any breach by any Borrower (or other Credit Party) of any of the terms or provisions of Section 3.01 or of Article IV below or any other term or provision of this Agreement shall be deemed an Event of Default for all purposes.
Modifications to Credit Agreement. Section 7.11 of the Credit Agreement is deleted in its entirety and replaced with the following:
Modifications to Credit Agreement. As of the Amendment Effective Date (defined below), the following section and exhibit of the Credit Agreement are hereby revised, clarified and modified to be consistent with past practices and the parties’ original intent:
1.1.1 Section 1.1, “Definitions,” is hereby supplemented with the following additional definition in proper alphabetical order therein:
Modifications to Credit Agreement. Maturity Extended 12 months Amendments ● Any amendments to the Credit Agreement that increase the principal amount, rate or fees payable with respect to the Credit Agreement shall be commercially reasonable and on terms that could be obtained from non-affiliated third parties ● Any future borrowings under the Leucadia Credit Agreement that are consistent with past practice shall be permitted (e.g., additions to the loan balance made as a consequence of FXCM’s funding of Holding/ GLBR’s non-ordinary course expenses); provided that, following consummation of the Restructuring, any such increases in the Leucadia Credit Agreement balance shall not exceed $6 million in the aggregate, without the consent of Holdings and Noteholder Designated Member (as defined below) . Other ● Any other amendments or waivers necessary to issue the New Notes (including modifications to Permitted Payment definitions consistent with the above) Holdings LLC Agreement and corporate documents to be amended to provide for a Noteholder-designated special member of Holdings (“Noteholder Designated Member”) whose affirmative vote will be required as a condition to Holdings agreeing to the following actions: 1. A sale of the FXCM or Holdings pursuant to Section 12.3 of the FXCM LLC Agreement; but solely to the extent that Holdings’ consent or agreement is now required under the FXCM LLC Agreement for such sale. 2. Holdings agreeing to any amendment, modification or waiver of the FXCM LLC Agreement that results in modifications or waivers of the following provisions of the FXCM LLC Agreement, but solely to the extent that Holdings’ consent or agreement is now required under the FXCM LLC Agreement for such modification or waiver: a) The waterfall, permitted payment and other amendments to the FXCM LLC Agreement and the Holdings LLC Agreement made in connection with this exchange; b) amendment, modification or consent that directly or indirectly diminishes the Class A Unit Percentage in FXCM by Holdings below 50.1% (including, without limitation, Holdings’ consent rights under Section 5.1(a)) or materially impairs the rights and powers of the Class A Units held by Holdings; c) Any amendment, modification or waiver of Section 4.2, Section 4.3, Section 4.6, Section 4.7, Section 4.8, Section 4.9 or Section 4.11 of the FXCM LLC Agreement or any other action which directly or indirectly diminishes the right of the FXCM Holder (i.e., Holdings) to appoint at all times 50% of the Directors and its re...