Modifications to Loan Agreement. 1. The Loan Agreement shall be amended by deleting the following definition appearing in Section 13.1 thereof:
Modifications to Loan Agreement. The Loan Agreement shall be amended by deleting the following text appearing in Section 1 of the Schedule to the Loan Agreement:
Modifications to Loan Agreement. 1 The Loan Agreement shall be amended by inserting the following new Section 2.1.6 immediately following Section 2.1.5 thereof:
Modifications to Loan Agreement. 1. The Loan Agreement shall be amended by deleting the following text appearing in Section 2.1.1 thereof, entitled "Letters of Credit". "Bank will issue or have issued Letters of Credit for Borrower's a not exceeding (i) the lesser of the Committed A/R Revolving Line or the Borrowing Base minus (ii) the outstanding principal Balance of the Advances made under the Committed A/R Revolving Line, but the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any letter of Credit Reserve) may not exceed $250,000.00". and inserting in lieu thereof the following: "Bank will issue or have issued Letters of Credit for Borrower's account not exceeding (i) the lesser of the Committed A/R Revolving Line or the Borrowing Base minus (ii) the outstanding principal balance of the Advances made under the Committed A/R Revolving Line, but the face amount of outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve) may not exceed $3,500,000.00".
2. The Loan Agreement shall be amended by deleting the following text appearing in Section 2.3 thereof, entitled "Revolving Line Interest Rates, Payments": "Advances made under the Committed A/R Revolving Line accrue interest on the outstanding principal balance at a per annum rate of one percentage point above the Prime Rate." and inserting in lieu thereof the following: "Advances made under the Committed A/R Revolving Line accrue interest on the outstanding principal balance at a per annum rate equal to the aggregate of the Prime Rate, and one half of one percent (0.5%)."
3. The Loan Agreement shall be amended by deleting the following definitions appearing in Section 13.1 thereof: ""Committed A/R Revolving Line" is an aggregate Credit Extension of up to a total of $3,000,000.00.
Modifications to Loan Agreement. 1 The Loan Agreement shall be amended by deleting the following text appearing as Section 6.9
(a) thereof in its entirety:
Modifications to Loan Agreement. 1 The Loan Agreement shall be amended by deleting the following Section 6.2(d) (“Compliance Certificate”) thereof, in its entirety:
Modifications to Loan Agreement. 1. The following definitions shall be added in the appropriate place, based upon alphabetical order, to Section 1 "Definitions and Construction" of the Loan Agreement:
Modifications to Loan Agreement. The Loan Agreement is hereby amended as follows:
Modifications to Loan Agreement. 1 The Loan Agreement shall be amended by deleting the text appearing in each of (i) Section 2.1.2 (entitled “Letters of Credit Sublimit”), (ii) Section 2.1.3 (entitled “Foreign Exchange Sublimit”), and (iii) Section 2.1.4 (entitled “Cash Management Services Sublimit”) in their entirety and inserting in lieu of each of the foregoing “Intentionally Omitted”. 2 The Loan Agreement shall be amended by deleting the following provision appearing as Section 2.2 (Overadvances) thereof:
Modifications to Loan Agreement. The Loan Agreement shall be amended by deleting the following text appearing in Section 4 of the Schedule to the Loan Agreement: (Section 6.1): October 16, 2007” and inserting in lieu thereof the following: (Section 6.1): February 15, 2008”
