Common use of New Covenants Clause in Contracts

New Covenants. On or before June 30, 2002, the Borrower and the Lender shall agree on new covenant levels for Section 6.12, Section 6.13, Section 6.14 and Section 7.10 for periods after such date. The new covenant levels will be based on the Borrower's projections for such periods and shall be no less stringent than the present levels, but if the Borrower and the Lender do not agree, the Lender may designate the required amounts in its sole discretion and the failure by the Borrower to maintain the designated amounts shall constitute an Event of Default." 9. Section 7.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

New Covenants. On or before June 30, 2002, the Borrower and the Lender shall agree on new covenant levels for Section 6.12, Section 6.13, Section 6.14 6.13 and Section 7.10 for periods after such date. The new covenant levels will be based on the Borrower's projections for such periods and shall be no less stringent than the present levels, but if the Borrower and the Lender do not agree, the Lender may designate the required amounts in its sole discretion and the failure by the Borrower to maintain the designated amounts shall constitute an Event of Default." 917. Section 7.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

New Covenants. On or before June November 30, 20022007, the Borrower and the Lender shall agree on new covenant levels for Section Sections 6.12, Section 6.13, Section 6.14 6.14, 7.4(c) and Section 7.10 for periods after such date. The new covenant levels will be based on the Borrower's ’s projections for such periods and shall be no less stringent than the present levels, but if the Borrower and the Lender do not agree, the Lender may designate the required amounts in its sole discretion and the failure by the Borrower to maintain the designated amounts shall constitute an Event of Default."” 97. Section 7.10 7.4(c). Section 7.4(c) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

New Covenants. On or before June November 30, 20022006, the Borrower and the Lender shall agree on new covenant levels for Section Sections 6.12, Section 6.13, Section 6.14 6.14, 7.4(c) and Section 7.10 for periods after such date. The new covenant levels will be based on the Borrower's ’s projections for such periods and shall be no less stringent than the present levels, but if the Borrower and the Lender do not agree, the Lender may designate the required amounts in its sole discretion and the failure by the Borrower to maintain the designated amounts shall constitute an Event of Default."” 96. Section 7.10 7.4(c). Section 7.4(c) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

New Covenants. On or before June November 30, 20022005, the Borrower and the Lender shall agree on new covenant levels for Section Sections 6.12, Section 6.13, Section 6.14 6.14, 7.4(c) and Section 7.10 for periods after such date. The new covenant levels will be based on the Borrower's projections for such periods and shall be no less stringent than the present levels, but if the Borrower and the Lender do not agree, the Lender may designate the required amounts in its sole discretion and the failure by the Borrower to maintain the designated amounts shall constitute an Event of Default." 9. Section 7.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

New Covenants. On or before June November 30, 20022004, the Borrower and the Lender shall agree on new covenant levels for Section Sections 6.12, Section 6.13, Section 6.14 and Section 7.10 for periods after such date. The new covenant levels will be based on the Borrower's ’s projections for such periods and shall be no less stringent than the present levels, but if the Borrower and the Lender do not agree, the Lender may designate the required amounts in its sole discretion and the failure by the Borrower to maintain the designated amounts shall constitute an Event of Default."” 95. Section 7.10. Section 7.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

New Covenants. On or before June November 30, 20022003, the Borrower and the Lender shall agree on new covenant levels for Section Sections 6.12, Section 6.13, Section 6.14 and Section 7.10 for periods after such date. The new covenant levels will be based on the Borrower's projections for such periods and shall be no less stringent than the present levels, but if the Borrower and the Lender do not agree, the Lender may designate the required amounts in its sole discretion and the failure by the Borrower to maintain the designated amounts shall constitute an Event of Default." 9. Section 7.10. Section 7.10 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: