New Financial Covenants. The Credit Agreement is hereby amended by adding new Subsections 6.22 through 6.26 as follows:
New Financial Covenants. On or before December 26, 2004, the Borrower and the Lender shall agree on the new dollar amount for such covenant levels for Section 6.2(a), Section 6.2(b) and Section 6.2(c) for periods after such date. The new Financial Covenants will be based on the Borrower's projections for such periods and shall be no less stringent than the present Financial Covenants, but if the Borrower and the Lender do not agree after good faith negotiations, 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."
New Financial Covenants. On or before December 31, 2002, the Borrower and the Lender shall agree on new covenant levels for this Section 6.2 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, based on the Borrower's projections for such periods, and such covenants shall be no less stringent than the present levels. The failure by the Borrower to maintain such designated amounts shall constitute an Event of Default.
New Financial Covenants. From and after the Amendment Effective Date, Section 7.11 is hereby amended to add the following additional covenants in the designated sequence to Section 7.11 of the Credit Agreement:
New Financial Covenants. Section 7.10 of the Credit Agreement is hereby further amended by adding the following three new paragraphs, paragraph (f), paragraph (g) and paragraph (h), to Section 7.10 immediately after paragraph (e) thereof:
New Financial Covenants. Provide to the Agent, as soon as reasonably practicable, and in any event within three (3) Business Days after the effectiveness thereof, a copy of any amendments to the Credit Agreement, or any successor revolving credit facilities, together with a written description of any changes in financial covenants or New Financial Covenants.
New Financial Covenants. The financial covenants set forth in Article 7 of the Credit Agreement are hereby amended and restated in their entirety as follows:
New Financial Covenants. On or before August 31, 2001 the ----------------------- Company shall have failed to execute an amendment to this Agreement which shall revise, to the satisfaction of the Banks, the financial tests specified in Sections 9.1, 9.2 and 9.3 and shall otherwise be in all respects acceptable to the Banks.
New Financial Covenants. Upon receipt by Lender from Borrowers of the projections for the fiscal quarter of the Borrowers ending December 31, 2007 and for the fiscal year of the Borrowers ending December 31, 2008 (which projections shall be received by Lender by no later than December 15, 2007, and which projections shall be in form and substance satisfactory to Lender), Lender and the Borrowers shall work in good faith to establish new financial covenant levels for the financial covenants set forth in Sections 12(o), (p) and (r) of the Loan Agreement for the fiscal quarter ending December 31, 2007 through the fiscal quarter ending December 31, 2008, and Lender and the Borrowers will enter into an amendment to this Agreement to incorporate such financial covenants into this Agreement.
