Provisions on New Long Term Facility Sample Clauses

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Provisions on New Long Term Facility. The Borrower, the Facility Agent, the Security Agent and the Creditors agree as follows:

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Related to Provisions on New Long Term Facility

• Continuing Provisions of the Agreement Except as otherwise specifically set forth in this Amendment, all other terms of the Agreement shall remain unchanged and continue in full force and effect.

• General Provisions Applicable to Loans and Letters of Credit 4.1. Interest Rates and Payment Dates

• Special Provisions Governing LIBOR Loans Notwithstanding any other provision of this Agreement to the contrary, the following provisions shall govern with respect to LIBOR Loans as to the matters covered:

• Definitions and Other Provisions of General Application SECTION 101.

• Limitations and Conditions on Benefits The benefits and payments provided under this Agreement shall be subject to the following terms and limitations:

• DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

• CONDITIONS TO ALL BORROWINGS The obligations of the Lenders to make any Loan or issue any Letter of Credit, whether on or after the Closing Date, shall also be subject to the satisfaction of the following conditions precedent:

• Limitations on Indebtedness Create, incur, assume or suffer to exist any Indebtedness except:

• Limitations on Amounts, Issuance and Amendment A Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, reinstatement or renewal (w) the aggregate amount of the outstanding Letters of Credit issued by the L/C Issuer shall not exceed its L/C Commitment, (x) the aggregate L/C Obligations shall not exceed the L/C Sublimit, (y) the Revolving Exposure of any Lender shall not exceed its Revolving Commitment and (z) the Total Revolving Exposure shall not exceed the total Revolving Commitments.

• Other Provisions Relating to Credit Facilities 24 3.1 Default Rate.....................................................24