Pursuant to the Original Credit Agreement Sample Clauses

Pursuant to the Original Credit Agreement the Lenders thereunder provided the Corporate Borrower with a credit facility pursuant to which the Lenders committed to make (a) revolving credit loans of up to $40,000,000.00 including a swing line facility not to exceed $5,000,000.00 and a letter of credit facility not to exceed $7,500,000.00, (b) a term loan of $85,000,000.00, (c) a second term loan of $45,000,000.00 and (d) a third term loan of up to $10,000,000.00. The proceeds of the $85,000,000.00 term loan and the $45,000,000.00 term loan and approximately $500,000.00 of the revolving credit loans were loaned to the Parent, and were used by the Parent solely to finance the purchase of the capital stock of Texas Olefins Company ("TOC") and its subsidiary, TPC (as hereafter defined), pursuant to the Purchase Agreement (as hereafter defined) and to pay certain transaction expenses incurred in connection with such purchase. After the mergers of TOC and Finance Corp., respectively, into and with TPC (collectively, the "Merger"), the remaining proceeds of the $40,000,000 revolving credit loans were available to be used for general corporate purposes and for the issuance of letters of credit. The proceeds of the $10,000,000.00 term loan were used to fund Finance Corp.'s loan to its employee stock ownership plan (the "ESOP") to enable the ESOP to purchase shares of common stock of Texas Petrochemical Holdings, Inc., a Delaware corporation ("Holding Co.").
Sample 1
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Related to Pursuant to the Original Credit Agreement

  • Original Credit Agreement Until the occurrence of the earlier of the Effective Date as provided in Section 4 hereof or the Commitment Termination Date (as defined in the Original Credit Agreement), the Original Credit Agreement shall continue in full force and effect in accordance with the provisions thereof and the rights and obligations of the parties thereto shall not be affected hereby, and all fees and interest accruing under the Original Credit Agreement shall continue to accrue at the rates provided for therein.

  • Amendments to Original Credit Agreement On the Effective Date, the Original Credit Agreement shall be deemed to be amended as follows:

  • Amendment to the Credit Agreement Effective as of the date first above written and subject to the execution of this Amendment by the parties hereto and the satisfaction of the conditions precedent set forth in Section 2 below, the Credit Agreement shall be and hereby is amended as follows:

  • Amendments to the Original Agreement Subject to the terms and conditions of this Amendment, the Original Agreement is hereby amended and supplemented as follows:

  • Credit Agreement Unaffected Each reference to the Credit Agreement or in any other Loan Document shall hereafter be construed as a reference to the Credit Agreement as amended hereby. Except as herein otherwise specifically provided, all provisions of the Credit Agreement shall remain in full force and effect and be unaffected hereby. This Amendment is a Loan Document.

  • Amendments to the Existing Credit Agreement The Existing Credit Agreement is, effective as of the date of this Amendment and Restatement and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended as follows:

  • to Credit Agreement COLLATERAL REPORTS Borrower shall deliver or cause to be delivered the following:

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendment to the Loan Agreement Section 3.1 of the Loan Agreement shall be amended and restated as follows:

  • of the Original Agreement Section 1.2 of the Original Agreement shall be amended and restated as follows:

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