Subsection 8 Sample Clauses

Subsection 8. 10(b) of the Credit Agreement is hereby amended by deleting the reference to “A+ or A1” and replacing it with “BBB+ or Baal”.
Subsection 8. 10(a) of the Credit Agreement is hereby amended and restated in its entirety as follows: (a) Derivative Contracts entered into by the Company with the purpose and effect of limiting or reducing the market price risk of Oil and Gas expected to be produced by the Company and its Subsidiaries provided that at all times: (i) each such Derivative Contract limits or reduces such market price risk for a term of no more than sixty (60) months; (ii) no such contract, at the time it is entered into, when aggregated with all Derivative Contracts permitted under this Section 8.10(a) (but excluding put option contracts or similar “floor” arrangements) requires the Loan Parties, collectively, to deliver volumes in excess of the greater of (x) 85% of Total Proved Reserves or (y) the following percentages of Proved Producing Reserves: provided, however, that with regard to a "costless collar" that involves the purchase of a put and the sale of a call for the same volumes and dates and commodities, only the volumes associated with the put or the call (but not both) will be included in calculating the applicable percentage threshold, and (iii) each such contract shall be between the Company and a Lender Derivative Provider, or with an unsecured counterparty or have a guarantor of the obligation of the unsecured counterparty who, at the time the contract is made, has long-term obligations rated BBB+ or Baal or better, respectively, by Standard & Poor’s Corporation or Xxxxx’x Investors Services, Inc. (or a successor credit rating agency) (excluding Derivative Contracts offered by national commodity exchange for which no credit rating is required);”
Subsection 8. 13(a) of the Credit Agreement is hereby amended by inserting the text ”, First Lien Last Out Notes” immediately after the text “Second-Lien Term Loans” appearing in such subsection.
Subsection 8. 1.3(a) -----------------------------------------
Subsection 8. 1.3 ------------------ Title Commitment...................................................
Subsection 8. 1.3(a) --------------------------- Uncollected Delinquent Tenant Receivables..........................
AutoNDA by SimpleDocs
Subsection 8. 05(a) of the Credit Agreement is hereby amended by deleting the table therein in its entirety and substituting therefor the following table: December 31, 2002 $ 10,000,000 December 31, 2003 $ 7,000,000 December 31, 2004 $ 8,000,000 December 31, 2005 and each fiscal year thereafter $ 10,000,000”
Subsection 8. 5 of the Credit Agreement is hereby amended by replacing the text “engage in any Asset Sale with respect to any of the Collateral, except that the Parent Borrower and its Restricted Subsidiaries shall be allowed to engage in any Asset Sale” with the text “engage in any Asset Sale with respect to any of the ABL Priority Collateral, except that the Parent Borrower and its Restricted Subsidiaries shall be allowed to engage in any such Asset Sale” in the first sentence.
Subsection 8. 02 of the Existing LC Facility is hereby amended by deleting the first reference to the fax number “000-000-0000” and substituting in lieu thereof “000-000-0000”.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!