Term Loan Amendment. To effectuate the addition of a Term Loan, the Company, the Administrative Agent and each Lender or other approved financial institution agreeing to provide such Term Loan, shall execute an amendment (each, a “Term Loan Amendment”). Each such Term Loan Amendment shall provide that (i) the scheduled maturity date of the Term Loan shall not be sooner than the Maturity Date and amortization to be agreed upon by the Company, the Administrative Agent and the Lenders providing the Term Loan, (ii) the Term Loan shall be collateralized on the same basis as the Loans and (iii) the applicable margins for the Term Loans shall be determined by the Company and the Lenders of the Term Loans. Notwithstanding Section 10.01, any waiver, consent or other amendment to any term or provision of this Agreement necessary or advisable to effectuate any Term Loan or any provisions thereof in accordance with the terms of, or the intent of, this Agreement, shall be effective when executed by the Company, the Administrative Agent and each Lender or other approved financial institution making such Incremental Facility. So long as any financial institution not theretofore a Lender which is providing a Term Loan shall have become a Lender under this Agreement pursuant to a Term Loan Amendment, the Term Loans being requested by the Company shall become effective under this Agreement upon the effectiveness of such Term Loan Amendment and the Lender or Lenders providing such Term Loans shall be deemed to have agreed, severally and not jointly, upon the terms and subject to the conditions of this Agreement, to make a Term Loan on the effective date of the applicable Term Loan Amendment.
Term Loan Amendment. The ABL Administrative Agent shall have received a fully executed copy of the Second Amendment to the Term Loan Agreement with substantially similar amendments to this Amendment and otherwise in form and substance acceptable to the ABL Administrative Agent.
Term Loan Amendment. A fully executed copy of Amendment No.4 to the Term Loan Agreement.
Term Loan Amendment. The Fourth Amendment to the Credit Agreement, dated as of October 25, 2016, by and among the Partnership, the financial institutions from time to time party thereto as lenders, and Cortland Capital Market Services LLC, as the Administrative Agent, shall have been entered into and all conditions precedent necessary for the effectiveness of such amendment, other than any conditions related to the transactions contemplated by this Agreement, shall have been satisfied or waived.
Term Loan Amendment. Each Lender consents to the Term Loan Amendment and the Term Loan Agreement as amended thereby and each Lender authorizes and directs the Administrative Agent to enter into an amendment to the Intercreditor Agreement in connection herewith. SECOND AMENDMENT TO REVOLVING SYNDICATED FACILITY AGREEMENT
Term Loan Amendment. Concurrently with the Closing, Xxxxxxxxxx agrees to enter into an amendment to that certain Credit Agreement, entered into as of August 15, 2022 (as amended by that certain Amendment No. 1 to Term Loan Agreement, dated as of October 28, 2022, and as further amended, restated, amended and restated, modified, or otherwise supplemented from time to time in accordance with its terms), among the Aggregator, the borrower and guarantors party thereto (the “BCP Term Loan Agreement”) substantially in the form attached hereto as Exhibit A.
Term Loan Amendment. (a) The Agent, the Issuing Banks and the Lenders hereby acknowledge and agree that the terms of the Term Loan Amendment and the Term Loan Forbearance Agreement (each, as in effect on the date hereof) are permitted under Section 10.2.15(d) of the Loan Agreement.
(b) The Agent, at the direction of the Required Lenders, hereby acknowledges and agrees that the $20,000,000 of incremental Term Loans provided or to be provided under the Term Loan Amendment (as in effect on the date hereof) constitute Term Loan Obligations for purposes of the Intercreditor Agreement and are not Term Loan Excess Amount (as defined therein). The Parent hereby agrees to timely request any “Additional First-Out Loans” (as defined in the Term Loan Credit Agreement) to meet its and its Subsidiaries’ cash flow needs during the Forbearance Period (it being understood that the funding of such Additional First-Out Loans is subject to the discretion of the Primoris Lenders (as defined in the Term Loan Credit Agreement)). The Parent hereby further agrees to timely submit a written request to the Primoris Lenders for such Additional First-Out Loans in an amount not less than is required to remedy any cash deficiency indicated in the most recent cash flow forecast delivered by the Parent to the Agent in accordance with Section 6.1(c) or (d) hereof.
Term Loan Amendment. The Term Loan Agent and the lenders under the Term Loan Agreement shall have amended the Term Loan Agreement pursuant to an amendment to thereto substantially in the form of Exhibit A (the “Term Loan Amendment”). SECOND AMENDMENT TO REVOLVING SYNDICATED FACILITY AGREEMENT
Term Loan Amendment. The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting the second paragraph thereof in its entirety and replacing it with the following: “The Applicable Rate for Tranche B Term Loans shall at all times be equal to 2.00% per annum for Eurodollar Loans and 1.00% per annum for ABR Loans.”
Term Loan Amendment. (i) An amendment to the Term Credit Agreement shall have been entered into, shall be in form and substance satisfactory to the Administrative Agent, and shall become effective substantially concurrently herewith (the “Term Loan Amendment”), and contemporaneously herewith, the Borrower shall have received at least $90,000,000 of gross proceeds from the First Amendment Term Loan made on the Third Amendment Effective Date pursuant to the Term Credit Agreement (as amended by the Term Loan Amendment), which proceeds shall be remitted upon such receipt to the Term Administrative Agent for application to the Initial Term Loan (as defined in the Term Credit Agreement (as amended by the Term Loan Amendment)), and (ii) the Term Documents shall be in full force and effect and no default or event of default shall exist under the Term Documents, or would result from the consummation of the transactions contemplated hereby (including the incurrence of the First Amendment Term Loan made on the Third Amendment Effective Date).
