Amended Revolving Loan definition
Examples of Amended Revolving Loan in a sentence
On or about March 13, 1987, Security Pacific and Predecessor entered into that certain Amended and Restated Revolving Credit Agreement dated as of March 13, 1987 (the "First Amended Credit Agreement"), and the other "Loan Documents" described therein (the "First Amended Revolving Loan Documents"), in order to revise the Original Loan Documents in light of the change in the nature of the borrowing entity.
BofA merged with Security Pacific and thereby succeeded to all of Security Pacific's right, title and interest in, under and to the Second Amended Credit Agreement and the Second Amended Revolving Loan Documents.
On or about December 31, 1991, Security Pacific and the Company (which succeeded to the assets and liabilities of Predecessor) entered into that certain Second Amended and Restated Revolving Credit Agreement dated as of December 31, 1991 (the "Second Amended Credit Agreement"), and the other "Loan Documents" described therein (the "Second Amended Revolving Loan Documents"), in order to revise the First Amended Revolving Loan Documents in light of the change in the nature of the borrowing entity.
The Second Amended Credit Agreement and the Second Amended Revolving Loan Documents have previously been modified by that certain First Amendment to Second Amended and Restated Revolving Credit Documents dated January 20, 1992, by and between Security Pacific and the Company, and that certain Amendment to Loan Documents dated as of June 22, 1992, by and between the Company and Security Pacific.
The First Amended Credit Agreement and the First Amended Revolving Loan Documents were subsequently modified by amendments and letter agreements.
On or about March 15, 1996, the Company, BofA and NBD BANK, a Michigan banking corporation ("NBD"), entered into that certain Fourth Amended and Restated Revolving Credit Agreement dated as of March 15, 1996 (the "Fourth Amended Credit Agreement") and the other "Loan Documents" described therein (the "Fourth Amended Revolving Loan Documents") in order to amend and restate the Third Amended Credit Agreement and the Third Amended Revolving Loan Documents and incorporate the Prior L/C Line Agreement therein.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby authorize the Amended Revolving Loan Fund Sewer and Water Line Repair/Replacement Program, which is attached hereto and incorporated herein; and BE IT FURTHER RESOLVED that this resolution shall take effect immediately.
The Revolving Loan Note --------- ------------------------------------ previously delivered by the Borrower to each Lender shall be replaced by the execution and delivery of an Amended Revolving Loan Note, in form and substance as set forth on Exhibit A-1 hereto, which Amended Note shall reflect the increased Commitment from each Lender to the Borrower.
This First Amended Revolving Loan replaces the Revolving Note evidencing the Revolving Loans B dated as of October 28, 2009.
Shareholders are also urged to read carefully the principal terms of the Amended Revolving Loan Facility and the rationale for the Proposed Extension of the Revolving Loan Facility, as respectively set out in this Circular.