Amendments to Section 7. Borrower's Negative Covenants
Amendments to Section 7. Provisions Relating to Negative Covenants
Amendments to Section 7. Company's Negative Covenants. -----------------------------------------------------
Examples of Amendments to Section 7 in a sentence
Section 1.4 Amendments to Section 7: Company’s Negative Covenants.
Schedule a Public Hearing for Zoning Ordinance Amendments to Section 7 – RT, Two-Family Residential District; Section 8 – RM (1) Multiple Family Residential District; Section 9 – RM 2 Multiple Family Residential – Highrise District; and Article 9A – Mixed Residential District, for Tuesday, November 26.
Amendments to Section 7 of the Securities .....................................
MOTION: Peterson moved, Giovanelli seconded.To schedule a Public Hearing for Zoning Ordinance Amendments to Section 7 – RT, Two-Family Residential District; Section 8 – RM (1) Multiple Family Residential District; Section 9 – RM 2 Multiple Family Residential – Highrise District; and Article 9A – Mixed Residential District, for Tuesday, November 26.
New rules implementing the 1978 Amendments to Section 7 are being prepared now by the Service.
More Definitions of Amendments to Section 7
Amendments to Section 7. BORROWERS' NEGATIVE COVENANTS.
A. Subsection 7.4(vi) of the Credit Agreement is hereby amended by deleting it in its entirety and substituting the following therefor:
Amendments to Section 7. Company’s Negative Covenants.
A. Subsection 7.6A of the Credit Agreement is hereby amended by deleting it in its entirety and substituting the following therefor:
Amendments to Section 7. Borrower's Negative Covenants ------------------------------------------------------
A. Investments; Joint Ventures. Subsection 7.3(viii) of the Credit Agreement is hereby amended by restating the proviso at the end of clause (b) thereof as follows: "provided, that during the Marlins Addback Period or when the -------- Consolidated Total Debt Ratio is greater that 6.00:1.00, Borrower and its Subsidiaries shall not be permitted to make any of the foregoing Investments in Cash and the aggregate amount of the non-Cash Investments made during such Marlins Addback Period or when the Consolidated Total Debt Ratio is greater than 6.00:1.00 shall not exceed $5,000,000.
Amendments to Section 7. Company's Negative Covenants
A. Subsection 7.6B of the Credit Agreement is hereby amended by deleting the table contained therein in its entirety and substituting the following therefor: Minimum "Period Consolidated EBITDA ------- ------------------- Four FQs ending on or about December 31, 2001 $26,000,000 Four FQs ending on or about March 31, 2002 $26,000,000 Four FQs ending on or about June 30, 2002 $26,000,000 Four FQs ending on or about September 30, 2002 $25,000,000 Four FQs ending on or about December 31, 2002 $25,000,000 Four FQs ending on or about March 31, 2003 $25,000,000 Four FQs ending on or about June 30, 2003 $27,000,000 Four FQs ending on or about September 30, 2003 $27,000,000 Four FQs ending on or about December 31, 2003 $29,000,000" and each four FQ period thereafter
B. Subsection 7.15A of the Credit Agreement is hereby amended by inserting after the reference "or any SESCO/Montenay Transaction Docuxxxxx (as in effect on the Third Amendment Effective Date)" appearing therein the phrase "or the Hamilton Asset Sale Documents (xx xx xxfect on the Fourth Amendment Effective Date)".
Amendments to Section 7. Negative Covenants
A. Subsection 7.7(v) of the Credit Agreement is hereby amended by deleting clause (d) therefrom in its entirety and substituting therefor the following:
Amendments to Section 7. NEGATIVE COVENANTS
Amendments to Section 7. Events of Default Section 7 of the Credit Agreement is hereby amended by deleting the phrase "the Agent shall give the Borrower and counsel to any official committees in respect of the Chapter 11 Case three Business Days' prior notice" from the second paragraph of such Section and substituting therefor the phrase "the Agent shall give the Borrower and counsel to any official committees in respect of the Chapter 11 Case five Business Days' prior notice" therefor. 1.4 Amendments to Section 9: Miscellaneous Subsection 9.2 of the Credit Agreement is hereby amended by adding the following proviso at the end thereof: "; provided further, that copies of all notices, requests or demands delivered pursuant to this subsection 9.2, and copies of all statements delivered pursuant to subsection 9.5, shall also be delivered to: Smith Corona Corporation Creditors' Committee c/o Blank, Rome, Comxxxx & XxXxxley Four Penn Center Plaza Phxxxxxxxhia, XX 00103 Atxxxxxxx: Xxxxxx Xxxxxxxx, Xxx. Xxxxxxone: (215) 569-5500 Xxxxxxxy: (215) 569-5555 Section 2.