Bank Amendments definition

Bank Amendments means (1) the waiver of any event of default caused by or resulting from the transactions contemplated hereby or by the Primary Share Purchase Agreement, including, without limitation, any event of default arising from a change of control, (2) the amendment of the definitions of "Change in Control" and "Designated Person" in the Credit Agreement, the Receivables Agreement (as defined in the Primary Share Purchase Agreement) and the Master Lease Agreement (as defined in the Primary Share Purchase Agreement) to provide for the control and beneficial ownership of capital stock by the New Investor and its affiliates contemplated to occur as a result of the transactions contemplated hereby and by the Primary Share Purchase Agreement without any breach or default thereunder and (3) such other changes as may be requested by the New Investor that are reasonably acceptable to the Credit Agreement Parties (excluding the Company and its affiliates).
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Bank Amendments means (1) the waiver of any event of default caused by or resulting from the transactions contemplated hereby and by the Secondary Share Purchase Agreement, including, without limitation, any event of default arising from a change of control, (2) the amendment of the definitions of "Change in Control" and "Designated Person" in the Credit Agreement, the Receivables Agreement and the Master Lease Agreement to provide for the control and beneficial ownership of capital stock by the New Investor and its Affiliates contemplated to occur as a result of the transaction contemplated hereby and by the Secondary Share Purchase Agreement without any breach or default thereunder, and (3) such other changes as may be requested by the New Investor that are reasonably acceptable to the Credit Agreement Parties (other than the Company and its affiliates).
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Bank Amendments shall include, (i) an increase in the interest rate payable in respect of the term B-2 loan under the Credit Agreement (the “Term B-2 Loan”) of 50 basis points; (ii) an amendment of the existing covenants in the Credit Agreement to facilitate and permit the Second Lien Exchange (and to permit the creation and potential offer of New Third Lien Notes), including without limitation: · Total Debt to EBITDA ratio of 5.50x (from 5.25x), · Exclusion of the second and third lien debt from current RMR to Secured Debt calculation, · LTM pro forma adjustment for direct channel account generation, · Covenant amendments to permit creation of New Second Lien Notes and New Third Lien Notes (as described above), · Carve out for Permitted Payments basket (as described above), and · Elimination of event of default for going concern qualification to the Monitronics’ audit that results from or is related to the “springing” maturity of the Credit Agreement obligations associated with any outstanding Notes (the “Springing Maturity”); (iii) solely as to the consenting lenders under the Credit Agreement, a waiver of the Springing Maturity where no more than $50 million principal amount of Notes remain outstanding at the date of the Springing Maturity; (iv) a reduction in the accordion feature of the Term B-2 Loan from $150 million borrowing capacity to $25 million; and (v) a 10% permanent reduction of revolving loan commitments under the revolving credit facility of the Credit Agreement.
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Examples of Bank Amendments in a sentence

  • Other than the fees paid in connection with the Revolver Amendment (as defined below) as previously disclosed by the Company to the Noteholders prior to the First Amendment Effective Date, no fee or other consideration was or will be paid to the administrative agent or any of the lenders party to the SunTrust Agreement, the SunTrust Loan Facility Agreement or the RIMCO Agreement in connection with the Bank Amendments (as defined below).

  • Each such Bank obligation issued to the Treasury after the en- actment of the Export-Import Bank Amendments of 1974 shall bear interest at a rate not less than the current average yield on out- standing marketable obligations of the United States of comparable maturity during the month preceding the issuance of the obligation of the Bank as determined by the Secretary of the Treasury.

  • The following amended standards became effective from 1 January 2020, but did not have any material impact on the Bank: Amendments to the Conceptual Framework for Financial Reporting (issued on 29 March 2018 and effective for annual periods beginning on or after 1 January 2020).

  • Sale or Contribution of Assets between an Investor and its Associate or Bank (Amendments to IFRS 10 and IAS 28)The amendments require the full gain to be recognized when assets transferred between an investor and its associate or Bank meet the definition of a 'business' under IFRS 3 Business Combinations.

  • At any time from and after the Termination Date (except in the case of a Termination Date pursuant to Section 12(ii)(d)), each Consenting Noteholder in its sole discretion may withdraw or revoke its tender, consent and/or vote with respect to the SUN Exchange Offer in accordance with the terms and conditions of the SUN Exchange Offer and each Consenting Term B-2 Lender may withdraw its consent to the Bank Amendments in accordance with the terms thereof.

  • Minimally Invasive Isolated Tricuspid Valve Repair After Left-Sided Valve Surgery: A Single-Center Experience.

  • Sale or Contribution of Assets between an Investor and its Associate or Bank (Amendments to IFRS 10 and IAS 28)The amendments require the full gain to be recognised when assets transferred between an investor and its associate or Bank meet the definition of a 'business' under IFRS 3 Business Combinations.

  • What is rather surprising is that none of these provisions were specifically made mention of in the Bank Amendments Bill.

  • Bank shall give Company written notice of a Bank Amendment not less than thirty (30) days before the effective date of such Bank Amendment; provided, however, Bank shall not be required to notify Company of Bank Amendments relating to the Bank Network or the Services which are not material and adverse to Company, as reasonably determined by Bank.

  • One respondent asked that the template report be retained as reference material for prospective AIFMs.Central Bank: Amendments to capital requirements will be reflected in the CBI AIF Regulations.

Related to Bank Amendments

  • Mortgage Amendments as defined in Section 6.11(a).

  • Permitted Amendments has the meaning specified in Section 10.01.

  • Benchmark Amendments has the meaning given to it in Condition 5.2(f)(iv); "Benchmark Event" means:

  • Proposed Amendments means any consequential or related amendments to certain terms of the Note Standard Conditions (as defined in the Note Programme Memorandum), the Series Specific Provisions (as defined in the Standard Interpretation Provision (being Clause 1 of the Standard Provisions Document)), as set out in the Note Issue Supplement in relation to the Series Portfolio Services Agreement and the Series Liquidity Facility Agreement, the Series Mortgage LIBOR Hedge Agreement, the Series Currency A2b Hedge Agreement, the Series Currency Bb Hedge Agreement, the Series Currency Cb Hedge Agreement and the Series Currency Db Hedge Agreement (each as defined in the Note Issue Supplement), to effect the transition from LIBOR to Compounded Daily SONIA as more fully described in the Amendment Deed; and 11. agree that capitalised terms in this document where not defined herein shall have the meanings given to them in the Consent Solicitation Memorandum (a copy of which is available for inspection as referred to in the Notice)." In Respect of the EUR 22,900,000 Class Db Notes due March 2039

  • Amendments are any changes that are not specifically covered by the terms and conditions of the Centralized Contract, but inclusion is found to be in the best interest of the State. A request to change a contractual term and condition is an example of an amendment.

  • ESG Amendment has the meaning specified in Section 2.18.

  • Restricted Amendment means the following: (A) an amendment of Specification 1, (B) except to the extent addressed in Section 2.10 hereof, an amendment that specifies the price charged by Registry Operator to registrars for domain name registrations, (C) an amendment to the definition of Registry Services as set forth in the first paragraph of Section 2.1 of Specification 6, or (D) an amendment to the length of the Term.

  • L/C Amendment Application means an application form for amendment of outstanding standby or commercial documentary letters of credit as shall at any time be in use at the Issuing Bank, as the Issuing Bank shall request.

  • Existing Credit Agreements has the meaning set forth in the recitals hereto.

  • Mortgage Amendment means an amendment to an Existing Mortgage or an amendment and restatement of an Existing Mortgage, in each case in form and substance reasonably acceptable to the Collateral Agent.

  • Amendment and Restatement Agreement means the Amendment and Restatement Agreement, dated as of January 29, 2016, among the Borrowers, the Lenders party thereto and the Administrative Agent.

  • Addendum / Amendment means any written amendment / addendum /corrigendum to this RFP, from time to time issued by NMRC to the prospective bidders

  • Restatement Agreement means the Restatement Agreement to the Existing Credit Agreement, dated as of July 17, 2015, by and among the Borrower, the other Loan Parties, the Administrative Agent, the Lenders party thereto and the other parties thereto.

  • Supplement(s) means any document which may add, delete, amend or replace the terms and benefits of this Policy. Supplement(s) shall include but is not limited to endorsement, rider, annex, schedule or table attached and issued with this Policy.

  • Supplemental Agreements means the First Supplemental Agreement, the Second Supplemental Agreement, the Third Supplemental Agreement, the Fourth Supplemental Agreement, the Fifth Supplemental Agreement and the Sixth Supplemental Agreement.

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Credit Agreements means any promissory note, mortgage, loan agreement, indenture or similar instrument or agreement to which the Company or any of its Subsidiaries is or becomes a borrower, as such instruments or agreements may be amended, restated, supplemented or otherwise modified from time to time and including any one or more refinancing or replacements thereof, in whole or in part, with any other debt facility or debt obligation, for as long as the payee or creditor to whom the Company or any of its Subsidiaries owes such obligation is not an Affiliate of the Company.

  • Refinancing Amendment means an amendment to this Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower executed by each of (a) the Borrower and Holdings, (b) the Administrative Agent and (c) each Additional Lender and Lender that agrees to provide any portion of the Credit Agreement Refinancing Indebtedness being incurred pursuant thereto, in accordance with Section 2.21.

  • Joinder Agreements means for each Subsidiary, a completed and executed Joinder Agreement in substantially the form attached hereto as Exhibit G.

  • Existing Credit Agreement as defined in the recitals hereto.

  • Permitted Amendment means, with respect to any Shared-Loss Loan Commitment or Shared-Loss Loan, any amendment, modification, renewal or extension thereof, or any waiver of any term, right, or remedy thereunder, made by the Assuming Bank in good faith and otherwise in accordance with the applicable requirements set forth in Article III of this Commercial Shared-Loss Agreement and the then effective written internal credit policy guidelines of the Assuming Bank; provided, that: