Bank Amendments definition

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 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 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

  • 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).

  • 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).

  • By the terms of such amendment and waiver, the Bank Amendments shall become effective upon the Closing Date.

  • The New Investor shall have the right to direct the strategy and manner in which the consent solicitation in respect of the Indenture is conducted and in which the Bank Amendments are sought, but only after consultation with the Company and Sellers.

  • By the terms of such amendment and waiver, the Bank Amendments shall become effective without any further action by any person upon the Closing Date.

  • 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.

  • The Consent Costs incurred in connection with obtaining the Bank Amendments, shall be reasonably acceptable to the New Investor based upon the estimates of the likely Consent Costs provided prior to the date hereof by the financial advisors to the New Investor and the financial advisors to the Sellers and the Company.

  • All costs and expenses incurred in connection with such consent solicitation and in seeking and securing such Bank Amendments shall be borne by the Collxxx & Xikmxx Xxxducts Co.

  • 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.

  • However it allows for the definition of inputs and outputs to service operations to be defined in terms of ontology elements.

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 3.5(d). “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, certain other terms of the Series Liquidity Facility Agreement, the Series Mortgage LIBOR Hedge Agreement, the Series Currency Ab Hedge Agreement, the Series Currency Ac Hedge Agreement, the Series Currency Cb Hedge Agreement, the Series Currency Db Hedge Agreement and the Series Currency Eb 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 28,000,000 Class Db Notes due June 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.

  • Tariff Amendment means an amendment made by XXXXX, from time to time, to the tariff applicable to this Licence, on notice to the Licensee.

  • 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.

  • General Amendment means an amendment made by XXXXX, from time to time, to these Licence Conditions, on notice to the Licensee.

  • L/C Amendment Application means an application form for amendment of outstanding 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 has the meaning set forth in the introductory statement of this Agreement.

  • 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.

  • Price amendment means the amendment to a registration statement filed under the Securities Act of 1933 or, if an amendment is not filed, the prospectus or prospectus supplement filed under the Securities Act of 1933 that includes a statement of the offering price, underwriting and selling discounts or commissions, amount of proceeds, conversion rates, call prices, and other matters dependent upon the offering price.

  • 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.

  • Order Amendment means Our Authorised Order Amendment or series of Order Amendments, each Order Amendment having precedence over any earlier Order Amendment.

  • 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:

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.