Credit Facility Amendment definition

Credit Facility Amendment has the meaning set forth in Section 6.10(b).

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Credit Facility Amendment means the Seventh Amendment to the Credit Facility, dated as of the date hereof.

Credit Facility Amendment means an amendment to the Credit Facility in form and substance satisfactory to the Purchasers that (i) permits the issuance of Preferred Shares and declaration and payment of dividends (and the setting aside of funds for such purpose) as required hereunder and under the Certificate of Designation, (ii) amends the provision regarding minimum current ratio described in Section 5.15(a) of the Credit Facility so that such provision requires a ratio of not less than 1.00 to 1.00 and (iii) prohibits any decrease in the amount of the Borrowing Base (as such term is defined in the Credit Facility) until the first anniversary of the Closing Date.

Examples of Credit Facility Amendment in a sentence

The Current Holders hereby consent to the execution and delivery of the Credit Facility Amendment and the Other Purchase Agreement Amendments to the extent that such consent is required under the terms of the Financing Documents.
The effectiveness of any Incremental Credit Facility Amendment shall, unless otherwise agreed to by the Additional Lenders, be subject to the satisfaction (or waiver) on the date thereof (each, an “Incremental Facility Closing Date”) of the express conditions in respect of such Incremental Credit Facility Amendment to be mutually agreed upon by the Additional Lenders and the Borrower customary for transactions of the type in respect of which the applicable Incremental Credit Facility relates.
All prepayments made pursuant to this Section 2.11(d) shall be applied solely to the outstanding Initial Term Loans (and any Incremental Term Loans, Extended Term Loans or Other Term Loans to the extent provided for in the applicable Incremental Credit Facility Amendment, Extension Amendment or Refinancing Amendment; provided that the Initial Term Loans receive not less than the pro rata portion of such prepayment unless otherwise agreed).
The Partnership shall use its commercially reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to consummate the Acquisition and other transactions contemplated by the Contribution Agreement, including entering into the Revolving Credit Facility Amendment.
The provisions of this paragraph shall survive closing of the Senior Credit Facility Amendment, the Accordion Increase and any termination of this Commitment Letter.
Immediately prior to the Closing Date, the Credit Facility Amendment shall have become effective.
When the Credit Facility Amendment, the Intercreditor Agreement and each of the Security Documents have been duly executed and delivered, each of the Credit Facility Amendment, the Intercreditor Agreement and the Security Documents will constitute legal, valid and binding agreements of the Company and each Guarantor to the extent a party thereto, enforceable against the Company and each Guarantor to the extent a party thereto in accordance with their terms, subject to the Enforceability Exceptions.
Subject to the terms and conditions hereof and of the First Incremental Credit Facility Amendment, the 2019 Incremental Lender named in the First Incremental Credit Facility Amendment agrees to make a 2019 Incremental Funding Term Loan to the Borrower in a single drawing on the First Amendment Funding Date in Dollars and in an amount not to exceed the amount of the 2019 Incremental Funding Term Loan Commitment on the First Amendment Funding Date.
Each of the Borrowers hereby reaffirms that, except as disclosed to the Administrative Agent, it has duly performed and observed the covenants and undertakings set forth in the Credit Facility Amendment, and covenants and undertakes to continue to duly perform and observe such covenants and undertakings, as amended hereby, so long as the Credit Facility Agreement as amended hereby shall remain in effect.
An Incremental Revolving Credit Facility Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section.

More Definitions of Credit Facility Amendment

Credit Facility Amendment means the First Amendment and Waiver Agreement dated as of December 13, 2002 to the Credit Facility substantially in the form attached hereto as Exhibit A.

Credit Facility Amendment means the First Amendment and Waiver Agreement dated as of December 13, 2002 to the Credit Facility

Credit Facility Amendment means that certain Consent and Amendment No. 3 to the Revolving Credit Facility Agreement, in form and substance reasonably satisfactory to Purchasers, to be entered into at or prior to Closing among BCEOC, BNP Paribas, as administrative agent, and the lenders party thereto, which permits the transactions contemplated by this Agreement and the Transaction Documents.