Examples of First Amended Credit Agreement 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.
The First Amended Credit Agreement and the First Amended Revolving Loan Documents were subsequently modified by amendments and letter agreements.
Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the First Amended Credit Agreement or any other Loan Document in similar or different circumstances.
On October 29, 2004, we amended the Former Credit Agreement dated September 5, 2003 by entering into the First Amended Credit Agreement.
By delivery of the Notes, there shall not be deemed to have occurred, and there has not otherwise occurred, any payment, satisfaction or novation of the indebtedness evidence by the "Notes" as defined in the First Amended Credit Agreement, which indebtedness is instead allocated among the Banks as of the date hereof and evidenced by the Notes in accordance with their respective Commitment Percentages.
Each of the representations and warranties made by such Borrower in the First Amended Credit Agreement is true, correct and complete on and as of the date hereof with the same full force and effect as if each of such representations and warranties had been made by the Borrower on the date hereof and in this Second Amendment (except to the extent such representations and warranties expressly relate to an earlier date).
The obligations outstanding under the Original Credit Agreement on the closing date of the First Amended Credit Agreement constituted obligations under the First Amended Credit Agreement and constitute Obligations under this Agreement.
Borrowings under the First Amended Credit Agreement bear interest, at our option, at the prime rate plus a spread of 0.0% to 1.0% or LIBOR plus a spread of 1.25% to 2.25%, or a combination thereof.
Facility LC's issued pursuant to the Original Credit Agreement or the First Amended Credit Agreement and outstanding as of the Closing of this Agreement shall also constitute Facility LCs hereunder.
As of August 31, 2005, we were in compliance with all of the financial covenant requirements of the First Amended Credit Agreement.