Examples of Initial Credit Agreement in a sentence
The Initial Credit Agreement is hereby amended and restated in its entirety, without novation of the Initial Credit Agreement and without derogation of the rights and obligations of the parties thereunder (save as amended hereunder).
However, from the Effective Date, this Agreement will evidence the agreement of the parties with respect to the matters which are the subject of the Initial Credit Agreement and this Agreement and will supersede any previous agreement with respect to the Credit.
It changed its accounting policy to expense the items on acquisition rather than to capitalise the amount in the financial statements and then to expense when consumed.The effect of the change was to expense $106,108 worth of inventory during the year.The Commission is unable to quantify the future effect of this change in accounting policy because estimating it is impracticable.
This Agreement is not intended to constitute, nor does it constitute, an interruption, suspension of continuity, satisfaction, discharge of prior duties, novation, or termination of the Initial Credit Agreement or the liens, security interests, loans, guarantees, liabilities, expenses, or obligations under the Initial Credit Agreement, or the collateral thereunder.
All capitalized, undefined terms used in this Amendment shall have the meanings assigned thereto in the Initial Credit Agreement.