Examples of Restatement in a sentence
The effectiveness of this Agreement on the Restatement Effective Date is subject to the satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent.
The Administrative Agent shall have received all accrued and unpaid interest and fees under the Original Credit Agreement through, but not including the Restatement Effective Date.
On the Restatement Effective Date, no Default or Event of Default shall have occurred and be continuing.
The Administrative Agent and the Lenders shall have received fees and, to the extent invoiced at least three (3) Business Days prior to the Restatement Effective Date (except as otherwise reasonably agreed by the Borrower), expenses in the amounts previously agreed to be received on the Restatement Effective Date.
On the Restatement Effective Date, the Administrative Agent shall have received a certificate from the Chief Executive Officer, the President, the Chief Financial Officer, the Treasurer, the Vice President-Finance, a Director, a Manager, or any other senior financial officer of the Borrower to the effect that after giving effect to the consummation of the Restatement Transactions, the Borrower on a consolidated basis with the Restricted Subsidiaries is Solvent.