Examples of Second Amended Credit Agreement in a sentence
The Second Amended Credit Agreement defined Tiffen LLC as the “Borrower” under the Saunders Loan, and provided that Tiffen LLC guaranteed the Defendants’ obligations under the loan to the Banks.
This study focused on prac- tices situated in very highly urbanised areas, highly urbanised areas, and moderately urbanised areas.
Furthermore, a review of the Second Amended Credit Agreement, which Tiffen LLC entered into with the Banks, shows that Tiffen LLC guaranteed the payment of Defendants’ obligations under the Saunders Loan, and had Defendants failed to make those payments then Tiffen LLC would have been liable.The Second Amended Credit Agreement, dated December 13, 1999, defined Tiffen LLC as the “Borrower” under the Saunders Loan, and provides in Section 10.15 that:Guaranty.
During the Suspension Period, the interest rate applicable to the Amended Term Loan A Facility and the Amended Revolving Credit Facility, as defined in the Second Amended Credit Agreement, was increased to LIBOR plus 2.00% per annum with a LIBOR floor of 0.75% and the commitment fee in respect of the unutilized commitments under the Amended Revolving Credit Facility was increased to 0.35% per annum.
The Second Amended Credit Agreement also provides for a fee ranging between 0.175% and 0.3% of unused commitments.