Examples of Second Amendment to the Credit Agreement in a sentence
Effective May 23, 2019, the Company entered into a Second Amendment (the "Second Amendment") to the Credit Agreement.
On August 26, 2020, the Company entered into a Second Amendment to the Credit Agreement (as amended by the First Amendment, dated as of February 26, 2018).
On February 28, 2014 the Company entered into the Second Amendment to the Credit Agreement which increased the revolving credit facility $5,000,000 to a maximum borrowing of $35,000,000.
Effective May 23, 2019, the Company entered into the Second Amendment (the "Second Amendment") to the Credit Agreement.
The Company represents that the Second Amendment to the Credit Agreement is in the form attached as Exhibit A hereto.
This Amendment shall become effective automatically upon the effectiveness of the Second Amendment to the Credit Agreement.
Effective with the Second Amendment to the Credit Agreement, the interest rates on the obligation were adjusted and the Company determined that its two swap agreements were ineffective as hedges against changes in interest rates and, as a result, the swaps were de-designated.
This First Amendment shall become effective (retroactive to September 30, 1997) at the time the Second Amendment to the Credit Agreement becomes effective, provided that such effectiveness shall occur on or before December 31, 1997.
CONSENT Each of the undersigned have heretofore executed and delivered to the Agent its respective Guaranty dated January 31, 1997 and hereby consents to the Second Amendment to the Credit Agreement as set forth above and confirms that its Guaranty and all of its obligations thereunder remain in full force and effect.
In addition to the forbearance of the event of default by the lender, the Second Amendment to the Credit Agreement reduced the required minimum adjusted EBITDA for the periods ended September 30, 2016 and December 31, 2016.