Second Restatement Agreement definition
Examples of Second Restatement Agreement in a sentence
Each of the parties hereto confirms that the amendment and restatement of the First Amended and Restated Credit Agreement pursuant to the Second Restatement Agreement shall not constitute a novation of the First Amended and Restated Credit Agreement.
Subject to the terms and conditions set forth herein, each of the Existing Letters of Credit listed in Schedule 1.01B shall continue to be outstanding under this Agreement as Letters of Credit in the same stated amounts as under the Original Credit Agreement (as restated by the First Restatement Agreement) so long as they are within each Issuing Bank's LC Sublimit after giving effect to the Second Restatement Agreement.
The amendment and restatement of the Original Credit Agreement (as restated by the First Restatement Agreement) contemplated hereby shall not become effective until the date on which each of the conditions set forth in Article IV of the Second Restatement Agreement is satisfied (or waived in accordance with Section 12.10).
The Section headings used herein are for convenience of reference only, are not part of this Second Restatement Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Second Restatement Agreement.
The Second Restatement Agreement shall amend and restate the Original Credit Agreement in its entirety, with the parties hereby agreeing that there is no novation of the Original Credit Agreement and on the Second Restatement Effective Date, the rights and obligations of the parties under the Original Credit Agreement shall be subsumed and governed by this Agreement.