Examples of Third Amended Credit Agreement in a sentence
The parties hereto wish to amend the Third Amended Credit Agreement on the terms set forth herein.
The parties to this Agreement agree that, upon (i) the execution and delivery by each of the parties hereto of this Agreement and (ii) satisfaction of the conditions set forth in Section 6.1, the terms and provisions of the Third Amended Credit Agreement shall be and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Agreement.
In order to expedite the various transactions contemplated by this Agreement, the Lenders hereby irrevocably appoint (and confirm their prior appointment pursuant to the Original Credit Agreement and the First Amended Credit Agreement, the Second Amended Credit Agreement, and the Third Amended Credit Agreement) and authorize Paribas to act as their Administrative Agent hereunder and under each of the other Loan Documents.
In the case of interest on Loans outstanding on the Effective Date, interest accrued as of the Effective Date shall be allocated among the Lenders based on their Commitment Percentages under the Third Amended Credit Agreement, and interest accruing from and after the Effective Date shall be allocated among the Lenders based on their Commitment Percentages under this Agreement.
The Agent shall have received this Amendment, duly executed and delivered by the Borrowers, Guarantors and the Required Lenders (as defined in the Third Amended Credit Agreement).
Upon the effectiveness of this Agreement, the principal amount then outstanding under the Third Amended Credit Agreement is and shall be deemed to be a "Revolving Advance" outstanding hereunder, each Lender to have its Pro Rata share thereof (based on the Commitments) and such Revolving Advance to be of the Type or Types selected by CRI pursuant to the Third Amended Credit Agreement.
This Note is delivered in amendment and restatement of certain of the "Revolving Credit Notes" delivered pursuant to the Third Amended Credit Agreement, as provided in the Credit Agreement.
Between July 12, 2000, and April 20, 2001, the Company entered into four separate amendments to its Third Amended Credit Agreement, pursuant to which certain terms and/or financial covenants contained in the Third Amended Credit Agreement were modified or deleted, certain terms and/or financial covenants not contained in the Third Amended Credit Agreement were added, and certain additional activities prohibited by the Third Amended Credit Agreement were permitted subject to certain restrictions.
The obligations outstanding under the Second Amended Credit Agreement on the closing date of the Third Amended Credit Agreement constituted obligations under the Third Amended Credit Agreement and constitute obligations under this Agreement.
By their execution of this Agreement each of the Lenders under the Third Amended Credit Agreement hereby authorizes the Administrative Agent to release any Lien granted to or held by the Administrative Agent upon any “Collateral” securing the “Obligations” under the Third Amended Credit Agreement.