Examples of Third Amendment in a sentence
Each Lender agrees to be bound by the terms of the Third Amendment Subordination Agreement.
In consideration of the agreements set forth herein, the Borrower hereby agrees to pay to the Administrative Agent for the ratable benefit of the Lenders, an amendment fee in the amount of $250,000 (the “Third Amendment Fee”), which fee is non-refundable when paid and is fully-earned as of the date of this Amendment, of which $125,000 is due and payable on November 14, 2024 and $125,000 is due and payable no later than the first Third Amendment Capital Raise Date (as defined in the Credit Agreement).
The Credit Parties shall cause the aggregate Third Amendment Capital Raise(s) to occur no later than November 29, 2024.
In the event of any conflict between the terms of this Agreement and the terms of the Third Amendment Subordination Agreement, the terms of the Third Amendment Subordination Agreement shall govern.
Each Lender irrevocably appoints, designates and authorizes the Administrative Agent to enter into the Third Amendment Subordination Agreement on its behalf and to take such action on its behalf pursuant to the provisions of the Third Amendment Subordination Agreement.