Additional Amendments of Credit Agreement Clause Samples

The "Additional Amendments of Credit Agreement" clause defines the process and conditions under which the terms of a credit agreement may be further modified or supplemented beyond the original contract. Typically, this clause outlines who must consent to such amendments—such as the borrower, lender, and sometimes other stakeholders—and may specify the required formality, like written agreements or specific notice periods. Its core practical function is to provide a clear, agreed-upon mechanism for making future changes to the credit agreement, thereby ensuring flexibility while maintaining legal certainty and preventing disputes over unauthorized modifications.
Additional Amendments of Credit Agreement. (a) Effective as of the Additional Amendment Effective Date, the Required Lenders hereby agree that the Credit Agreement is amended as follows: (i) The definition of “Credit Agreement Refinancing Indebtedness” in Section 1.01 of the Credit Agreement by replacing clauses (i) and (ii) in the first proviso therein with the following new clauses (i) and (ii) as follows: (i) such extending, renewing or refinancing Indebtedness (including, if such Indebtedness includes any Other Revolving Commitments, the unused portion of such Other Revolving Commitments) is in an original aggregate principal amount not greater than the sum of (A) the aggregate principal amount of such Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused Revolving Commitments or Other Revolving Commitments, the amount thereof) and (B) an amount equal to the unpaid accrued interest, fees and premiums on such Refinanced Debt plus a reasonable estimate of the fees and expenses payable in connection the extension, renewal or refinancing thereof, (ii) such Indebtedness has the same or a later maturity and, except in the case of Other Revolving Commitments, a Weighted Average Life to Maturity equal to or greater than the Refinanced Debt” (ii) Section 1.08 is hereby added to the Credit Agreement as follows:
View SourceView Similar (2)
Additional Amendments of Credit Agreement. Effective as of the Additional Amendment Effective Date (as defined below), the Required Lenders hereby agree that the Credit Agreement is amended as follows: (a) Section 1.1 of the Credit Agreement is hereby amended by deleting the definition of “Loan To Value Ratio—Additional Indebtedness” in its entirety, and replacing it with the following language:
View SourceView Similar (2)
Additional Amendments of Credit Agreement. (a) Effective as of the Additional Amendment Effective Date (as defined below), the Required Lenders (including each of the Replacement Term Lenders) hereby agree that the Credit Agreement is amended as follows: (i) The definition of “Consolidated EBITDA” set forth in Section 1.01 of the Credit Agreement is hereby amended by:
View SourceView Similar (2)
Additional Amendments of Credit Agreement. (a) Effective as of the Amendment No. 2 Effective Date (as defined below), the Credit Agreement is hereby amended as follows: (1) The following definitions are hereby added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:
View Source

Related to Additional Amendments of Credit Agreement

  • Amendment of Credit Agreement Effective as of the date hereof, the Credit Agreement is hereby amended as follows: (a) The following definitions are hereby added to Annex I to the Credit Agreement in the applicable alphabetical location:

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein. The term “instrument” shall have the meaning specified in Article 9 of the New York UCC. (b) The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement.

  • Credit Agreement Amendments As of the Effective Date, a. Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions:

  • Ratification of Credit Agreement Each Loan Party acknowledges and consents to the terms set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents, as amended hereby. This Amendment is a Loan Document.

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.