Amendments and Consent Sample Clauses
The Amendments and Consent clause establishes the procedures and requirements for making changes to the agreement or obtaining necessary approvals from the parties involved. Typically, this clause specifies that any modifications to the contract must be made in writing and agreed upon by all relevant parties, ensuring that no unilateral changes can be made without proper authorization. Its core function is to maintain the integrity of the agreement by preventing unauthorized alterations and ensuring that all parties are aware of and consent to any changes, thereby reducing the risk of disputes over contract terms.
Amendments and Consent. 5 2.1. Amendment of Existing Note Purchase Agreement...................................................5 2.2. Continuity and Affirmation of Obligations.......................................................5
Amendments and Consent. (a) The Existing Credit Agreement is, effective as of the Amendment No. 1 Effective Date (as defined below), hereby (i) amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the underlined text (indicated textually in the same manner as the following example: underlined text) as set forth in the pages attached as Annex A hereto (it being understood that FILO Amendments and Incremental Amendments shall be effectuated substantially concurrently in the following order, first, the FILO Amendments and second, the Incremental Amendments) and (ii) restated in its entirety to read as set forth in such Annex A after giving effect to such textual deletions and additions.
(b) Exhibit B to the Existing Credit Agreement is, effective as of the Amendment No. 1 Effective Date, hereby amended and restated in its entirety to read as set forth in Annex B hereto.
(c) Exhibit P to the Existing Credit Agreement is, effective as of the Amendment No. 1 Effective Date, hereby amended and restated in its entirety to read as set forth in Annex C hereto.
(d) Schedule 2.1 to the Existing Credit Agreement is, effective as of the Amendment No. 1 Effective Date, hereby amended and restated in its entirety to read as set forth in Annex D hereto.
(e) The Guarantee and Collateral Agreement is, effective as of the Amendment No. 1 Effective Date, hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the underlined text (indicated textually in the same manner as the following example: underlined text) as set forth in the pages attached as Annex E hereto.
(f) The Holdings Guarantee and Pledge Agreement is, effective as of the Amendment No. 1 Effective Date, hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the underlined text (indicated textually in the same manner as the following example: underlined text) as set forth in the pages attached as Annex F hereto.
(g) Each of the Administrative Agent, each Issuing Lender, each Local Fronting Lender, the Swingline Lender and each Consenting Lender hereby consents to that certain Amendment Agreement No. 1 to Canada – ABL Collateral Agreement, dated as of the Amendment No. 1 Effective Date, among Revlon Canada Inc. and ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (Canada) Limited (collectively, the “Canadian Guarantors”) and the Collateral Age...
Amendments and Consent. 2.1 A new definition of “ADS” shall be added to clause 1.1 of the Note Instrument as of the Effective Date, and read as follows:
Amendments and Consent of the Credit Agreement is hereby amended by changing the designation of clause "(s)" thereof, which was inserted therein pursuant to Section 4 of the Third Amendment to Credit Agreement, dated as of June 15, 1998, to that of clause "(u)".
Amendments and Consent. The Financing Agreement is hereby amended as follows:
1.1 Section 1 of the Financing Agreement is hereby amended by adding the following defined term in the appropriate order alphabetically:
Amendments and Consent. (ii) of the Credit Agreement is hereby amended by deleting the text "FPFC and FPFC Delaware," appearing therein.
Amendments and Consent. Subject to the satisfaction in full, on or prior to the Agreement Effective Date (as defined in Section 3 below), of the conditions precedent set forth in Section 2 below, the Lender hereby consents as follows:
(i) that, unless and until an Event of Default occurs, during the period from the date hereof to the earlier of (x) July 31, 2002 and (y) the closing of the transactions contemplated by the Master Agreement dated March 25, 2002 between ALSTOM Transportation Inc. and AAI Corporation (the "Closing"), the first sentence of Section 1.1.1 of the Credit Agreement shall be amended by deleting therefrom the reference to the figures "10,000,000" and substituting therefor the figures "12,000,000".
(ii) that, unless and until an Event of Default occurs, during the period from the date hereof to July 31, 2002, the third sentence of Section 1.1.1 of the Credit Agreement shall be amended by deleting therefrom the reference to the figures "25,000,000" and substituting therefor the figures "32,000,000"; provided, that the foregoing reference to July 31, 2002 shall be changed to September 30, 2002 if the Closing occurs on or before July 31, 2002.
Amendments and Consent. 2.1 Consent to Redemption/Purchase of 11-7/8% Senior Subordinated Notes.
(a) Notwithstanding anything to the contrary contained in the Loan Documents, the Lenders consent to the redemption (in one or more transactions) by the Borrower of up to $150,000,000 principal amount of the 11-7/8% Senior Subordinated Notes due 2008 issued pursuant to the 11-7/8% Senior Subordinated Indenture (plus accrued interest and premium) as long as (i) such redemption occurs on or after November 1, 2003, and (ii) no Default or Event of Default shall have occurred or be in effect immediately before or immediately after giving effect to such redemption (such redemption, the "2003 11-7/8% Senior Subordinated Notes Redemption").
(b) The Lenders hereby agree that any outstanding balance of the 11-7/8% Senior Subordinated Notes remaining after giving effect to the redemptions permitted in the preceding paragraph (a) (together with related interest and premium) may be redeemed, paid or purchased by the Borrower if (i) the Borrower shall have delivered to the Administrative Agent a Pro Forma Compliance Certificate demonstrating that, upon giving effect on a Pro Forma Basis to such redemption, payment or purchase, the Senior Leverage Ratio would be 2.75 to 1.00 or less and the Borrower would be in compliance on a Pro Forma Basis with the other financial covenants in Section 7.10 of the Credit Agreement, and (ii) no Default or Event of Default shall have occurred or be in effect immediately before or immediately after giving effect to such redemption, payment or purchase.
Amendments and Consent. Effective as of
Amendments and Consent. (a) Section 1.1 of the Agreement is amended to amend the definitions of "Borrower" and "Borrowers" and to add the following amendment: