Common use of Description of Change in Terms Clause in Contracts

Description of Change in Terms. A. Modification(s) to Loan Agreement. 1. The Loan Agreement shall be amended by deleting the Tangible Net Worth covenants appearing as Section 6.7(a)(ii) and Section 6.7(b)(ii) and inserting in lieu thereof the following text to appear as Section 6.7

Description of Change in Terms. A. Modification(s) to Loan Agreement. 1. The Loan Agreement shall be Item (ii) under Section 6.7 entitled "Financial Covenants" is hereby amended by deleting the Tangible Net Worth covenants appearing to read as Section 6.7(a)(ii) and Section 6.7(b)(ii) and inserting in lieu thereof the following text to appear as Section 6.7follows:

Description of Change in Terms. A. Modification(s) to Loan Agreement. 1. The Loan Agreement shall be amended by deleting the Subsection (ii) entitled "Debt/Tangible Net Worth covenants appearing Ratio" under Section 6.7 entitled "Financial Covenants" is hereby deleted and replaced with "Intentionally Omitted". 2. Subsection (iii) under Section 6.7 entitled "Financial Covenants" is hereby amended in its entirety to read as Section 6.7(a)(ii) and Section 6.7(b)(ii) and inserting in lieu thereof the following text to appear as Section 6.7follows:

Description of Change in Terms. A. Modification(s) to Loan Agreement. 1. The Loan Agreement shall be amended by deleting the Sub-section (ii) entitled "Tangible Net Worth covenants appearing Worth" and sub-section (iv) entitled "Profitability" of Section 6.7 entitled "Financial Covenants" are hereby amended to read as Section 6.7(a)(ii) and Section 6.7(b)(ii) and inserting in lieu thereof the following text to appear as Section 6.7follows:

Description of Change in Terms. A. Modification(s) to Loan Agreement. 1. The Loan Agreement shall be amended by deleting the Sub-section (ii) entitled "Tangible Net Worth covenants appearing Worth" of Section 6.7 entitled "Financial Covenants" is hereby amended to read as Section 6.7(a)(ii) and Section 6.7(b)(ii) and inserting in lieu thereof the following text to appear as Section 6.7follows:

Description of Change in Terms. A. Modification(s) to Loan Agreement. 1. The Loan Agreement shall be Section 6.7 entitled "Financial Covenants" is hereby amended by deleting the Tangible Net Worth covenants appearing in its entirety to read as Section 6.7(a)(ii) and Section 6.7(b)(ii) and inserting in lieu thereof the following text to appear as Section 6.7follows:

Description of Change in Terms. A. Modification(s) to Domestic Loan Agreement. 1. The Loan Agreement shall be Subsection (ii) under Section 6.7 entitled "Financial Covenants" is hereby amended by deleting the Tangible Net Worth covenants appearing as Section 6.7(a)(ii) and Section 6.7(b)(ii) and inserting in lieu thereof the following text to appear as Section 6.7read: