Sentences with phrase «amended facility agreement»

The lender will also wish to consider requiring the guarantors to enter into a deed of confirmation in which they state that the guarantees will continue to apply in respect of the amended facility agreement.

Not exact matches

On December 30, 2013, SSE Holdings entered into a second amended and restated credit agreement with JPMorgan Chase Bank, NA as administrative agent and the lenders party thereto, which became effective in April 2014 (such date, the «Effective Date») and was subsequently amended on December 28, 2014 (the «Revolving Credit Facility»).

GCP Applied Technologies amended its credit agreement, increasing the aggregate principal amount of its revolving credit facility to $ 350 million.

The City Council agreed this week to amend the original agreement allowing the new facility at the country club.

The credit agreement was amended on December 6, 2012, February 15, 2013 and December 9, 2013 to, among other things, provide additional term loan borrowings, allow for distribution of dividends of $ 50.0 million and to re-price our senior secured credit facilities.

For example, if the borrower suspects that it will be unable to repay the borrowed money on time and the bank is willing to let the borrower have extra time to pay, the facility agreement will need to be amended to push back the repayment date; if the borrower needs to borrow more money than was originally made available, the facility agreement will need to be amended to increase the commitment.

Both directors signed a statement on the last occasion when the facility agreements were amended to confirm that Investec could continue to rely on the personal guarantees and stating that they waived their right to seek independent legal advice in respect of the personal guarantees.

It is very common in practice for facility agreements to be amended.