Section 7.6 of the Credit Agreement is hereby amended by inserting a new subsection (d) as follows:
"(d) in connection with the issuance of Ownership Interests resulting in net cash proceeds to the Borrower of at least Thirty Five Million Dollars ($35,000,000) and after repayment in full all Loans then outstanding, the Borrower may use any remaining net cash proceeds of such issuance for the purchase, redemption, retirement, cancellation or termination of capital stock or other equity interest or of any option, warrant or other right to acquire any such capital stock or other equity interest held by Lightyear; provided, however, that the Borrower may not, at any time, use proceeds of the Revolving Credit Loan for such purposes."
It shows that the management team is presenting a sound business plan to the banks. The fact that a larger credit facility is being made available is a vote of confidence in this newly reorganized company.
Keep in mind that the increase is small, but a positive nonetheless.