(c) All references to the address of the Administrative Agent or the Lenders in the Investment Documents are hereby replaced with the following:
c/o Madryn Asset Management, LP
Attention: John Ricciardi
140 E. 45th Street, 15th Floor, Suite B
New York, NY 10017
Electronic Mail: ***@***
Telephone: +1 ###-###-####
(d) The definition of Qualifying Control Agreement is hereby amended to provide that the following constitute a Qualifying Control Agreement: an Intercreditor Agreement (as defined in 8.03(g)) to the extent that the parties thereto designate such agreement as a Qualifying Control Agreement.
(e) The definition of Restricted is hereby amended by adding the following text immediately before the period at the end thereof and other than in favor of the Permitted Senior Revolving Credit Lender.
(f) Section 7.01(b) of the Credit Agreement is amended to delete the term and consolidating and add the term and (upon request) consolidating.
(g) Section 7.02(b) of the Credit Agreement is amended to delete the term February 15th and replacing it with March 15th.
(h) Section 7.19(a) of the Credit Agreement is hereby amended by replacing Within ninety (90) days of the Funding Date with On or before June 30, 2017.
(i) Section 7.19(c)(ii) of the Credit Agreement is hereby amended by replacing within thirty (30) days of the Funding Date with on or before June 30, 2017, and by adding the following text before the period at the end of Section 7.19(c): ; provided that the Borrower shall only be required to use commercially reasonable efforts to obtain a Qualifying Control Agreement for the accounts listed on Part C of Schedule 7.10
(j) Schedule 7.19 of the Credit Agreement is amended to remove the locations at Hiatus Road in Sunrise, Florida from Part A.
(k) Section 8.03(g) of the Credit Agreement is hereby amended by deleting the existing provision and replacing such subsection with the following language:
(g) Permitted Senior Revolving Credit Indebtedness in an aggregate principal amount not to exceed (X) until August 1, 2017, $5,000,000.00, and (Y) thereafter, the lesser of (i) $5,000,000 and (ii) the sum of (A) eighty-five percent (85%) of eligible accounts of the Loan Parties (as determined by the Permitted Senior Revolving Credit Documents), on a consolidated basis, and the proceeds thereof plus (B) fifty percent (50%) of the eligible inventory of the Loan Parties (as determined by the Permitted Senior Revolving Credit Documents), on a consolidated basis, and the proceeds thereof, at any one time outstanding pursuant to a revolving credit facility; provided, that, (x) no Default or Event of Default shall have occurred and be continuing both immediately before and immediately after giving effect to the execution and delivery of the Permitted Senior Revolving Credit
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