Educate Inc Watch

from 8-K 7 pages Whereas, Pursuant to the Credit Agreement, the Lenders Have Extended Term Loans and Made Available Revolving Credit Commitments to the Borrower on the Terms Set Forth in the Credit Agreement; Whereas, the Lenders Have Previously Agreed to a Waiver of Compliance With the Financial Covenants of the Credit Agreement Until May 31, 2007; Whereas, the Borrower Has Requested That the Lenders Extend the Waiver of Compliance With the Financial Covenants of the Credit Agreement Until June 29, 2007; and Whereas, the Lenders Have Consented to Such Waiver but Only on the Terms and Conditions Contained Herein; Now, Therefore, the Parties Hereto Hereby Agree as Follows: Section 1. Definitions. 1.1 Defined Terms. Terms Defined in the Credit Agreement and Used Herein Shall Have the Meanings Given to Them in the Credit Agreement

from 10-Q 86 pages $170,000,000 Amended and Restated Credit Agreement Among Educate Operating Company, LLC, as Borrower, the Several Lenders From Time to Time Parties Hereto, Merrill Lynch Capital, a Division of Merrill Lynch Business Financial Services Inc., as Documentation Agent, and Jpmorgan Chase Bank, N.A. as Administrative Agent Dated as of April 28, 2005 J.P. Morgan Securities Inc., as Lead Arranger and Bookrunner

from S-1 91 pages $200,000,000 Credit Agreement Among Educate Operating Company, LLC, as Borrower, the Several Lenders From Time to Time Parties Hereto, Merrill Lynch Capital, a Division of Merrill Lynch Business Financial Services Inc., as Documentation Agent, and Jpmorgan Chase Bank, as Administrative Agent Dated as of April 27, 2004 J.P. Morgan Securities Inc., as Lead Arranger and Bookrunner