EX-10.1
from 10-Q
3 pages
This Amendment to Credit Agreement (This "Amendment") Is Dated as of October 28, 2019 and Made Between: (1) McEwen Mining Inc. (The "Borrower"); (2) Royal Capital Management Corp., in Its Capacity as Administrative Agent (The "Administrative Agent"); and (3) the Lenders Party Hereto. Recitals: (A) a Credit Facility Was Made Available to the Borrower Upon the Terms and Conditions Contained in the Credit Agreement Dated as of August 10, 2018 Between the Borrower, the Administrative Agent and the Lenders Party Thereto (As Amended From Time to Time, the "Credit Agreement"). (B) the Borrower Has Requested That the Credit Agreement Be Amended to Account for Its Projected Working Capital. (C) the Administrative Agent and Each of the Lenders Has Agreed, Subject to the Terms and Conditions Set Forth Herein, to Amend the Credit Agreement as Set Forth Herein. Now Therefore, in Consideration of the Foregoing Premises and Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Acknowledged, the Parties Agree as Follows: 1 Interpretation Capitalized Terms Used in This Amendment and Not Otherwise Defined Have the Meanings Given to Them in the Credit Agreement. This Amendment Is a Loan Document. 2 Amendments Effective on the Date of This Amendment, the Credit Agreement Shall Be Amended by Deleting Section 12.01 and Replacing It With the Following: "Section 12.01 Working Capital Its Consolidated Working Capital Is Not Less the Amount Set Forth as at Each Calculation Date Indicated in the Table Below: Calculation Date for Fiscal Quarter Ending: Minimum Consolidated Working Capital December 31, 2019 $0 March 31, 2020 $10,000,000 June 30, 2020 $10,000,000
12/34/56
EX-10.1
from 8-K
2 pages
English Summary of the First Amendment (“First Amendment”), Dated and Finalized November 27, 2018, to the Line of Credit Agreement (“Original Line of Credit”), Dated and Finalized November 30, 2017, Between Banco Nacional De Comercio Exterior, S.N.C. a Mexican Federal Development Banking Institution (“Bancomext”) and Compañia Minera Pangea S.A. De C.V. (“Cmp”). Parties to the First Amendment: Bancomext and Cmp
12/34/56