EX-4
from 10-Q
~5
pages
1. Acknowledgement of Default. Pursuant to a Letter Dated November 3, 2004, Borrower Has Informed the Administrative Agent, and Hereby Acknowledges the Occurrence and Continuation, of Breaches Under Section 6.14 (Funded Debt Ratio), 6.15 (Debt Service Coverage Ratio) and 6.16 (Minimum Adjusted EBITDA) of the Credit Agreement, Each for the Fiscal Quarter Ended September 30, 2004, and Each of Which Constitutes an Event of Default Under Section 9.1(c) of the Credit Agreement (The “Existing Default”). 2. Waiver of Existing Defaults. Subject to the Terms and Conditions Set Forth Below, the Lenders Hereby Unconditionally and Irrevocably Waive the Existing Defaults. 3. Conditions; Additional Covenants. as a Condition to the Effectiveness of the Lenders’ Waiver of the Existing Defaults, the Borrower Hereby Covenants and Agrees as Follows: (A) Unless Otherwise Agreed to by the Requisite Lenders, No Additional Letters of Credit Shall Be Issued and No Additional Advances Shall Be Made; (B) Each Currently Existing Eurodollar Rate Advance Shall, on the Last Eurodollar Banking Day of the Currently Existing Eurodollar Period With Respect Thereto, Be Converted to a Base Rate Advance of Equal Amount;
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EX-10
from 10-K
>50
pages
Credit Agreement Dated as of February , 2003 Among New Horizons Worldwide, Inc., as Borrower the Lenders Named Herein and Wells Fargo Bank, National Association, as Administrative Agent Credit Agreement Dated as of February ___, 2003
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EX-10
from 10-Q
~50
pages
Credit Agreement Dated as of April 25, 2001 Among New Horizons Worldwide, Inc., Bank of America, N.A., as Agent, and Letter of Credit Issuing Bank and the Other Financial Institutions Party Hereto Banc of America Securities LLC, as Lead Arranger and Book Manager and Wells Fargo Bank, N.A. as Documentation Agent
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