ACTION REQUIRING CERTAIN CONSENT. The consent or direction of the following is required for the following actions: (a) Any forgiveness of all or any portion of any payment Obligation: All Lenders whose payment Obligation is being so forgiven (other than any Delinquent Lender). (b) Any decrease in any interest rate or fee payable under any of the Loan Documents (other than any fee payable to the Agents (for which the consent of the Agents shall be required): All Lenders adversely affected thereby (other than any Delinquent Lender). (c) Any waiver, amendment, or modification which has the effect of increasing any Commitment shall be subject to the consent of the Unanimous Lenders (other than any Delinquent Lender).
Appears in 3 contracts
Samples: Intercreditor and Lien Subordination Agreement (Whitehall Jewellers Inc), Intercreditor Agreement (Prentice Capital Management, LP), Bridge Term Loan Credit Agreement (Whitehall Jewellers Inc)
ACTION REQUIRING CERTAIN CONSENT. The consent or direction of the following is required for the following actions:
(a) Any forgiveness of all or any portion of any payment Obligation: All Lenders whose payment Obligation is being so forgiven (other than any Delinquent Lender).
(b) Any decrease in any interest rate or fee payable under any of the Loan Documents (other than any fee payable to the Agents (for which the consent of the Agents shall be required): All Lenders adversely affected thereby (other than any Delinquent Lender).
(c) Any waiver, amendment, or modification which has the effect of increasing or reinstating any Commitment of a Lender shall be subject to require the consent of the Unanimous Lenders (other than any Delinquent such Lender).
Appears in 1 contract
Samples: Subordination Agreement (Whitehall Jewelers Holdings, Inc.)
