Common use of Actions Requiring All Lenders' Consent Clause in Contracts

Actions Requiring All Lenders' Consent. Without the written consent or ratification of all Lenders, the Agent shall not: (a) increase the Aggregate Committed Sum or increase the maximum principal amount of the Loan above the Aggregate Committed Sum. (b) agree to any reduction in the interest rate or fee provisions — excluding the Agent’s Fee or the Custodian’s Fees — of this Agreement. (c) release any material Lien held under the Facilities Papers other than in accordance with the Facilities Papers. (d) accept, and fund any Advance against the value of, any Collateral other than the types listed in Section 7.1. (e) change any Lender’s Pro Rata share of the Loan other than in accordance with the express provisions of the Facilities Papers. (f) agree to any change in the nature of the Lenders’ respective Commitments from several to joint, in whole or in part. (g) agree to any material change to any of the conditions precedent to Advances specified in Sections 8.1 and 8.2. (h) agree to any change to the definition of “Required Lenders”. (i) extend the Maturity Date, the Termination Date or the due date of any required payment other than in accordance with the express provisions of the Facilities Papers. (j) agree to any change in this Section or in Section 14.3.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Homebanc Corp)

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Actions Requiring All Lenders' Consent. Without the written consent or ratification of all Lenders, the Agent shall not: (a) waive, compromise or settle any material claim against the Company or release either of them from any material obligation or liability under the Facilities Papers. (b) agree to any change in the interest rate or fee provisions -- excluding [the Agent's Fee or] the Custodian's Fees -- of this Agreement. (c) increase the Aggregate Committed Sum or increase the maximum principal amount of the Loan above the Aggregate Committed Sum. (b) agree to any reduction in the interest rate or fee provisions — excluding the Agent’s Fee or the Custodian’s Fees — of this Agreement. (c) release any material Lien held under the Facilities Papers other than in accordance with the Facilities Papers. (d) accept, and fund increase any Advance against the value of, any Collateral other than the types listed in Section 7.1Sublimit. (e) change any Lender’s 's Pro Rata share of the Loan other than in accordance with the express provisions of the Facilities Papers. (f) agree to any change in the nature of the Lenders' respective Commitments from several to joint, in whole or in part. (g) agree to any material change to any of the conditions precedent to Advances specified in Sections 8.1 SECTIONS 7.1 and 8.2. 7.2. 97 112 (h) agree to any change to the definition of “Required "Majority Lenders". (i) extend the Maturity Date, Date of the Termination Date Loan or the due date of any required payment other than in accordance with the express provisions of the Facilities Papers. (j) agree to any change in this Section or in Section 14.3SECTION 13.3.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Long Beach Financial Corp)

Actions Requiring All Lenders' Consent. Without the written consent or ratification of all Lenders, the Agent shall not: (a) increase the Aggregate Committed Sum or increase the maximum principal amount of the Loan above the Aggregate Committed Sum. (b) agree to any reduction change in the interest rate or fee provisions of this Agreement, excluding the provisions relating to the Agent’s 's Fee or the Custodian’s Fees — of this Agreement's Fees. (c) release any material Lien held under the Facilities Papers other than in accordance with the Facilities Papers. (d) accept, and fund any Advance against the value of, any Collateral other than the types listed in Section 7.1SECTION 6.1. (e) change any Lender’s 's Pro Rata share of the Loan other than in accordance with the express provisions of the Facilities Papers. (f) agree to any change in the nature of the Lenders' respective Commitments from several to joint, in whole or in part. (g) agree to any material change to any of the conditions precedent to Advances specified in Sections 8.1 and 8.2. (h) agree to any change to the definition of "Required Lenders". (ih) extend the Maturity Date, the Termination Date or the due date of any required payment other than in accordance with the express provisions of the Facilities Papers. (ji) agree to any change in this Section or in Section 14.3SECTION 13.3.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Sunset Financial Resources Inc)

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Actions Requiring All Lenders' Consent. Without the written consent or ratification of all Lenders, the Agent shall not: (a) increase the Aggregate Committed Sum or increase the maximum principal amount of the Loan above the Aggregate Committed Sum. (b) agree to any reduction change in the interest rate or fee provisions excluding the Agent’s Fee or the Custodian’s Fees of this Agreement. (c) release any material Lien held under the Facilities Papers other than in accordance with the Facilities Papers. (d) accept, and fund any Advance against the value of, any Collateral other than the types listed in Section 7.16.1. (e) change any Lender’s Pro Rata share of the Loan other than in accordance with the express provisions of the Facilities Papers. (f) agree to any change in the nature of the Lenders’ respective Commitments from several to joint, in whole or in part. (g) agree to any material change to any of the conditions precedent to Advances specified in Sections 8.1 7.1 and 8.27.2. (h) agree to any change to the definition of “Required Lenders”. (i) extend the Maturity Date, the Termination Date or the due date of any required payment other than in accordance with the express provisions of the Facilities Papers. (j) agree to any change in this Section or in Section 14.313.3.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Homebanc Corp)

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