Common use of Actions Under Certain Documents Clause in Contracts

Actions Under Certain Documents. Without the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld), modify, amend, cancel or rescind any agreements or documents evidencing or governing Subordinated Debt or the senior Indebtedness permitted pursuant to Section 7.01 hereof, or make demand of payment or accept payment on any Intercompany Loans permitted by Section 7.01, except that current interest accrued thereon as of the date of this Agreement and all interest subsequently accruing thereon (whether or not paid currently) may be paid unless a Default or Event of Default has occurred and is continuing.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Hughes Supply Inc), Line of Credit Agreement (Hughes Supply Inc), Line of Credit Agreement (Hughes Supply Inc)

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Actions Under Certain Documents. Without the prior written ------------------------------- consent of the Administrative Agent (which consent shall not be unreasonably withheld), modify, amend, cancel or rescind any agreements or documents evidencing or governing Subordinated Debt or the senior Indebtedness permitted pursuant to Section 7.01 hereof, or make demand of payment or accept payment on any Intercompany Loans permitted by Section 7.01, except that current interest accrued thereon as of the date of this Agreement and all interest subsequently accruing thereon (whether or not paid currently) may be paid unless a Default or Event of Default has occurred and is continuing.

Appears in 1 contract

Samples: Line of Credit Agreement (Hughes Supply Inc)

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