Common use of Actions Under Certain Documents Clause in Contracts

Actions Under Certain Documents. Without the prior written consent of the Required Lenders (i) modify, amend, cancel or rescind any agreements or documents evidencing or governing Subordinated Debt or intercompany debt, (ii) make any payment with respect to Subordinated Debt, except that current interest accrued on such Subordinated Debt as of the date of this Master Agreement and all interest subsequently accruing thereon (whether or not paid currently) may be paid unless a Potential Event of Default or Event of Default has occurred and is continuing, (iii) voluntarily prepay any portion of intercompany debt, or (iv) amend or revise the Sharing Agreements so as to materially increase the liabilities or obligations of the Consolidated Companies thereunder.

Appears in 2 contracts

Samples: Master Agreement (Ruby Tuesday Inc), Master Agreement (Ruby Tuesday Inc)

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Actions Under Certain Documents. Without the prior ------------------------------- written consent of the Required Lenders (i) modify, amend, cancel or rescind any agreements or documents evidencing or governing Subordinated Debt or intercompany debt, (ii) make any payment with respect to Subordinated Debt, except that current interest accrued on such Subordinated Debt as of the date of this Master Agreement and all interest subsequently accruing thereon (whether or not paid currently) may be paid unless a Potential Event of Default or Event of Default has occurred and is continuing, (iii) voluntarily prepay any portion of intercompany debt, or (iv) amend or revise the Sharing Agreements so as to materially increase the liabilities or obligations of the Consolidated Companies thereunder.

Appears in 1 contract

Samples: Credit Agreement (Morrison Restaurants Inc/)

Actions Under Certain Documents. Without the prior written consent of the Required Lenders (i) modify, amend, cancel or rescind any agreements or documents evidencing or governing Subordinated Debt or intercompany debt, (ii) make any payment with respect to Subordinated Debt, except that current interest accrued on such Subordinated Debt as of the date of this Master Agreement and all interest subsequently accruing thereon (whether or not paid currently) may be paid unless a Potential Event of Default or Event of Default has occurred and is continuing, (iii) voluntarily prepay any portion of intercompany debt, or (iv) amend or revise modify any of the Sharing Agreements so as to materially increase the obligations or liabilities or obligations of the Consolidated Companies thereunder.

Appears in 1 contract

Samples: Credit Agreement (Morrison Health Care Inc)

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Actions Under Certain Documents. Without the prior written consent of the Required Lenders Participants (i) modify, amend, cancel or rescind any agreements or documents evidencing or governing Subordinated Debt or intercompany debt, (ii) make any payment with respect to Subordinated Debt, except that current interest accrued on such Subordinated Debt as of the date of this Master Agreement and all interest subsequently accruing thereon (whether or not paid currently) may be paid unless a Potential Credit Event of Default or Unmatured Credit Event of Default has occurred and is continuing, (iii) voluntarily prepay any portion of intercompany debt, or (iv) amend or revise the Sharing Agreements so as to materially increase the liabilities or obligations of the Consolidated Companies thereunder.

Appears in 1 contract

Samples: Loan Facility Agreement and Guaranty (Ruby Tuesday Inc)

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