Common use of Actions Under Certain Documents Clause in Contracts

Actions Under Certain Documents. (a) The Borrower will not, and will not permit any of its Subsidiaries to, without the prior written consent of the Administrative Agent, (a) modify, amend, cancel or rescind (i) the certificate or articles of incorporation, bylaws or other organizational documents or (ii) the Existing Credit Agreement or any agreements or documents evidencing or governing Permitted Subordinated Debt, or (b) make demand of payment or accept payment on any Permitted Subordinated Debt or on any intercompany Indebtedness permitted by Section 7.1, except that with respect to such intercompany Indebtedness, (i) 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 and (ii) the Borrower and its Subsidiaries may demand and accept payment on any intercompany Indebtedness owed by a Securitization Subsidiary to the Borrower or such Subsidiary.

Actions Under Certain Documents. (a) The Borrower will not, and will not permit any of its Subsidiaries to, without the prior written consent of the Administrative Agent, (a) modify, amend, cancel or rescind (i) the certificate or articles of incorporation, bylaws or other organizational documents or (ii) the Existing Credit Agreement or any agreements or documents evidencing or governing Permitted Subordinated Debt, or (b) make demand of payment or accept payment on any Permitted Subordinated Debt or on any intercompany Indebtedness permitted by Section 7.1, except that with respect to such intercompany Indebtedness, (i) 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 and (ii) the Borrower and its Subsidiaries may demand and accept payment on any intercompany Indebtedness owed by a Securitization Subsidiary to the Borrower or such Subsidiary.

Actions Under Certain Documents. (a) The Borrower will not, and will not permit any of its Subsidiaries to, without the prior written consent of the Administrative Agent, (a) modify, amend, cancel or rescind (i) the certificate or articles of incorporation, bylaws or other organizational documents or (ii) the Existing Credit Agreement or any agreements or documents evidencing or governing Permitted Subordinated Debt, or (b) make demand of payment or accept payment on any Permitted Subordinated Debt or on any intercompany Indebtedness permitted by Section 7.1, except that with respect to such intercompany Indebtedness, (i) 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 and (ii) the Borrower and its Subsidiaries may demand and accept payment on any intercompany Indebtedness owed by a Securitization Subsidiary to the Borrower or such Subsidiary.

Actions Under Certain Documents. (a) The Borrower will not, and will not permit any of its Subsidiaries to, without the prior written consent of the Administrative Agent, (a) modify, amend, cancel or rescind (i) the certificate or articles of incorporation, bylaws or other organizational documents or (ii) the Existing Credit Agreement or any agreements or documents evidencing or governing Permitted Subordinated Debt, Debt except for repayments or refinancings of the Senior Subordinated Term Loan as specifically permitted hereunder or (b) make demand of payment or accept payment on any Permitted Subordinated Debt or on any intercompany Indebtedness permitted by Section 7.1, except that with respect to such intercompany Indebtedness, (i) 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 and (ii) the Borrower and its Subsidiaries may demand and accept payment on any intercompany Indebtedness owed by a Securitization Subsidiary to the Borrower or such Subsidiary.

Actions Under Certain Documents. (a) The Borrower will not, and will not permit any of its Subsidiaries to, without Without the prior written consent of the Administrative AgentCo-Agents (which consent shall not be unreasonably withheld), (a) modify, amend, cancel or rescind (i) the certificate Intercompany Loans or articles of incorporationIntercompany Loan Documents, bylaws or other organizational documents or (ii) the Existing Credit Agreement Subordinated Debt or any agreements or documents evidencing or governing Permitted Subordinated DebtDebt (except that a loan between Consolidated Companies as permitted by Section 8.01(h) may be modified or amended so long as it otherwise satisfies the requirements of clause (ii) of Section 8.01(h)), or (b) make demand of payment or accept payment on any Permitted Subordinated Debt or on any intercompany Indebtedness Intercompany Loans permitted by Section 7.18.01(h)(ii), except that with respect to such intercompany Indebtedness, (i) 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 an Event of Default has occurred and is continuing and (ii) the Borrower and its Subsidiaries may demand and accept payment on any intercompany Indebtedness owed by a Securitization Subsidiary continuing. In addition to the Borrower foregoing, without the prior consent of the Co-Agents, the Consolidated Companies shall not enter into any amendment or such Subsidiarymodification of the documents executed in connection with the Accounts Receivable Facilities which changes the definition of "Investment" or "Event of Termination" used therein or any other material provision thereof.