Common use of Actions Under Certain Documents Clause in Contracts

Actions Under Certain Documents. Without the prior written consent of the Co-Agents (which consent shall not be unreasonably withheld), modify, amend, cancel or rescind the Intercompany Loans or Intercompany Loan Documents, or Subordinated Debt or any agreements or documents evidencing or governing Subordinated Debt (except that a loan between Consolidated Companies as permitted by Section 9.01(h) may be modified or amended so long as it otherwise satisfies the requirements of clause (ii) of Section 9.01(h)), or make demand of payment or accept payment on any Intercompany Loans permitted by Section 9.01(h)(ii), 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 an Event of Default has occurred and is continuing. In addition to the foregoing, without the prior consent of the Co-Agents, the Consolidated Companies shall not enter into any amendment or modification 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.

Appears in 1 contract

Samples: Credit Agreement (Interface Inc)

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Actions Under Certain Documents. Without the prior written consent of the Co-Agents (which consent shall not be unreasonably withheld), modify, amend, cancel or rescind the Intercompany Loans or Intercompany Loan Documents, or Subordinated Debt or any agreements or documents evidencing or governing Subordinated Debt (except that a loan between Consolidated Companies as permitted by Section 9.01(h7.01(h) may be modified or amended so long as it otherwise satisfies the requirements of clause (ii) of Section 9.01(h7.01(h)), or make demand of payment or accept payment on any Intercompany Loans permitted by Section 9.01(h)(ii7.01(h)(ii), 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 an Event of Default has occurred and is continuing. In addition to the foregoing, without the prior consent of the Co-Agents, the Consolidated Companies shall not enter into any amendment or modification 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.

Appears in 1 contract

Samples: Term Loan Agreement (Interface Inc)

Actions Under Certain Documents. Without the prior written consent of the Co-Agents Domestic Agent (which consent shall not be unreasonably withheld), (a) modify, amend, cancel or rescind the Intercompany Loans or Intercompany Loan Documents, or Subordinated Debt or any agreements or documents evidencing or governing Subordinated Debt (except that a loan between Consolidated Companies as an Intercompany Loan permitted by Section 9.01(h) 8.01 or Section 8.05 may be modified or amended so long as it otherwise satisfies the requirements of clause (ii) of Section 9.01(h)8.01 or Section 8.05, respectively), or, once effective, the Additional Notes Indenture or any guarantees, security agreements, pledge agreements, mortgages, or other documents constituting supporting obligations thereof, or (b) make demand of payment or accept payment on any Intercompany Loans except as otherwise expressly permitted by in this Section 9.01(h)(ii)8, and 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 an Event of Default has occurred and is continuing. (p) Amendment to Section 9.10. In addition to the foregoing, without the prior consent Section 9.10 of the Co-AgentsCredit Agreement is hereby amended and restated so that it reads, the Consolidated Companies shall not enter into any amendment or modification 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.its entirety, as follows:

Appears in 1 contract

Samples: Credit Agreement (Interface Inc)

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Actions Under Certain Documents. Without the prior written consent of the Co-Agents (which consent shall not be unreasonably withheld), modify, amend, cancel or rescind the Intercompany Loans or Intercompany Loan Documents, or Subordinated Debt or any agreements or documents evidencing or governing Subordinated Debt (except that a loan between Consolidated Companies as permitted by Section 9.01(h8.01(h) may be modified or amended so long as it otherwise satisfies the requirements of clause (ii) of Section 9.01(h8.01(h)), or make demand of payment or accept payment on any Intercompany Loans permitted by Section 9.01(h)(ii8.01(h)(ii), 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 an Event of Default has occurred and is continuing. In addition to the foregoing, without the prior consent of the Co-Agents, the Consolidated Companies shall not enter into any amendment or modification 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.

Appears in 1 contract

Samples: Credit Agreement (Interface Inc)

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