Affected Holders’ Consent Clause Samples
Affected Holders’ Consent. Without the written consent of each Holder that would be affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would:
(i) extend the scheduled final maturity of any Note of such Holder;
(ii) waive, reduce or postpone any scheduled repayment due such Holder (but not prepayment);
(iii) reduce the rate of interest on any Note of such Holder and any waiver of any increase in the interest rate applicable to any Note pursuant to Section 2.6(c)) or any fee payable hereunder;
(iv) extend the time for payment of any such interest or fees to such Holder;
(v) reduce the principal amount of any Note;
(vi) release any Guarantor from the Guaranty pursuant to the Guarantee and Collateral Agreement or release the Liens securing all or substantially all of the Collateral (in either case, except as permitted by Section 7.8);
(vii) amend, modify, terminate or waive any provision of this Section 11.6(b) or Section 11.6(g); or
(viii) amend the definition of “Requisite Holders” or “Pro Rata Share.”
Affected Holders’ Consent. Without the written consent of each Holder that would be affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would:
(i) extend the scheduled final maturity of any Note of such Holder;
(ii) waive, reduce or postpone any scheduled repayment due such Holder (but not prepayment);
(iii) reduce the rate of interest on any Note of such Holder and any waiver of any increase in the interest rate applicable to any Note pursuant to Section 2.6(c)) or any fee payable hereunder;
(iv) extend the time for payment of any such interest or fees to such Holder;
(v) reduce the principal amount of any Note;
(vi) amend, modify, terminate or waive any provision of this Section 10.6(b) or Section 10.6(g); or
(vii) amend the definition of “Requisite Holders” or “Pro Rata Share.”
Affected Holders’ Consent. Without the written consent of each Holder that would be directly affected thereby, no amendment, modification or consent shall be effective if the effect thereof would:
(i) reduce the principal of the Notes or waive or postpone scheduled final maturity of the Notes or waive, postpone or reduce any fixed and scheduled repayment of the Notes (it being understood that the waiver of (or amendment to the terms of) any mandatory prepayment of the Notes shall not constitute a postponement of any date scheduled for the payment of principal or interest);
(ii) subject to Section 2.14(b), (A) reduce the rate of interest on any Note of, or the amounts of fees payable to, such Holder, (B) extend the time for payment of any such interest or fees to such Holder or (C) waive any interest or fee payable hereunder to such Holder (provided that the application of the Default Rate pursuant to Section 2.06(c) may be reduced, extended or waived by the Specified Holders);
(iii) extend or increase the Commitment of such Holder (it being understood that a waiver of any condition precedent or of any Default or Event of Default, mandatory prepayment or mandatory reduction of the Commitments shall not constitute an extension or increase of any Commitment of any Holder);
(iv) release all or substantially all the Guarantors from the Guaranty;
(v) amend, modify, terminate or waive any provision of Section 2.10(f), Section 2.10(g), Section 2.11, Section 8.03, or this Section 11.05 (other than Section 11.05(b));
(vi) amend the definition of “Requisite Holders” or “Pro Rata Share”; or
(vii) subordinate the Obligations in right of payment to any other Debt for borrowed money.
Affected Holders’ Consent. Without the written consent of each Holder that would be directly and adversely affected thereby, no amendment, modification or consent shall be effective if the effect thereof would: