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Common use of Affected Lenders’ Consent Clause in Contracts

Affected Lenders’ Consent. Without the written consent of each Lender 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 the Loans or Notes; (ii) waive, reduce or postpone any scheduled repayment; (iii) reduce the rate of interest on the Loans (other than any waiver of any increase in the interest rate applicable to the Loans pursuant to Section 2.6) or any fee payable hereunder; (iv) extend the time for payment of any such interest or fees; (v) reduce the principal amount of the Loans; (vi) (A) amend the definition of “Advance Rate” or (B) amend, modify, terminate or waive any provision of this Section 10.5(b) or Section 10.5(c); (vii) amend the definition of “Requisite Lenders” or “Pro Rata Share”; (viii) release all or substantially all of the Collateral, except as expressly provided in the Credit Documents; or (ix) consent to the assignment or transfer by the Borrower of any of its rights or obligations under any Credit Document.

Appears in 5 contracts

Samples: First Amendment Agreement (Mogo Inc.), Revolving Credit and Guarantee Agreement (Mogo Inc.), Amendment Agreement (Mogo Finance Technology Inc.)

Affected Lenders’ Consent. Without the written consent of each Lender 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 the Loans or NotesMaturity Date; (ii) waive any condition to the Closing Date or the funding of a Loan; (iii) waive, reduce or postpone any scheduled repayment; (iiiiv) reduce the rate of interest on the Loans (other than any waiver of any increase in the interest rate applicable to the Loans pursuant to Section 2.6) or any fee payable hereunder; (ivv) extend the time for payment of any such interest or fees; (vvi) reduce the principal amount of the Loans; (vi) (A) amend the definition of “Advance Rate” or (Bvii) amend, modify, terminate or waive any provision of this Section 10.5(b9.8(b) or Section 10.5(c9.8(c); (viiviii) amend the definition of “Requisite Lenders” or “Pro Rata Share”; (viiiix) release all or substantially all of the Collateral, except as expressly provided in the Credit Documents; or (ixx) consent to the assignment or transfer by the Borrower of any of its rights or obligations under any Credit Document.

Appears in 3 contracts

Samples: Second Amendment Agreement (Mogo Finance Technology Inc.), Fifth Amendment Agreement (Mogo Finance Technology Inc.), Credit Agreement

Affected Lenders’ Consent. Without the written consent of each Lender 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 the Loans any Loan or NotesNote; (ii) waive, reduce or (except as permitted pursuant to clause (i) above) postpone any scheduled repaymentrepayment (but not any mandatory prepayment); (iii) reduce the rate of interest on the Loans any Loan (other than any waiver of any increase in the interest rate applicable to the Loans any Loan pursuant to Section 2.6) or any fee payable hereunder); (iv) extend the time for payment of any such interest or fees; (v) reduce the principal amount of the Loansany Loan; (vi) (A) amend the definition of “Advance Rate” or (B) amend, modify, terminate or waive any provision of this Section 10.5(b) or Section 10.5(c); (vii) amend the definition of “Requisite Lenders” or “Pro Rata Share”; (viii) release all or substantially all of the Collateral, Collateral or all or substantially all of the Guarantors from the Guaranty except as expressly provided in the Credit Documents; or (ix) consent to the assignment or transfer by the Borrower of any of its rights or and obligations under any Credit Document.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Mills Limited Partnership), Credit and Guaranty Agreement (Mills Corp)

Affected Lenders’ Consent. Without the written consent of each Lender (other than a Defaulting Lender) 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 the Loans any Term Loan or NotesNote; (ii) waive, reduce or postpone any scheduled repaymentrepayment (but not prepayment); (iii) reduce the rate of interest on the Loans any Term Loan (other than any waiver of any increase in the interest rate applicable to the Loans any Term Loan pursuant to Section 2.62.9) or any fee payable hereunder; (iv) extend the time for payment of any such interest or fees; (v) reduce the principal amount of the Loansany Term Loan; (vi) (A) amend the definition of “Advance Rate” or (B) amend, modify, terminate or waive any provision of this Section 10.5(b) or Section 10.5(c); (vii) amend the definition of “Requisite Lenders” or “Pro Rata Share”; (viii) release all or substantially all ; provided, with the consent of Administrative Agent and the Collateral, except as expressly provided in the Credit Documents; or (ix) consent to the assignment or transfer by the Borrower of any of its rights or obligations under any Credit Document.Requisite Lenders,

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Newtek Business Services Corp.)

Affected Lenders’ Consent. Without the written consent of each Lender (other than a Defaulting Lender) 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 the Loans any Term Loan or NotesTerm Loan Note; (ii) waive, reduce or postpone extend any scheduled repaymentrepayment (but not prepayment); (iii) reduce the rate of interest on the Loans (other than any waiver of any increase in the interest rate applicable to the Loans pursuant to Section 2.6) Term Loan or any fee or any premium payable hereunder; (iv) extend the time for payment of any such interest or fees; (v) reduce the principal amount of the Loansany Term Loan; (vi) (A) amend the definition of “Advance Rate” or (B) amend, modify, terminate or waive any provision of this Section 10.5(b14.5(b), Section 14.5(c) or Section 10.5(c)any other provision of this Agreement that expressly provides that the consent of all Lenders is required; (vii) amend the definition of “Requisite Lenders” or “Pro Rata Share”; (viii) release all or substantially all of the Collateral, Collateral or the Guarantor from the Guaranty except as expressly provided in the Credit Loan Documents; or (ix) consent to the assignment or transfer by the Borrower any Credit Party of any of its rights or and obligations under any Credit Loan Document.

Appears in 1 contract

Samples: Loan and Security Agreement (Horizon Pharma, Inc.)

Affected Lenders’ Consent. Without Notwithstanding the provisions of Section 10.1(a) above, no amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall be effective without the written consent of the Agent, the Required Lenders and each Lender 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 Loan or Note or reduce the Loans or Notesprincipal amount of any Loan; (ii) waive, reduce or postpone any scheduled repaymentrepayment (but not prepayment); (iii) reduce the rate of interest on the Loans (other than any waiver of any increase in the interest rate applicable to the Loans pursuant to Section 2.6) Loan or any fee payable hereunder; (iv) , or extend the time for payment of any such interest or fees; (v) reduce the principal amount of the Loans; (vi) (A) amend the definition of “Advance Rate” or (Biv) amend, modify, terminate or waive any provision of this Section 10.5(b10.1(b) or Section 10.5(c10.1(c); (viiv) amend the definition definitions of “Requisite "Required Lenders" or "Pro Rata Share"; (viii) release all or substantially all of the Collateral, except as expressly provided in the Credit Documents; or (ix) consent to the assignment or transfer by the Borrower of any of its rights or obligations under any Credit Document.

Appears in 1 contract

Samples: Credit Agreement (Tridex Corp)