Amendment of Sponsor Loan Documents Sample Clauses

Amendment of Sponsor Loan Documents. The Issuer may without the consent of the Holders, but upon notice to the Trustee, consent to any amendment or modification of a Sponsor Loan Document for any purpose not inconsistent with the terms of this Indenture, the Sponsor Loan Documents, or any other Financing Document to cure any ambiguity or to correct or supplement any provision contained in any Sponsor Loan Document which may be defective or inconsistent with any other provision contained therein; provided, however, that such amendments may not be entered into by the Issuer pursuant to this Section ‌ 7.3 unless, in the reasonable judgment of the Issuer, such amendment would not be materially adverse to the interests of the Holders; provided, further, that the Issuer may, without the consent of the Holders, but upon notice to the Trustee, consent to any amendment or modification of the Sponsor Loan Documents that do not materially adversely affect holders of outstanding Notes (as determined by the Board of Directors or similar governing body of the Issuer acting in good faith) solely to (i) reflect the consummation of a Permitted Restructuring, (ii) reflect the issuance of any Additional Pari Indebtedness, or (iii) to evidence a Working Interest Sale or a Fundamental Working Interest Sale, including the exclusion from the Sponsor Collateral of the working interest sold in any Working Interest Sale or a Fundamental Working Interest Sale (without taking into account the reduction in the value of the Sponsor Collateral as a result of the sale of the working interest). Except as otherwise expressly provided in this Section 7.3, the Issuer shall not consent to any other amendment or modification of any Sponsor Loan Document or grant any waiver or consent, including any consent to the Sponsor’s departure from 55 compliance with any covenant set forth in any Financing Document to which the Sponsor is a party, without the written approval or consent of the Majority Holders. Except with the written approval or consent of the One-Hundred Percent Holders, the Issuer shall not consent to any amendment or modification to any Sponsor Loan Document which (a) reduces the principal, Make-Whole Premium (if any), Additional Amounts (if any) or interest payable upon any Sponsor Note, (b) extends the dates on which Debt Service of any Sponsor Note is paid, (c) extends the Maturity Date of any Sponsor Note, (d) will cause any release of Collateral or the granting of any Lien in the Collateral (except in favor of the ...
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Related to Amendment of Sponsor Loan Documents

  • Amendment of Loan Agreement The Loan Agreement is hereby modified and amended as follows:

  • Credit Agreement Amendments The Credit Agreement is hereby amended as follows:

  • Amendments to Loan Documents Upon any such assignment, the Borrower and the Guarantors shall, upon the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment.

  • Amendment of Bidding Documents 10.1 Before the deadline for submission of bids, the Employer may modify the bidding documents by issuing addenda. 10.2 Any addendum thus issued shall be part of the bidding documents and shall be communicated in writing or by cable to all the purchasers of the bidding documents. Prospective bidders shall acknowledge receipt of each addendum by cable to the Employer. 10.3 To give prospective bidders reasonable time in which to take an addendum into account in preparing their bids, the Employer shall extend as necessary the deadline for submission of bids, in accordance with Sub-Clause 20.2 below.

  • Amendment of the Credit Agreement Effective as of the Amendment Effective Date, the Credit Agreement is hereby amended as follows: (a) The following definitions are added in the appropriate alphabetical order to Section 1.01 of the Credit Agreement:

  • Amendment to the Credit Agreement Effective as of the date of satisfaction of the conditions precedent set forth in Section 2 below (the “Amendment No. 1 Effective Date”), the parties hereto agree that the Credit Agreement is hereby amended as follows:

  • Reaffirmation of Loan Documents Any and all of the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect. This Amendment shall not limit or impair any Liens securing the Obligations, each of which are hereby ratified, affirmed and extended to secure the Obligations as it may be increased pursuant hereto. This Amendment constitutes a Loan Document.

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Amendment and Restatement of the Existing Credit Agreement The parties to this Agreement agree that, upon (i) the execution and delivery by each of the parties hereto of this Agreement and (ii) satisfaction of the conditions set forth in Section 3.01, the terms and provisions of the Existing Credit Agreement shall be and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Agreement. This Agreement is not intended to and shall not constitute a novation. All loans made and obligations incurred under the Existing Credit Agreement which are outstanding on the Effective Date shall continue as Obligations under (and shall be governed by the terms of) this Agreement and the other Loan Documents. Without limiting the foregoing, upon the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit Agreement) to the “Agent”, the “Credit Agreement” and the “Loan Documents” shall be deemed to refer to the Agent, this Agreement and the Loan Documents, (b) all obligations constituting “Obligations” with any Lender or any Affiliate of any Lender which are outstanding on the Effective Date shall continue as Obligations under this Agreement and the other Loan Documents, (c) the Agent shall make such reallocations, sales, assignments or other relevant actions in respect of each Lender’s credit and loan exposure under the Existing Credit Agreement as are necessary in order that each such Lender’s outstanding Revolving Credit Advances hereunder reflect such Lender’s Pro Rata Share of the outstanding aggregate Revolving Credit Advances on the Effective Date, (d) the Existing Revolving Credit Advances (as defined in Section 2.01) of each Departing Lender shall be repaid in full (accompanied by any accrued and unpaid interest and fees thereon), each Departing Lender’s “Commitment” under the Existing Credit Agreement shall be terminated and each Departing Lender shall not be a Lender hereunder, and (e) the Borrower hereby agrees to compensate each Lender (including each Departing Lender) for any and all losses, costs and expenses incurred by such Lender in connection with the sale and assignment of any Eurodollar Rate Advances (including the “Eurodollar Rate Advances” under the Existing Credit Agreement) and such reallocation described above, in each case on the terms and in the manner set forth in Section 8.04(c) hereof.

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

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