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 Bidding Documents 10.1 Before the deadline for submission of bids, the Employer may modify the bidding documents by issuing addenda.

  • Amendment of Contract This agreement contains the whole of the agreement between the Company and the Consultant and there are no other warranties, representations, conditions or collateral agreements except as set forth in this agreement. Any modification to this agreement must be in writing and signed by the parties hereto or it shall have no effect and shall be void.

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  • Amendment of Agreement This Agreement may be amended only by written agreement of the Adviser and the Sub-Adviser and only in accordance with the provisions of the 1940 Act and the rules and regulations promulgated thereunder.

  • Amendment, Modification and Waiver This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Amendments; Waiver This Agreement may be amended by the parties hereto and the terms and conditions hereof may be waived only by an instrument in writing signed on behalf of each of the parties hereto, or, in the case of a waiver, by an instrument signed on behalf of the party waiving compliance.

  • Credit Agreement (a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings specified in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement have the meanings specified therein; the term “instrument” shall have the meaning specified in Article 9 of the New York UCC.

  • Amendment and Waiver The provisions of this Agreement may be amended or waived only with the prior written consent of the Company and Executive, and no course of conduct or failure or delay in enforcing the provisions of this Agreement shall affect the validity, binding effect or enforceability of this Agreement.

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