Common use of Amendment of Subordinated Debt Clause in Contracts

Amendment of Subordinated Debt. The Credit Parties will not, nor will they permit any Subsidiary to, amend or modify or waive (or permit the amendment, modification or waiver of), after the issuance thereof, any of the terms of any Subordinated Debt if the effect of such amendment, modification or waiver would be (a) to increase the principal amount due thereunder, (b) to shorten or accelerate the time of payment of any amount due thereunder, (c) to increase the applicable interest rate or amount of any fees or costs due thereunder, (d) to amend the subordination provisions, if any, thereunder (including any of the definitions relating thereto), (e) to make any covenant therein more restrictive or add any new covenant, (f) to grant any Lien, (g) to provide for any additional guarantor with respect thereto unless such Person becomes a US Guarantor or Foreign Guarantor hereunder or (h) in the determination of the Administrative Agent, be adverse in any other material respect to the rights or interests of the Lenders. With respect to any Subordinated Debt, none of the Credit Parties will breach or otherwise violate any of the subordination provisions applicable thereto, including without limitation restrictions against payment of principal and interest and other amounts thereon.

Amendment of Subordinated Debt. The Credit Parties will not, nor will they permit any Subsidiary to, after the issuance thereof, amend or modify or waive (or permit the amendment, modification or waiver of), after the issuance thereof, ) any of the terms of any Subordinated Debt if the effect of such amendment, modification or waiver would be (ai) to increase the principal amount due thereunder, (bii) to shorten or accelerate the time of payment of any amount due thereunder, (ciii) to increase the applicable interest rate or amount of any fees or costs due thereunder, (div) to amend any of the subordination provisions, if any, provisions thereunder (including any of the definitions relating thereto), (ev) to make any covenant therein more restrictive or add any new covenant, (fvi) to grant any Lien, (gvii) to provide for any additional guarantor with respect thereto unless such Person becomes a US Guarantor or Foreign Guarantor hereunder or (hviii) in the determination of the Administrative Agent, be adverse in any other material respect to the rights or interests of the Lenders. With respect to any Subordinated Debt, none None of the Credit Parties will breach or otherwise violate any of the subordination provisions applicable thereto, including without limitation restrictions against payment of principal and interest and other amounts thereon.