Common use of Amendment to Organizational Documents Clause in Contracts

Amendment to Organizational Documents. Except for an amendment and restatement of the Bylaws of the Company providing for customary updates and modernization, the Company will not, nor will it permit any of its Subsidiaries to amend, modify or waive any term or material provision of such Person’s Organizational Documents unless (a) required by law or (b) such amendment, modification or waiver would not be adverse to the Holders’ rights under the Note Documents or any Loan Party’s obligations under the Note Documents, and the Loan Parties provide the Holders not less than ten (10) days’ prior written notice of such amendment, modification or waiver.

Amendment to Organizational Documents. Except for an amendment and restatement of the Bylaws Organizational Documents of the Company or any of its Subsidiaries providing for customary updates and modernization, the Company will not, nor will it permit any of its Subsidiaries to amend, modify or waive any term or material provision of such Person’s Organizational Documents unless (a) required by law or (b) such amendment, modification or waiver would not be adverse to the Holders’ rights under the Note Documents or any Loan Party’s obligations under the Note Documents, and the Loan Parties provide the Holders not less than ten (10) daysBusiness Days’ prior written notice of such amendment, modification or waiver.

Amendment to Organizational Documents. Except for an amendment and restatement of the Bylaws of the Company providing for customary updates and modernization, the Company The Borrower will not, nor will it permit any of its Subsidiaries to amend, modify or waive any term or material provision of such Person’s Organizational Documents unless (a) required by law or (b) such amendment, modification or waiver would could not reasonably be adverse expected to have a Material Adverse Effect on the Holders’ rights under the Note Documents (including in their capacity as holders of the Capital Stock of the Borrower) or any Loan Party’s obligations under the Note Documents, and the Loan Parties provide the Holders not less than ten (10) daysBusiness Days’ prior written notice of such amendment, modification or waiver.