Amendment to Security Documents. On and after the Springing Lien Date, the Purchasers holding at least a majority of the total outstanding principal balance of the Notes (the “Required Holders”) shall have the right to direct the Collateral Agent in writing, from time to time, to consent to any amendment, modification or supplement to or waiver of any provision of any Security Document and to release any Collateral (as defined in the Security Documents) from any lien or security interest held by the Collateral Agent; provided, however, that (i) no such direction shall require the Collateral Agent to consent to the modification of any provision or portion thereof which (in the sole judgment of the Collateral Agent) is intended to benefit the Collateral Agent, (ii) the Collateral Agent shall have the right to decline to follow any such direction if the Collateral Agent shall determine in good faith that the directed action is not permitted by the terms of any Security Document or may not lawfully be taken and (iii) no such direction shall waive or modify any provision of any Security Document the waiver or modification of which requires the consent of all Purchasers unless all Purchasers consent thereto. The Collateral Agent may rely on any such written direction given to it by the Required Holders and shall be fully protected in relying thereon, and shall under no circumstances be liable, except in circumstances involving the Collateral Agent’s gross negligence or willful misconduct as shall have been determined in a final nonappealable judgment of a court of competent jurisdiction, to any holder of the Notes or any other person or entity for taking or refraining from taking action in accordance with any direction or otherwise in accordance with any of the Security Documents.
Amendment to Security Documents. The Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders of the First Mortgage Notes.
Amendment to Security Documents. Each of the Security Documents ------------------------------- and the Guarantees is hereby amended to reflect the resignation of Fleet Capital Corporation (as successor to Shawmut Capital Corporation) as Collateral Agent and the appointment of Barclays as successor Collateral Agent, and each of the parties hereto consents to the execution and delivery by Barclays, Fleet Capital Corporation ("Fleet") and the Borrower of all such instruments and documents ----- (including, without limitation, UCC-3 assignment forms) as may be reasonably requested by Barclays to reflect such change in Collateral Agent and the assignment by Fleet to Barclays of Fleet's rights and obligations as Collateral Agent.
Amendment to Security Documents. So long as any Notes shall remain Outstanding and except as otherwise permitted by this Indenture, the Company shall not, and shall not permit any of its Recourse Subsidiaries to, amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, any of the Security Documents in any way which would be adverse to the Holders or which would constitute a Default hereunder or a default under any Security Document.
Amendment to Security Documents. The Company shall not, and shall not permit any Subsidiary of the Company to, amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, any of the Security Documents in any way which would be adverse to the Holders of the Securities or which would constitute a Default under this Indenture or a default under any Security Document.
Amendment to Security Documents. The Security Documents are hereby ------------------------------- amended in the following respects:
(a) All references to the "Loan" in the Security Documents shall henceforth refer to the Loan as reduced to the principal amount of $7,900,000.00. Accordingly, all references in the Security Documents to the words and figures "Nine Million Two Hundred Eighty Thousand and No/100 Dollars" and "$9,280,000.00" are hereby deleted, and the words and figures "Seven Million Nine Hundred Thousand and No/100 Dollars" and "$7,900,000.00" are hereby substituted in lieu thereof.
(b) All references to the "Loan Agreement" in the Security Documents shall henceforth refer to the Amended Loan Agreement, as the Amended Loan Agreement might hereafter be amended, extended, restated, or consolidated;
(c) All references to the "Note" in the Security Documents shall henceforth refer to the Amended and Restated Revolving Note dated of even date herewith in the stated principal amount of $7,900,000.00, as the same might hereafter be amended, renewed, extended, increased, consolidated, or restated; and
Amendment to Security Documents. 72 SECTION 6.24. Inspection ............................................................. 72
Amendment to Security Documents. The Company and PAAC shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any manner or to any extent that would constitute an Event of Default hereunder or under the Security Documents; provided that this Indenture and the Security Documents may be amended, modified or supplemented in accordance with Article Nine hereof.
Amendment to Security Documents. That certain First Amendment to ------------------------------------- Security Documents Agreement dated on or prior to the Closing Date among the Borrowers, certain Guarantors and the Bank and in form and substance acceptable to the Bank. Foreign Receivables. A Receivable payable by an entity that is located ------------------- in neither the United States nor Canada.
Amendment to Security Documents. Upon the "Effective Date" (as defined ------------------------------- below) Recital A of each of the Security Documents will be replaced in its entirety to read as follows: "Pursuant to the Credit Agreement, dated as of March 12, 1998, among the Company, AGI, Klearfold, the Lenders and the Agent, as amended and restated by that certain Amended and Restated MultiCurrency Credit Agreement dated as of July 7, 1998 (as amended by that certain First Amendment dated September 11, 1998 and as hereafter amended, modified or restated, the "Credit Agreement"), among the Company, AGI ------ --------- Klearfold, the Agent and the Lenders party thereto, the Lenders have agreed to extend certain credit to the Company, AGI and Klearfold;"
