Common use of Amendments/Accession Agreement Clause in Contracts

Amendments/Accession Agreement. No waiver of any provision of this ------------------------------ Agreement nor consent to any departure by any Indemnitor therefrom shall be effective unless the same shall be in writing and signed by the Administrative Agent and the Majority Banks, and no amendment of this Agreement shall be effective unless the same shall be in writing and signed by the Administrative Agent, with the consent of the Majority Banks; provided that any amendment or -------- waiver releasing any Indemnitor from any liability hereunder shall be signed by all the Banks; and provided further that any waiver or consent shall be ---------------- effective only in the specific instance and for the specific purpose for which given. Notwithstanding the foregoing, in the event that any Subsidiary or Affiliate of the Borrower hereafter is required in accordance with the terms of the Credit Agreement or otherwise agrees to become a Indemnitor under this Agreement, then such Subsidiary or Affiliate may become a party to this Agreement by executing an Accession Agreement ("Accession Agreement") in the form attached hereto as Annex 1, and each Indemnitor and the Administrative ------- Agent hereby agrees that upon such Subsidiary's or Affiliate's execution of such Accession Agreement, this Agreement shall be deemed to have been amended to make such Person an Indemnitor hereunder for all purposes and a party hereto and no signature is required on behalf of the other Indemnitors or the Administrative Agent to make such an amendment to this Agreement effective.

Appears in 1 contract

Samples: Credit Agreement (American General Hospitality Corp)

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Amendments/Accession Agreement. No waiver of any provision of this ------------------------------ Agreement nor consent to any departure by any Indemnitor therefrom shall be effective unless the same shall be in writing and signed by the Administrative Agent and the Majority BanksRequired Lenders, and no amendment of this Agreement shall be effective unless the same shall be in writing and signed by the Administrative Agent, with the consent of the Majority BanksRequired Lenders; provided that any amendment -------- or -------- waiver releasing any Indemnitor from any liability hereunder shall be signed by all the Banks; and provided further that any waiver or consent shall be ---------------- effective only in the specific instance and for the specific purpose for which given. Notwithstanding the foregoing, in the event that any Subsidiary or Affiliate of the Borrower hereafter is required in accordance with the terms of the Credit Agreement or otherwise agrees to become a an Indemnitor under this Agreement, then such Subsidiary or Affiliate may become a party to this Agreement by executing an Accession Agreement ("Accession Agreement") in the form attached hereto as Annex 1, and each Indemnitor and the Administrative ------- Agent hereby agrees that upon such Subsidiary's or Affiliate's execution of such Accession Agreement, this Agreement shall be deemed to have been amended to make such Person an Indemnitor hereunder for all purposes and a party hereto and no signature is required on behalf of the other Indemnitors or the Administrative Agent to make such an amendment to this Agreement effective.. [INTENTIONALLY BLANK]

Appears in 1 contract

Samples: Environmental Indemnification Agreement (Lasalle Hotel Properties)

Amendments/Accession Agreement. No waiver of any provision of this ------------------------------ Agreement nor consent to any departure by any Indemnitor therefrom shall be effective unless the same shall be in writing and signed by the Administrative Agent and the Majority BanksRequired Lenders, and no amendment of this Agreement shall be effective unless the same shall be in writing and signed by the Administrative Agent, with the consent of the Majority BanksRequired Lenders; provided that any amendment or -------- waiver releasing any Indemnitor from any liability hereunder shall be signed by all the Banks; and provided further that any waiver or consent shall be ---------------- effective only in the specific instance and for the specific purpose for which given. Notwithstanding the foregoing, in the event that any Subsidiary or Affiliate of the Borrower hereafter is required in accordance with the terms of the Credit Agreement or otherwise agrees to become a an Indemnitor under this Agreement, then such Subsidiary or Affiliate may become a party to this Agreement by executing an Accession Agreement ("Accession Agreement") in the form attached hereto as Annex 1, and each Indemnitor and the Administrative ------- Agent hereby agrees that upon such Subsidiary's ’s or Affiliate's ’s execution of such Accession Agreement, this Agreement shall be deemed to have been amended to make such Person an Indemnitor hereunder for all purposes and a party hereto and no signature is required on behalf of the other Indemnitors or the Administrative Agent to make such an amendment to this Agreement effective.

Appears in 1 contract

Samples: Environmental Indemnification Agreement (Lasalle Hotel Properties)

Amendments/Accession Agreement. No waiver of any provision of this ------------------------------ ------------------------------- Agreement nor consent to any departure by any Indemnitor therefrom shall be effective unless the same shall be in writing and signed by the Administrative Agent and the Majority Banks, and no amendment of this Agreement shall be effective unless the same shall be in writing and signed by the Administrative Agent, with the consent of the Majority Banks; provided that any amendment or -------- waiver releasing any Indemnitor from any liability hereunder shall be signed by all the Banks; and provided further that any waiver or consent shall be ---------------- effective only in the specific instance and for the specific purpose for which given. Notwithstanding the foregoing, in the event that any Subsidiary or Affiliate of the Borrower hereafter is required in accordance with the terms of the Credit Agreement or otherwise agrees to become a Indemnitor under this Agreement, then such Subsidiary or Affiliate may become a party to this Agreement by executing an Accession Agreement ("Accession Agreement") in the form attached hereto as Annex 1, and each Indemnitor and the Administrative ------- Agent hereby agrees that upon such Subsidiary's or Affiliate's execution of such Accession Agreement, this Agreement shall be deemed to have been amended to make such Person an Indemnitor hereunder for all purposes and a party hereto and no signature is required on behalf of the other Indemnitors or the Administrative Agent to make such an amendment to this Agreement effective.. [INTENTIONALLY BLANK]

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (American General Hospitality Corp)

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Amendments/Accession Agreement. No waiver of any provision of this ------------------------------ Agreement nor consent to any departure by any Indemnitor therefrom shall be effective unless the same shall be in writing and signed by the Administrative Agent and the Majority BanksRequired Lenders, and no amendment of this Agreement shall be effective unless the same shall be in writing and signed by the Administrative Agent, with the consent of the Majority BanksRequired Lenders; provided PROVIDED that any amendment or -------- waiver releasing any Indemnitor from any liability hereunder shall be signed by all the Banks; and provided further PROVIDED FURTHER that any waiver or consent shall be ---------------- effective only in the specific instance and for the specific purpose for which given. Notwithstanding the foregoing, in the event that any Subsidiary or Affiliate of the Borrower hereafter is required in accordance with the terms of the Credit Agreement or otherwise agrees to become a an Indemnitor under this Agreement, then such Subsidiary or Affiliate may become a party to this Agreement by executing an Accession Agreement ("Accession Agreement") in the form attached hereto as Annex ANNEX 1, and each Indemnitor and the Administrative ------- Agent hereby agrees that upon such Subsidiary's or Affiliate's execution of such Accession Agreement, this Agreement shall be deemed to have been amended to make such Person an Indemnitor hereunder for all purposes and a party hereto and no signature is required on behalf of the other Indemnitors or the Administrative Agent to make such an amendment to this Agreement effective.

Appears in 1 contract

Samples: Environmental Indemnification Agreement (Lasalle Hotel Properties)

Amendments/Accession Agreement. No amendment or waiver of any provision of this ------------------------------ Security Agreement nor consent to any departure by any Indemnitor therefrom the Pledgor herefrom shall be effective unless the same shall be made in writing and signed by the Administrative Agent Secured Party and the Majority BanksPledgor, and no amendment of this Agreement shall be effective unless the same shall be in writing and signed by the Administrative Agent, with the consent of the Majority Banks; provided that any amendment or -------- waiver releasing any Indemnitor from any liability hereunder shall be signed by all the Banks; and provided further that any then such waiver or consent shall be ---------------- effective only in the specific instance and for the specific purpose for which given. Notwithstanding the foregoing, in the event that any Subsidiary or Affiliate of the Borrower hereafter is required in accordance with the terms of the Credit Agreement or otherwise agrees to become a Indemnitor Pledgor under this Security Agreement, then such Subsidiary or Affiliate may become a party to this Security Agreement by executing an Accession Agreement ("Accession Agreement") in the form attached hereto as Annex 1, 1 and each Indemnitor Pledgor and the Administrative ------- Agent Secured Party hereby agrees that upon such Subsidiary's ’s or Affiliate's ’s execution of such Accession Agreement, this Security Agreement shall be deemed to have been amended to make such Person an Indemnitor a Pledgor hereunder for all purposes and a party hereto and no signature is required on behalf of the other Indemnitors Pledgors or the Administrative Agent Secured Party or any of the Lenders or any Lender XXX Providers to make such an amendment to this Agreement effective.

Appears in 1 contract

Samples: Security Agreement (Interstate Hotels & Resorts Inc)

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