Common use of Amendments of Documents Relating to Subordinated Indebtedness Clause in Contracts

Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the Noteholders.

Appears in 1 contract

Samples: Purchase Agreement (Brightstar Corp.)

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Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or 106 defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Clayton Holdings Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, (A) amend or otherwise change the terms of the Subordination Agreement or of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or (B) if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Northstar Health Services Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Holdings, Company and each other Borrower shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, Indebtedness or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company Holdings, Company, any other Borrower or the Noteholdersany of their Subsidiaries or Lenders.

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the principal of or interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (PRA International)

Amendments of Documents Relating to Subordinated Indebtedness. The Company Except as permitted by subsection 7.1(viii) or 7.1(ix), each Borrower shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company any Borrower or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Arris Group Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Company Borrower shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto in a manner adverse to Borrower (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which that would be materially adverse to the Company Borrower or the Noteholdersadverse to Lenders.

Appears in 1 contract

Samples: Credit Agreement (Prime Hospitality Corp)

Amendments of Documents Relating to Subordinated Indebtedness. The Company and each other Borrower shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, Indebtedness or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company Company, any other Borrower or the Noteholdersany of their Subsidiaries or Lenders.

Appears in 1 contract

Samples: Credit Agreement (Sybron Dental Specialties Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to 109 earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof of such Subordinated Indebtedness (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Axel Credit Agreement (Amscan Holdings Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any covenants, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersBank.

Appears in 1 contract

Samples: Credit Agreement (Bell Industries Inc /New/)

Amendments of Documents Relating to Subordinated Indebtedness. The Except for payments or prepayments on the Management Notes permitted pursuant to subsection 7.5, Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or 105 change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Digitas Inc)

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Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated IndebtednessIndebtedness or Subordinated Note Document, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or 110 change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Outsourcing Solutions Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Holdings and Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Simmons Co /Ga/)

Amendments of Documents Relating to Subordinated Indebtedness. The Company Borrower shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the 119 holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company Borrower or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Brand Services)

Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an 135 amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof of such Subordinated Indebtedness (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Revolving Loan Credit Agreement (Amscan Holdings Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any covenants, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to the Company or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Bell Industries Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Company shall not, and shall not permit any of the Company's its Subsidiaries to, amend or otherwise change the terms of any of the Senior Subordinated IndebtednessNotes or the Senior Subordinated Note Indenture (collectively, "RESTRICTED AGREEMENTS"), or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on any such Subordinated IndebtednessRestricted Agreements, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any of the covenants with respect thereto in a manner which is more restrictive to Company or any of its Subsidiaries, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the holders of any such Subordinated Indebtedness Restricted Agreements (or a trustee or other representative on their behalf) which would be adverse to the Company any Loan Party or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Wavetek U S Inc)

Amendments of Documents Relating to Subordinated Indebtedness. The Company Credit Parties shall not, and shall not permit any of the Company's their respective Subsidiaries to, amend or otherwise change the terms of any Subordinated Indebtedness, or make any payment consistent with an amendment thereof or change thereto, if the effect of such amendment or change is to increase the interest rate on such Subordinated Indebtedness, change (to earlier dates) any dates upon which payments of principal or interest are due thereon, change any event of default or condition to an event of default with respect thereto (other than to eliminate any such event of default or increase any grace period related thereto), change the redemption, prepayment or defeasance provisions thereof, change the subordination provisions thereof of such Subordinated Indebtedness (or of any guaranty thereof), or change any collateral therefor (other than to release such collateral), or if the effect of such amendment or change, together with all other amendments or changes made, is to increase materially the Obligations obligations of the obligor thereunder or to confer any additional rights on the any holders of such Subordinated Indebtedness (or a trustee or other representative on their behalf) which would be adverse to any of the Company Credit Parties, any of their Subsidiaries, Administrative Agent or the NoteholdersLenders.

Appears in 1 contract

Samples: Credit Agreement (Wellsford Real Properties Inc)

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