Common use of Amendments of Material Documents Clause in Contracts

Amendments of Material Documents. Without the prior written consent of the Administrative Agent, the Borrower or its Subsidiaries shall not (i) cancel or terminate or replace any Material Document, (ii) consent to or accept any cancellation or termination of any Material Document (other than as permitted without the consent of the Borrower or its Subsidiaries and without a default in accordance with the terms of such Material Document), (iii) amend, modify or supplement in any material respect any Material Document or any document executed and delivered in connection therewith, in any respect that could reasonably be expected adversely affect any material right or interest of the Lenders or the Borrower's or its Subsidiaries' ability to pay and perform the Obligations; (iv) waive any material default under, or material breach of, any Material Document or waive, fail to enforce, forgive, compromise, settle, adjust or release any material right, interest or entitlement, howsoever arising, under, or in respect of any Material Document or in any way vary, or agree to the variation of, any material provision of such Material Document or of the performance of any material covenant or obligation by any other Person under any Material Document that could reasonably be expected to adversely affect any material any right or interest of the Lenders or the Borrower's or its Subsidiaries' ability to pay and perform the Obligations, or (v) assign (other than pursuant to the Security Documents) or otherwise dispose of (by operation of law or otherwise) any part of its interest in any Material Document; provided, however, that the Borrower or its Subsidiaries may, without violating the provisions of this Section 7.12, do any of the foregoing without the prior written consent of the Administrative Agent, if such actions could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.