Amendments or Waivers of Related Agreements Sample Clauses

Amendments or Waivers of Related Agreements. A. None of Company nor any of its Subsidiaries will agree to any material amendment to, or waive any of its material rights under, any Related Agreement, or terminate or agree to terminate any Related Agreement without in each case obtaining the prior written consent of Requisite Lenders to such amendment, waiver or termination. B. Company shall not, and shall not permit any of 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 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 Company or Lenders. C. Company shall not, and shall not permit any of its Subsidiaries to, designate any Indebtedness as "Designated Senior Debt" (as defined in the Senior Subordinated Debt Indenture) for purposes of the Senior Subordinated Debt Indenture without the prior written consent of Requisite Lenders.
AutoNDA by SimpleDocs
Amendments or Waivers of Related Agreements. The Company will not, and will not permit any of its Subsidiaries to, agree to any material amendment to, or waive any of its material rights under, the Related Agreements after the Closing Date without in each case obtaining the prior written consent of the Required Lenders to such amendment or waiver.
Amendments or Waivers of Related Agreements. Unless the prior written consent of Requisite Lenders is obtained, neither Borrower nor any of its Subsidiaries will (i) agree to any material amendment to, or waive any of its material rights under, any Related Agreement in any manner that is, in the reasonable opinion of Administrative Agent, adverse to Administrative Agent or the Lenders, (ii) incur any additional material obligations or increase any payment obligations under any Related Agreement after the Closing Date, or (iii) agree to any amendment to any Senior Subordinated Note Document.
Amendments or Waivers of Related Agreements. AMENDMENTS OF DOCUMENTS RELATING TO CERTAIN INDEBTEDNESS; LIMITATION ON RESTRICTIONS ON AMENDMENTS OR WAIVERS OF LOAN DOCUMENTS. A. AMENDMENTS OR WAIVERS OF RELATED AGREEMENTS. Neither Company nor any of its Subsidiaries will agree to any material amendment to, or waive any of its material rights under, any Related Agreement (other than the New Senior Subordinated Note Indenture and the documents delivered in connection therewith) after the Closing Date without in each case obtaining the prior written consent of Requisite Lenders to such amendment or waiver if such amendment or waiver would be materially adverse to the rights of Company or Lenders.
Amendments or Waivers of Related Agreements. Neither Company nor any of its Subsidiaries will agree to any material amendment to, or waive any of its material rights under, any Related Document after the Closing Date without in each case obtaining the prior written consent of Requisite Lenders. Without limiting the foregoing, the Company will not, without obtaining the prior written consent of Requisite Lenders, amend the Equity Issuance Documentation to contain any mandatory put, redemption, repayment, sinking fund or other required cash payment (other than a liquidation preference) prior to the date that is 91 days after the Revolving Loan Commitment Termination Date or any covenant or event of default (other than any covenant restricting payments by the Company with respect to the common stock of the Company in violation of the liquidation preference of the Equity Issuance). For greater certainty, nothing herein shall prevent the assignment, after the Closing Date, of Series B New Preferred Stock to Persons who are common shareholders of the Parent or to an Affiliate of any such Person.
Amendments or Waivers of Related Agreements. No Credit Party shall, nor shall it permit any of its Subsidiaries to, amend or otherwise modify any material terms of (i) the Management Services Agreement or the Tax Sharing Agreement in a manner which is, in the reasonable opinion of the Administrative Agent, materially adverse to the Lenders or (ii) the Stock Agreements so as to (a) conflict with any obligations of any Credit Party under the Credit Documents or (b) affect any outstanding equity commitments (in excess of $250,000 in the aggregate) thereunder, without in each case obtaining the prior written consent of Requisite Lenders to such amendment, or other modification. Borrower shall ensure that a copy of any amendment or other modification of a Related Agreement (whether or not requiring such consent pursuant to this Section 6.15) is promptly delivered to the Administrative Agent.
Amendments or Waivers of Related Agreements. Unless the prior written consent of Requisite Lenders is obtained, neither any Loan Party nor any of its Subsidiaries will (i) agree to any material amendment to, or waive any of its material rights under, any Related Agreement in any manner that is, in the reasonable opinion of Administrative Agent, adverse to Administrative Agent or Lenders, (ii) incur any additional material obligations or increase any payment obligations under any Related Agreement after the Closing Date, (iii) amend, modify or change its articles of incorporation (or corporate charter or other similar organizational document) or bylaws (or other similar document) in any manner adverse to the interests of Lenders without the prior written consent of the Requisite Lenders, (iv) amend, modify, waive or extend or permit the amendment, modification, waiver or extension of any term of any Subordinated Debt or the other subordination provisions related thereto in a manner that is adverse to the interests of Lenders.
AutoNDA by SimpleDocs
Amendments or Waivers of Related Agreements. Unless the prior written consent of Requisite Lenders is obtained, neither of the Borrowers nor any of their Subsidiaries will agree to any amendment to any Senior Note Documents, Subordinated Indebtedness or Refinancing Indebtedness if the effect of such amendment, together with all other amendments made, is to increase the obligations of the obligor thereunder in a manner which is materially adverse to Lenders or to confer any material additional rights on the holders of such Indebtedness (or a trustee or other representative on their behalf) in a manner which is materially adverse to Lenders or which would otherwise be adverse in any material respect to the obligor thereunder or Lenders; provided, however, that the 7.114% Senior Notes Due August 2011 may be modified solely to provide that they shall be secured on an equal and ratable basis with and in the same manner as the other Senior Notes, without the consent of the Requisite Lenders.
Amendments or Waivers of Related Agreements. Except (a) pursuant to the terms and provisions of the First Amendment Agreement and the Intercreditor Reaffirmation and Amendment and (b) in the case of the First Lien Credit Documents, as otherwise provided in the Intercreditor Agreement (as amended by the Intercreditor Reaffirmation and Amendment), no Credit Party shall nor shall it permit any of its Subsidiaries to agree to any material amendment, restatement, supplement or other modification to, or waiver of, any of its material rights under any Related Agreement after the date hereof without in each case obtaining the prior written consent of Requisite Lenders to such amendment, restatement, supplement or other modification or waiver.”
Amendments or Waivers of Related Agreements. No Credit Party shall nor shall it permit any of its Subsidiaries to (except, in the case of the First Lien Credit Documents, as otherwise provided in the Intercreditor Agreement) agree to any material amendment, restatement, supplement or other modification to, or waiver of, any of its material rights under any Related Agreement after the Closing Date without in each case obtaining the prior written consent of Requisite Lenders to such amendment, restatement, supplement or other modification or waiver.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!