Common use of Amendments Requiring Unanimous Consent Clause in Contracts

Amendments Requiring Unanimous Consent. The following amendments shall require the unanimous consent of all Lenders: (a) Changes to the definition of "Required Lenders" or changes that affect in any way and to any extent the relative rights of Term A Lenders versus Term B Lenders; (b) Any amendment that releases all or substantially all of the Collateral; (c) Any amendment that directly reduces the principal, interest rate, or payment terms applicable to any Loan or affects the relative priority of security interests; or (d) Any amendment to this Section 5.3.

Appears in 1 contract

Samples: Intercreditor and Collateral Agency Agreement (ScanTech AI Systems Inc.)

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