Amendments to Collateral Assets Sample Clauses

Amendments to Collateral Assets. The Borrower (and the Collateral Manager on its behalf) shall not consent to any amendment or waiver of or supplement to any Collateral Asset or any Related Document for any Collateral Asset (i) that would result in a Default an Event of Default or (ii) after the occurrence and during the continuance of an Event of Default. The Borrower (and the Collateral Manager on its behalf) shall not consent to any extension or postponement of the maturity date with respect to any Collateral Asset without the prior written consent of the Administrative Agent; provided that the Administrative Agent shall use reasonable efforts to reply to any such request for consent within seven (7) days of such request. It is understood and agreed that any failure to provide consent within seven (7) days shall not in any way prejudice the consent rights of the Administrative Agent hereunder.
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Amendments to Collateral Assets. The Borrower (and the Collateral Manager on its behalf) may enter into any amendment or waiver of or supplement to any Related Document; provided that the prior written consent of the Required Lenders shall be required if an Event of Default has occurred and is continuing or an Event of Default or Default would result from such amendment, waiver or supplement; provided, further, that, if the Required Lenders fail to provide consent to any amendment or waiver to the extent required under this Section 5.02(s), then notwithstanding any provision of the Facility Documents to the contrary (excluding Section 10.04 herein), it shall be permitted to sell the relevant Collateral Asset as long as (x) no Default or Event of Default has occurred and is continuing or would result from such sale and (y) the sale price is at least equal to the Asset Value for such Collateral Asset; provided, further, that if such sale cannot be consummated pursuant to the foregoing proviso due to the restrictions in Section 10.04, then it shall be permitted to consummate such amendment, waiver or supplement so long as (x) no Default or Event of Default has occurred and is continuing or would result from such sale and (y) it receives a cash equity contribution at least equal to the Asset Value for such Collateral Asset.
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Amendments to Collateral Assets. The Borrower (and the Collateral Manager on its behalf) may enter into any amendment or waiver of or supplement to any Related Document; provided that the prior written consent of the Required Lenders shall be required if an Event of Default has occurred and is continuing or an Event of Default or Default would result from such amendment, waiver or supplement.
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Amendments to Collateral Assets. The Borrower (and the Collateral Manager on its behalf) shall not consent to any amendment or waiver of or supplement to any Collateral Asset or any Related Document for any Collateral Asset (i) that would result in a Default an Event of Default or (ii) after the occurrence and during the continuance of an Event of Default.
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Amendments to Collateral Assets. The Collateral Manager will provide to the Administrative Agent, the Collateral Custodian and, upon request, any Lender, a copy of any amendment, restatement, supplement, waiver or other modification to the Underlying Instrument of any Collateral Asset (along with any internal underwriting and credit memos prepared by the Collateral Manager and provided to its investment committee in connection with such amendment, restatement, supplement, waiver or other modification) that would constitute a Material Modification (and, upon the request of the Administrative Agent, any other amendment, restatement, supplement, waiver or other modification to the Underlying Instrument of any
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Amendments to Collateral Assets. The Collateral Manager will provide to the Administrative Agent, the Collateral Custodian and, upon request, any Lender, a copy of any amendment, restatement, supplement, waiver or other modification to the Underlying Instrument of any Collateral Asset (along with any internal underwriting and credit memos prepared by the Collateral Manager and provided to its investment committee in connection with such amendment, restatement, supplement, waiver or other modification) that would constitute a Material Modification (and, upon the request of the Administrative Agent, any other amendment, restatement, supplement, waiver or other modification to the Underlying Instrument of any Collateral Asset to the extent in the Borrower’s possession) promptly upon the effectiveness of such amendment, restatement, supplement, waiver or other modification or promptly after such request, as applicable. (j)
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Related to Amendments to Collateral Assets

  • Additional Collateral With respect to any new Subsidiary (other than any Specified Excluded Subsidiary so long as it qualifies) created or acquired by the Borrower or any of its Subsidiaries (which shall be deemed to have occurred in the event that any Specified Excluded Subsidiary ceases to qualify as such, it being understood that such Subsidiaries will not be required to become Subsidiary Guarantors until such time), promptly (a) execute and deliver to the Administrative Agent such amendments to the Guarantee and Collateral Agreement as the Administrative Agent deems necessary or advisable to grant to the Administrative Agent, for the benefit of the Lenders, or the Borrower, as the case may be, a perfected first priority security interest, subject to Liens not prohibited by Section 7.3, in (i) the Equity Interests of such new Subsidiary and all other property of the type that would constitute Collateral of such new Subsidiary (including Intercompany Obligations) that are held by Holdings, the Borrower or any of its Subsidiaries, (a) limited in the case of the Equity Interests of any Foreign Subsidiary, to 66% of the total outstanding Equity Interests of such Foreign Subsidiary and (b) excluding any Equity Interests of such Subsidiary in excess of the maximum amount of such Equity Interests that could be included in the Collateral without creating, in connection with the pledge thereof under any class of debt securities that is secured on a pari passu basis with the Obligations, a requirement pursuant to Rule 3-16 of Regulation S-X under the Securities Act for separate financial statements of such Subsidiary to be included in filings by the Borrower with the SEC, and (ii) any Collateral with respect to such new Subsidiary as described in the Guarantee and Collateral Agreement, (b) deliver to the Administrative Agent the certificates, if any, representing such Equity Interests (constituting securities within the meaning of Section 8-102(a)(15) of the New York UCC), and any intercompany notes or other instruments evidencing Intercompany Obligations and all other rights and interests constituting Collateral, together with, as applicable, undated powers, instruments of transfer and endorsements, in blank, executed and delivered by a duly authorized officer of Holdings, the Borrower or such Subsidiary, as the case may be, and (c) cause such new Subsidiary (i) to deliver an Assumption Agreement with respect to the Guarantee and Collateral Agreement and (ii) to take such actions necessary or advisable to grant to the Administrative Agent for the benefit of the Lenders a perfected first priority security interest, subject to Liens not prohibited by Section 7.3, in the Collateral described in the Guarantee and Collateral Agreement with respect to such new Subsidiary, including the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent.

  • Collection Efforts, Modification of Collateral (a) The Servicer will use commercially reasonable efforts to collect, or cause to be collected, all payments called for under the terms and provisions of the Collateral Loans included in the Collateral as and when the same become due, all in accordance with the Servicing Standard.

  • Transfer of Collateral In connection with the transfer or assignment of the Note (whether by negotiation, discount or otherwise), the Company may transfer all or any part of the Collateral, and the transferee shall thereupon succeed to all the rights, powers and remedies granted the Company hereunder with respect to the Collateral so transferred. Upon such transfer, the Company shall be fully discharged from all liability and responsibility for the transferred Collateral.

  • Maintenance of Collateral Accounts Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) hereof.

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