Amendments to DIP Credit Facility Sample Clauses

Amendments to DIP Credit Facility. The DIP Credit Agreement or any other DIP Loan Documents may from time to time be amended by the parties thereto without further order of this Court, in each case, in such form as the Debtors, the Administrative Agent and the DIP Lenders (to the extent required) may agree; provided, however that (x) notice of any such modification or amendment (other than non-material amendments or waivers) shall be provided to the Creditors’ Committee and the U.S. Trustee, each of which will have five days from the date of such notice within which to object in writing; and (y) notice of a modification or amendment that proposes any change to the definition or treatment of Excluded Collateral or proposes granting of security interests in additional property in which a party has an interest shall be provided to any party directly and adversely affected thereby, and such party shall have 10 days from the date of such notice within which to object in writing. If an objection is timely provided pursuant to section (x) or (y) of this paragraph and not resolved on a consensual basis, then the relevant modification or amendment shall be permitted only pursuant to an order of the Court.
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