Common use of Amendments to Documents Governing Certain Indebtedness Clause in Contracts

Amendments to Documents Governing Certain Indebtedness. WIL-Ireland shall not, and shall not permit any Restricted Subsidiary to, amend or otherwise modify any of the documentation governing (a) (i) the Term Loan Facility or Permitted Refinancing Indebtedness in respect thereof, (ii) the 364-Day Revolving Credit Facility or Permitted Refinancing Indebtedness in respect thereof or (iii) any Existing Senior Notes or Permitted Refinancing Indebtedness in respect thereof, in each case to the extent that any such amendment or other modification, taken as a whole, would be materially adverse to the Lenders (provided that, for the avoidance of doubt, any amendment or other modification in order to incorporate (x) any 364-Day Revolving Credit Incremental Commitment permitted hereby or (y) the replacement of the Adjusted LIBO Rate or the LIBO Rate (each as defined in the Term Loan Agreement and the 364-Day Revolving Credit Agreement) shall be deemed to not be materially 121 adverse to the Lenders), (b) any unsecured Indebtedness incurred pursuant to Section 8.01(k) to reduce the stated maturity of any such Indebtedness to be sooner than 91 days after the latest to occur of the Extended Maturity Date, the 364-Day Revolving Credit Maturity Date and the Term Loan Maturity Date or (c) any Subordinated Indebtedness incurred pursuant to Section 8.01(l) to amend or otherwise modify the subordination terms of such Indebtedness in a manner adverse to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Weatherford International PLC)

AutoNDA by SimpleDocs

Amendments to Documents Governing Certain Indebtedness. WIL-Ireland Parent shall not, and shall not permit any Restricted Subsidiary to, amend or otherwise modify any of the documentation governing (a) (i) the Term Loan Facility or Permitted Refinancing Indebtedness in respect thereof, (ii) the 364-Day Revolving ABL Credit Facility or Permitted Refinancing Indebtedness in respect thereof or (iiiii) any Existing Exit Senior Notes or senior notes in existence on the date hereof or Permitted Refinancing Indebtedness in respect thereof, in each case to the extent that any such amendment or other modification, taken as a whole, would be materially adverse to the Lenders (provided that, for the avoidance of doubt, any amendment or other modification in order to incorporate (x) any 364-Day Revolving Credit Incremental Commitment permitted hereby or (y) the replacement of the Adjusted LIBO Rate or the LIBO Rate (each as defined in the Term Loan Agreement and the 364-Day Revolving ABL Credit Agreement) shall be deemed to not be materially 121 adverse to the Lenders), (b) except as permitted by Section 8.01(i)(iii), any unsecured Indebtedness incurred pursuant to Section 8.01(k8.01(i) to reduce the stated maturity of any such Indebtedness to be sooner than 91 days after the latest to occur of the Extended Maturity Date, the 364-Day Revolving Credit Maturity Date and the Term Loan ABL Maturity Date or (c) any Subordinated Indebtedness incurred pursuant to Section 8.01(l8.01(j) to amend or otherwise modify the subordination terms of such Indebtedness in a manner adverse to the Lenders.

Appears in 1 contract

Samples: Intercreditor Agreement (Weatherford International PLC)

Amendments to Documents Governing Certain Indebtedness. WIL-Ireland Parent shall not, and shall not permit any Restricted Subsidiary to, amend or otherwise modify any of the documentation governing (a) (i) the Term Loan Facility Senior Secured Notes or any Permitted Refinancing Indebtedness in respect thereof, (ii) any Exit Senior Notes or senior notes in existence on the 364-Day Revolving Credit Facility date hereof or Permitted Refinancing Indebtedness in respect thereof or (iii) any Existing Senior Notes Revolving Credit Facility or any Permitted Refinancing Indebtedness in respect thereof, in each case to the extent that any such amendment or other modification, taken as a whole, would be materially adverse to the Lenders (provided that, for the avoidance of doubt, any amendment or other modification in order to incorporate (x) any 364-Day Revolving Credit Incremental Commitment permitted hereby or (y) the replacement of the Adjusted LIBO Rate or the LIBO Rate (each as defined or the equivalent terms in the Term Loan Agreement and the 364-Day any Revolving Credit AgreementFacility) shall be deemed to not be materially 121 adverse to the Lenders), (b) except as permitted by Section 8.01(i)(iii), any unsecured Indebtedness incurred pursuant to Section 8.01(k8.01(i) to reduce the stated maturity of any such Indebtedness to be sooner than 91 days after the latest to occur of the Extended Maturity Date, the 364-Day Revolving Credit Maturity Date and the Term Loan Maturity Date or (c) any Subordinated Indebtedness incurred pursuant to Section 8.01(l8.01(j) to amend or otherwise modify the subordination terms of such Indebtedness in a manner adverse to the Lenders.

Appears in 1 contract

Samples: Lc Credit Agreement (Weatherford International PLC)

Amendments to Documents Governing Certain Indebtedness. WIL-Ireland Parent shall not, and shall not permit any Restricted Subsidiary to, amend or otherwise modify any of the documentation governing (a) (i) the Term Loan Facility Senior Secured Notes or any Permitted Refinancing Indebtedness in respect thereof, (ii) the 364-Day Revolving Credit Facility or Permitted Refinancing Indebtedness in respect thereof or (iii) any Existing Exit Senior Notes or senior notes in existence on the date hereof or Permitted Refinancing Indebtedness in respect thereof, in each case to the extent that any such amendment or other modification, taken as a whole, would be materially adverse to the Lenders (provided that, for the avoidance of doubt, any amendment or other modification in order to incorporate (x) any 364-Day Revolving Credit Incremental Commitment permitted hereby or (y) the replacement of the Adjusted LIBO Rate or the LIBO Rate (each as defined in the Term Loan Agreement and the 364-Day Revolving Credit Agreement) shall be deemed to not be materially 121 adverse to the Lenders), (b) except as permitted by Section 8.01(i)(iii), any unsecured Indebtedness incurred pursuant to Section 8.01(k8.01(i) to reduce the stated maturity of any such Indebtedness to be sooner than 91 days after the latest to occur of the Extended Maturity Date, the 364-Day Revolving Credit Maturity Date and the Term Loan Maturity Date or (c) any Subordinated Indebtedness incurred pursuant to Section 8.01(l8.01(j) to amend or otherwise modify the subordination terms of such Indebtedness in a manner adverse to the Lenders.

Appears in 1 contract

Samples: Intercreditor Agreement (Weatherford International PLC)

AutoNDA by SimpleDocs

Amendments to Documents Governing Certain Indebtedness. WIL-Ireland shall not, and shall not permit any Restricted Subsidiary to, amend or otherwise modify any of the documentation governing (a) (i) the Term Loan Facility or Permitted Refinancing Indebtedness in respect thereof, (ii) the 364-Day Revolving Credit Facility RCF or Permitted Refinancing Indebtedness in respect thereof or (iii) any Existing Senior Notes or Permitted Refinancing Indebtedness in respect thereof, in each case to the extent that any such amendment or other modification, taken as a whole, would be materially adverse to the Lenders or, in the case of clause (i) above, is otherwise prohibited under the Intercreditor Agreement (provided that, for the avoidance of doubt, any amendment or other modification in order to incorporate (x) any 364-Day Revolving Credit RCF Incremental Commitment permitted hereby or (y) the replacement of the Adjusted LIBO Rate or the LIBO Rate (each as defined in the Term Loan RCF Credit Agreement and the 364-Day Revolving Credit Term Loan Agreement) shall be deemed to not be materially 121 adverse to the Lenders), (b) any unsecured Indebtedness incurred pursuant to Section 8.01(k) to reduce the stated maturity of any such Indebtedness to be sooner than 91 days after the latest to occur of the Extended Maturity Date, the 364-Day Revolving Credit RCF Maturity Date and the Term Loan Maturity Date or (ciii) any Subordinated Indebtedness incurred pursuant to Section 8.01(l) to amend or otherwise modify the subordination terms of such Indebtedness in a manner adverse to the Lenders.

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Weatherford International PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.