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 (i) (a) the Revolving Credit Facility or Permitted Refinancing Indebtedness in respect thereof or (b) 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, (ii) 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 later of the Revolving Credit Extended Maturity Date and the Term Loan Maturity Date or (iii) 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.
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Samples: Term Loan 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) (a) the Revolving Credit Facility Senior Secured Notes or any Permitted Refinancing Indebtedness in respect thereof or (b) thereof, 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 the replacement of the Adjusted LIBO Rate or the LIBO Rate shall be deemed to not be materially adverse to the Lenders), (iib) 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 later of the Revolving Credit Extended Maturity Date and the Term Loan Maturity Date or (iiic) 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.
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Samples: Lc Credit Agreement and u.s. Security Agreement (Weatherford International PLC)
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 (i) (a) the Revolving Credit Term Loan Facility or Permitted Refinancing Indebtedness in respect thereof or (b) 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, (ii) 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 later of the Revolving Credit Extended Maturity Date and the Term Loan Maturity Date or (iii) 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.
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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 Senior Secured Notes or any Permitted Refinancing Indebtedness in respect thereof, (aii) any Exit Senior Notes or senior notes in existence on the Revolving Credit Facility date hereof or Permitted Refinancing Indebtedness in respect thereof or (biii) 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 the replacement of the Adjusted LIBO Rate or the LIBO Rate (or the equivalent terms in any Revolving Credit Facility) shall be deemed to not be materially adverse to the Lenders), (iib) 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 later of the Revolving Credit Extended Maturity Date and the Term Loan Maturity Date or (iiic) 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)