Amendments to Material Documents Clause Samples
The "Amendments to Material Documents" clause governs how significant changes can be made to key agreements referenced in a contract. Typically, this clause requires that any modifications, waivers, or terminations of important documents—such as loan agreements, partnership contracts, or major supplier deals—receive prior written consent from specified parties, often the lender or a majority of stakeholders. By establishing a clear process and necessary approvals for altering foundational documents, this clause ensures that all parties maintain oversight and control over changes that could materially affect their rights or obligations, thereby reducing the risk of unexpected or unilateral modifications.
Amendments to Material Documents. The Company will not, and will not permit any Subsidiary to, amend, modify or waive any of its rights in a manner that would have a Material Adverse Effect under their respective certificates of incorporation, bylaws or other organizational documents.
Amendments to Material Documents. Borrower will not, nor -------------------------------- will Borrower permit any of its Restricted Subsidiaries to, (a) enter into any material modification or amendment of, grant any material consent under, or waive any material right or obligation of any Person under (i) its certificate or articles of incorporation, bylaws, partnership agreement, regulations or other organizational documents, or (ii) any of the Merger Documents, or (b) enter into any modification or amendment of, grant any consent under, or waive any right or obligation of any Person under (i) the Indenture, or (ii) the Subordinate Notes.
Amendments to Material Documents. 15.12.1. The Borrower may not enter into any contract other than:
(a) the Transaction Documents; and
(b) any other contract expressly allowed under any other term of this Agreement.
15.12.2. No Obligor may make any material amendment to, or terminate any Transaction Document save:
(a) where such an amendment is a Permitted Amendment; or
(b) with the Lender’s prior written consent (not to be unreasonably withheld or delayed).
15.12.3. Each Obligor shall perform its material obligations under any Transaction Document to which it is a party in all material respects.
Amendments to Material Documents. The Borrower shall not amend in any respect the Trust Agreement or other formation documents or the material terms of any material contracts to which the Borrower is a party without providing at least thirty (30) calendar days' prior written notice to the Bank and, in the event such change would be adverse to the Bank as determined by the Bank in its sole discretion, obtaining the prior written consent of the Bank. Borrower shall provide a copy of any such proposed amendment to the Bank and the Bank shall have fifteen (15) days from its receipt thereof to determine whether such change would be adverse to the Bank and respond to Borrower. A failure by the Bank to respond within such fifteen (15) day period will be deemed a consent by the Bank to the proposed amendment.
Amendments to Material Documents. 51 Section 9.7. Use of Proceeds.............................................................................51 Section 9.8. Investments.................................................................................51 Section 9.9. Transactions with Affiliates................................................................51 Section 9.10. ERISA. ....................................................................................51 Section 9.11. Hedge Transactions..........................................................................52 Section 9.12. Operating Leases............................................................................52 Section 9.13. Speculative Hedge Transactions..............................................................52 Section 9.14. Fiscal Year.................................................................................52 Section 9.15. Change in Business..........................................................................52 Section 9.16. Acquisition.................................................................................52 Section 9.17. Gas Balancing Agreements....................................................................53
Amendments to Material Documents. The Borrower will not amend, modify or waive any of its rights under its certificate of incorporation articles of organization or equivalent, bylaws, operating agreement or equivalent, or other organizational documents other than in a manner that could not reasonably be expected to have a material adverse effect on the Noteholders.
Amendments to Material Documents. Amend, modify or waive any of its rights in a manner materially adverse to the Buyer, as determined by the Buyer, in the Buyer’s sole discretion, under (a) its certificate or articles of incorporation or organization, its bylaws or operating agreement, as applicable, or any other organizational documents or (b) any material contract if, in either case, any such amendment, modification or waiver, would cause a change in the financial condition of the Seller or any of its Subsidiaries in a Material Amount or otherwise cause a Material Adverse Effect.
Amendments to Material Documents. Parent and each Borrower will not, nor will Parent and/or any Borrower permit any other Credit Party to, enter into or permit any modification or amendment of, grant any material consent under, or waive any material right or obligation of any Credit Party under (a) its certificate or articles of incorporation, bylaws, regulations, certificate of limited partnership, limited partnership agreement, or other organizational documents; or (b) any Closing Document.
Amendments to Material Documents. The Borrower will not, and will not permit any Restricted Subsidiary nor any Non-Recourse Pledgor to, enter into or permit any modification or amendment of, or waive any material right or obligation of any Person under (a) any agreement related to any Subordinated Debt to the extent any such modification, amendment or waiver would be materially adverse to the Lenders, (b) any of the ABL Loan Documents, except as permitted by the Intercreditor Agreement, (c) the Omnibus Agreement or (d) its Organization Documents in any manner materially adverse to the Lenders.
Amendments to Material Documents. Neither Borrower will, nor will either Borrower permit any of its Subsidiaries to enter into or permit any modification or amendment of, or waive any material right or obligation of any Person under (a) its articles of association, certificate of incorporation, bylaws, partnership agreement, regulations or other organizational documents other than amendments, modifications and waivers which could not reasonably be expected to have a Material Adverse Effect, (b) the 1997 Notes Indenture or the 9x Notes Indenture if the effect of any such modification, amendment or waiver (i) is to alter or amend in any way the subordination provisions thereof or definitions of defined terms utilized in such subordination provisions or is otherwise adverse to the rights of holders of "Senior Indebtedness of the Issuer," "Senior Indebtedness of the Company", or "Senior Indebtedness of Guarantor" thereunder, (ii) is to accelerate the maturity of the 1997 Notes or the 9x% Notes or the date on which any payment is due thereunder, (iii) is to increase the interest rate applicable to the 1997 Notes or the 9x% Notes, or (iv) is to add representations, warranties, covenants or events of default or otherwise cause the 1997 Notes Indenture or the 9x% Notes Indenture to be more restrictive or burdensome to TEL or any of its Subsidiaries, (c) the Existing Advance Payment Contract, (d) the License Agreements, or (e) the Joint Operating Agreement (other than, in the case of clauses (d) and (e) hereof, modifications, amendments and waivers which have no material adverse effect on the rights, interests or obligations [economic or otherwise] of TEL and its Subsidiaries arising under such agreements).