Amendments to Related Agreements and Subordinated Indebtedness. (a) No Credit Party shall and no Credit Party shall permit any of its Subsidiaries, to (i) amend, supplement, waive or otherwise modify any provision of any Related Agreement (other than the Seller Note) in a manner adverse to Agent or Lenders or which would reasonably be expected to have a Material Adverse Effect, or (ii) take or fail to take any action under any Related Agreement that would reasonably be expected to have a Material Adverse Effect. (b) No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries directly or indirectly to, change or amend the terms of the Seller Note if the effect of such change or amendment is to: (A) increase the interest rate on such Indebtedness; (B) shorten the dates upon which payments of principal or interest are due on such Indebtedness; (C) add or change in a manner adverse to the Credit Parties any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (D) change in a manner adverse to the Credit Parties the prepayment provisions of such Indebtedness; (E) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); or (F) change or amend any other term if such change or amendment would materially increase the obligations of the Credit Parties or confer additional material rights on the holder of such Indebtedness in a manner adverse to the Credit Parties, Agent or Lenders.
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Amendments to Related Agreements and Subordinated Indebtedness. (a) No Credit Party The Borrower shall and no Credit Party shall permit any of its Subsidiaries, to not (i) amend, modify, supplement, waive or otherwise modify any provision of, the Related Agreements the effect of any Related Agreement (other than the Seller Note) in a manner adverse to Agent or Lenders or which would could reasonably be expected to have a Material Adverse Effect, or (ii) take or fail to take any action under any the Related Agreement Agreements that would could reasonably be expected to have a Material Adverse Effect.
(b) No Credit Party shall, Borrower shall not and no Credit Party shall not permit any of its Subsidiaries directly or indirectly to, to change or amend the terms of the Seller Note any Subordinated Indebtedness if the effect of such change or amendment is to: (Ai) increase the interest rate on such Indebtedness; (Bii) shorten accelerate the dates upon which payments of principal or interest are due on such Indebtedness; (Ciii) add or change in a manner adverse to the Credit Parties any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (Div) change in a manner adverse to the Credit Parties the prepayment provisions of such Indebtedness; (Ev) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); or (Fvi) change or amend any other term if such change or amendment would materially increase the obligations of the Credit Parties obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to the Credit PartiesBorrower, any of its Subsidiaries, Agent or Lenders.
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Amendments to Related Agreements and Subordinated Indebtedness. (a) No Credit Party shall and no Credit Party shall permit any of its Subsidiaries, to (i) amend, supplement, waive or otherwise modify any provision of any Related Agreement (other than the Seller Note) in a manner adverse to Agent or Lenders or which would reasonably be expected to have a Material Adverse Effect, or (ii) take or fail to take any action under any Related Agreement that would reasonably be expected to have a Material Adverse Effect.
(b) No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries directly or indirectly to, change or amend the terms of the Seller Note any (i) Convertible Indebtedness Documents or (ii) Subordinated Indebtedness, in each case, if the effect of such change or amendment is to: (A) except in the case of a Permitted Convertible Note Refinancing, increase the interest rate on such Indebtedness; (B) shorten the dates upon which payments of principal or interest are due on such Indebtedness; (C) add or change in a manner adverse to the Credit Parties any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (D) change in a manner adverse to the Credit Parties the prepayment provisions of such Indebtedness; (E) to the extent applicable, change the subordination provisions thereof (or the subordination terms of any guaranty thereof)) in a manner adverse to the Lenders; or (F) change or amend any other term if such change or amendment would materially increase the obligations of the Credit Parties or confer additional material rights on the holder of such Indebtedness in a manner adverse to the Credit Parties, Agent or Lenders.
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Samples: Credit Agreement (Affymetrix Inc)
Amendments to Related Agreements and Subordinated Indebtedness. (a) No Credit Party The Borrowers shall not and no Credit Party shall not permit any of its their Subsidiaries, to (i) amend, supplement, waive or otherwise modify any provision of of, any Related Agreement (other than the Seller Note) in a manner adverse to the Agent or Lenders Banks or which would could reasonably be expected to have a Material Adverse Effect, or (ii) take or fail to take any action under any Related Agreement that would could reasonably be expected to have a Material Adverse Effect.
(b) No Credit Party shallthe Borrowers shall not, and no Credit Party shall not permit any of its their Subsidiaries directly or indirectly to, change or amend the terms of the Seller Note any Subordinated Indebtedness if the effect of such change or amendment is to: (A) increase the interest rate on such Indebtedness; (B) shorten the dates upon which payments of principal or interest are due on such Indebtedness; (C) add or change in a manner adverse to the Credit Parties any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (D) change in a manner adverse to the Credit Parties the prepayment provisions of such Indebtedness; (E) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); or (FD) change or amend any other term if such change or amendment would materially increase the obligations of the Credit Parties obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to such Borrower, any of its Subsidiaries, the Credit Parties, Agent or Lendersthe Banks.
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Samples: Revolving Credit and Term Loan Agreement (Commercial Vehicle Group, Inc.)
Amendments to Related Agreements and Subordinated Indebtedness. (a) No Credit Party The Borrower shall not, and no Credit Party shall not permit any of its SubsidiariesSubsidiaries to, to (i) amend, supplement, waive or otherwise modify any provision of of, any Related Agreement (other than the Seller Note) in a manner adverse to Agent or Lenders or which would could reasonably be expected to have a Material Adverse Effect, or (ii) take or fail to take any action under any Related Agreement that would could reasonably be expected to have a Material Adverse Effect.
(b) No Credit Party shallBorrower shall not, and no Credit Party shall not permit any of its Subsidiaries directly or indirectly to, change or amend the terms of the Seller Note any Subordinated Indebtedness if the effect of such change or amendment is to: (Ai) increase the interest rate on such IndebtednessIndebtedness other than, with respect to the Senior Subordinated Notes, in accordance with Section 4 of the Registration Rights Agreement as in effect on the Closing Date; (Bii) shorten the dates upon which payments of principal or interest are due on such Indebtedness; (Ciii) add or change in a manner adverse to the Credit Parties Borrower any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (Div) change in a manner adverse to Borrower or the Credit Parties Lenders the prepayment provisions of such Indebtedness; (Ev) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); or (Fvi) change or amend any other term if such change or amendment would materially increase the obligations of the Credit Parties obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to the Credit PartiesBorrower, any of its Subsidiaries, Agent or Lenders.
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Amendments to Related Agreements and Subordinated Indebtedness. (a) No Credit Party The Borrower shall not and no Credit Party shall not permit any of its Subsidiaries, to (i) amend, supplement, waive or otherwise modify any provision of any of, the Related Agreement (other than the Seller Note) Agreements in a manner adverse to Agent or Lenders or which would reasonably be expected to have a Material Adverse Effect, or (ii) take or fail to take any action under any the Related Agreement Agreements that would could reasonably be expected to have a Material Adverse Effect.
(b) No Credit Party shall, Borrower shall not and no Credit Party shall not permit any of its Subsidiaries directly or indirectly to, to change or amend the terms of the Seller Note any Subordinated Indebtedness if the effect of such change or amendment is to: (Ai) increase the interest rate on such IndebtednessIndebtedness (excluding the application of the original default rate of interest); (Bii) shorten or accelerate the dates upon which payments of principal or interest are due on such Indebtedness; (Ciii) add or change in a manner adverse to the Credit Parties any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (Div) change in a manner adverse to the Credit Parties the prepayment provisions of such Indebtedness; (Ev) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); or (Fvi) change or amend any other term if such change or amendment would materially increase the obligations of the Credit Parties obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to the Credit PartiesBorrower, any of its Subsidiaries, Agent or Lenders.
(c) Borrower shall not and shall not permit any of its Subsidiaries to amend or otherwise modify the B&L License Agreement in a manner materially adverse to Borrower or any of its Subsidiaries.
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