Common use of Amendments to Subordinated Debt Clause in Contracts

Amendments to Subordinated Debt. (a) Amend, supplement or otherwise modify any document, instrument or agreement relating to any Subordinated Debt, if, in each case, such modification (a) increases the principal balance of such Debt, or increases any required payment of principal or interest; (b) accelerates the date on which any installment of principal or any interest is due, or adds any additional redemption, put or prepayment provisions; (c) shortens the final maturity date or otherwise accelerates amortization; (d) increases the interest rate; (e) increases or adds any fees or charges; (f) modifies any covenant in a manner or adds any representation, covenant or default that is more onerous or restrictive in any material respect for Parent or its Subsidiaries, or that is otherwise materially adverse to Parent, any of its Subsidiaries or Lenders; or (g) results in the Obligations not being fully benefited by the subordination provisions thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Conns Inc), Loan and Security Agreement (Conns Inc)

AutoNDA by SimpleDocs

Amendments to Subordinated Debt. (a) Amend, supplement or otherwise modify any document, instrument or agreement relating to any Subordinated Debt, if, in each case, if such modification (a) increases the principal balance of such DebtDebt (other than as a result of paid-in-kind interest), or increases any required payment of principal or interest; (b) accelerates the date on which any installment of principal or any interest is due, or adds any additional redemption, put or prepayment provisions; (c) shortens the final maturity date or otherwise accelerates amortization; (d) increases the interest rate; (e) increases or adds any fees or charges; (f) modifies any covenant in a manner or adds any representation, covenant or default that is more onerous or restrictive in any material respect for Parent any Borrower or its SubsidiariesSubsidiary, or that is otherwise materially adverse to Parentany Borrower, any of its Subsidiaries Subsidiary or LendersLender; or (g) results in the Obligations not being fully benefited by the subordination provisions thereof.

Appears in 2 contracts

Samples: Term Loan and Security (Blyth Inc), Loan and Security Agreement (Blyth Inc)

Amendments to Subordinated Debt. (a) Amend, supplement or otherwise modify any document, instrument or agreement relating to any Subordinated Debt, if, in each case, if such modification (a) increases the principal balance of such Debt, or increases any required cash payment payable prior to the Full Payment of principal or interestall Obligations; (b) accelerates the date on which any installment of principal or any interest is due, or adds any additional redemption, put or prepayment provisions; (c) shortens the final maturity date or otherwise accelerates amortization; (d) increases the interest rate; (e) increases or adds any fees or charges; (f) modifies any covenant in a manner or adds any representation, covenant or default that is more onerous or restrictive in any material respect for Parent any Borrower or its SubsidiariesSubsidiary, or that is otherwise materially adverse to Parentany Borrower, any of its Subsidiaries Subsidiary or LendersLender; or (g) results in the Obligations not being fully benefited by the subordination provisions thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Ashworth Inc)

Amendments to Subordinated Debt. (a) Amend, supplement or otherwise modify any document, instrument or agreement relating to any Subordinated Debt, if, in each case, if such modification (a) increases the principal balance of such Debt, or increases any required cash payment payable prior to the Full Payment of principal or interestall Obligations; (b) accelerates the date on which any installment of principal or any interest is due, or adds any additional redemption, put or prepayment provisions; (c) shortens the final maturity date or otherwise accelerates amortization; (d) increases the interest rate; (e) increases or adds any fees or charges; (f) modifies any covenant in a manner or adds any representation, covenant or default that is more onerous or restrictive in any material respect for Parent the Borrower or its SubsidiariesSubsidiary, or that is otherwise materially adverse to Parentthe Borrower, any of its Subsidiaries Subsidiary or LendersLender; or (g) results in the Obligations not being fully benefited by the subordination provisions thereof.

Appears in 1 contract

Samples: Loan Agreement (Ashworth Inc)

AutoNDA by SimpleDocs

Amendments to Subordinated Debt. (a) Amend, supplement or otherwise modify any document, instrument or agreement relating to any Subordinated Debt, if, in each case, (a) if such modification (ai) increases the principal balance of such Debt, or increases any required payment of principal or interest; (bii) accelerates the date on which any installment of principal or any interest is due, or adds any additional redemption, put or prepayment provisions; (ciii) shortens the final maturity date or otherwise accelerates amortization; (div) increases the interest rate; (ev) increases or adds any fees or charges; (fvi) modifies any covenant in a manner or adds any representation, covenant or default that is more onerous or restrictive in any material respect for Parent any Obligor or its SubsidiariesSubsidiary, or that is otherwise materially adverse to Parentany Obligor, any of its Subsidiaries Subsidiary or Lenders; or (gvii) results in the Obligations not being fully benefited by the subordination provisions thereof, or (viii) is otherwise prohibited by the terms of the subordination agreement with respect thereto or (b) without providing a copy of any such material amendment, supplement or other modification to Agent promptly upon its execution.

Appears in 1 contract

Samples: Loan, Security and Guarantee Agreement (AutoWeb, Inc.)

Amendments to Subordinated Debt. (a) Amend, supplement or otherwise modify any document, instrument or agreement relating to any Subordinated Debt, if, in each case, such modification (a) increases the principal balance of such Debt, or increases any required payment of principal or interest; (b) accelerates the date on which any installment of principal or any interest is due, or adds any additional redemption, put or prepayment provisions; (c) shortens the final maturity date or otherwise accelerates amortization; (d) increases the interest rate; (e) increases or adds any fees or charges; (f) modifies any covenant in a manner or adds any representation, covenant or default that is more onerous or restrictive in any material respect for Parent or its Subsidiaries, or that is otherwise materially adverse to Parent, any of its Subsidiaries Subsidiary or Lenders; or (g) results in the Obligations not being fully benefited by the subordination provisions thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Conns Inc)

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