Common use of Amendments to Subordinated Debt Clause in Contracts

Amendments to Subordinated Debt. Except to the extent relating to Subordinated Debt of the Borrowers or any Restricted Subsidiary with an aggregate outstanding principal amount not in excess of $20,000,000 or otherwise permitted pursuant to the applicable subordination agreement, if any, amend, supplement or otherwise modify any document, instrument or agreement relating to any Subordinated Debt, if such modification is materially adverse to the interest of the Lenders or the Agent or that would have the effect of permitting a prepayment otherwise prohibited by Section 9.2.6 (it being understood that no amendment, supplement or other modification for refinancing, replacement or exchange thereof permitted by Section 9.2.6 is materially adverse to the interest of the Lenders).

Appears in 4 contracts

Samples: Credit Agreement (Milacron Holdings Corp.), Credit Agreement (Milacron Holdings Corp.), Credit Agreement (Milacron Holdings Corp.)

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