Arrangements Requiring Consent of Lenders Sample Clauses

Arrangements Requiring Consent of Lenders. Notwithstanding anything contained in this Financing Agreement to the contrary, the Agent will not, without the prior written consent of all of the Lenders: amend this Financing Agreement to (a) increase the Revolving Credit Facility or the Overadvance Availability; (b) reduce the interest rate; (c) reduce or waive any fees or the repayment of any Obligations due the Lenders or the Agent; (d) extend the maturity of the Obligations; or (e) alter or amend (i) this Section 13.10 or (ii) the definition of Eligible Accounts Receivable and/or Eligible Inventory and the Agent's criteria for determining compliance therewith. Except as otherwise hereinabove provided, the Agent will not, without the prior written consent of the Required Lenders: (a) amend this Financing Agreement or (b) waive any Event of Default under this Financing Agreement. In all other respects, the Agent is authorized to take such actions or fail to take such actions if the Agent, in its reasonable discretion, deems such to be advisable and in the best interest of the Lenders, including, but not limited to, the making of an Overadvance or the termination of the Revolving Credit Commitments and/or this Financing Agreement upon the occurrence of an Event of Default unless it is specifically instructed to the contrary by the written instructions of the Required Lenders. Notwithstanding the foregoing, the Agent may (in its sole discretion) and shall at the written direction of the Required Lenders upon the occurrence of an Event of Default and upon written notice to the Lenders and the Borrower, accelerate the Revolving Credit Loans, and the other Obligations of the Obligors hereunder. In such event, the Revolving Credit Loans shall be immediately deemed due and payable and each Lender's interest in the Revolving Credit Loans shall be settled in accordance with this Financing Agreement based on the Revolving Credit Loans outstanding as of the date of such written declaration. Thereafter, all collections received for application to the Revolving Credit Loans as provided in this Financing Agreement shall be applied first to the costs and expenses of collection and Out-of-Pocket Expenses, if any, then to the payment of interest on the Revolving Credit Loans, then to the principal balance of the Revolving Credit Loans. The Lenders acknowledge that an orderly repayment of the Revolving Credit Loans and/or liquidation of Collateral may necessitate the making of new Revolving Credit Loans after a declara...
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Related to Arrangements Requiring Consent of Lenders

  • Consent of Lenders (a) Except as expressly provided herein, the Agent shall have the sole and exclusive right to service, administer and monitor this Agreement, the Loans and the other Transaction Documents, including the right to exercise all rights, remedies, privileges and options under this Agreement and under the other Transaction Documents. Notwithstanding the foregoing, each Lender shall make its own investment decision with regard to this Agreement and the Loans, including the credit judgment with respect to the making of Loans and the determination as to the basis on which and extent to which Loans may be made.

  • Consent of Lender Subject to the terms of this Agreement, Lender hereby consents to the Requested Actions. Borrower Parties agree that this Agreement shall not be deemed an agreement by Lender to consent to any other transfer or conveyance of the Project or assumption of the Loan, or a consent to any secondary financing or secondary encumbrance on the Project or New Borrower or any interests in New Borrower.

  • Supplemental Agreements with Consent of Holders With the consent of the Holders of not less than a majority of the outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company and the Agent, the Company, when authorized by a Board Resolution, and the Agent may enter into an agreement or agreements supplemental hereto for the purpose of modifying in any manner the terms of the Purchase Contracts, or the provisions of this Agreement or the rights of the Holders in respect of the Securities; provided, however, that, except as contemplated herein, no such supplemental agreement shall, without the consent of the Holder of each Outstanding Security affected thereby,

  • Amendments with Consent of Holders (a) Subject to Section 5.1 (which amendments pursuant to Section 5.1 may be made without the consent of any Holder), with the written consent of the Holders of not less than a majority of the outstanding CVRs as set forth in the CVR Register, whether evidenced in writing or taken at a meeting of the Holders, Parent and the Rights Agent may enter into one or more amendments hereto for the purpose of adding, eliminating or changing any provisions of this Agreement, even if such addition, elimination or change is materially adverse to the interest of the Holders.

  • Supplemental Agreements Without Consent of Holders Without the consent of any Holders, the Company and the Agent, at any time and from time to time, may enter into one or more agreements supplemental hereto, in form satisfactory to the Company and the Agent, for any of the following purposes:

  • Amendments Requiring Consent of all Affected Noteholders No amendment to this Agreement may, without the consent of all affected Noteholders, (i) increase or reduce in any manner the amount of, or accelerate or delay the timing of, or change the allocation or priority of, Collections or distributions that are required to be made to the Secured Parties, (ii) change the terms on which the Servicer may exercise its option to purchase the Sold Property under Section 8.1, (iii) reduce the percentage of the Note Balance of the Notes required to consent to any amendment or (iv) change the Specified Reserve Balance.

  • Amendments Without Consent of Holders The Company and the Trustee may amend or supplement this Indenture or the Notes without notice to or the consent of any Noteholder:

  • Amendment with Consent of Holders With the consent of the Holders of not less than a majority of the outstanding Purchase Contracts voting together as one class, by Act of said Holders delivered to the Company, the Purchase Contract Agent or the Collateral Agent, as the case may be, the Company, the Purchase Contract Agent, the Collateral Agent, the Custodial Agent and the Securities Intermediary may amend this Agreement for the purpose of modifying in any manner the provisions of this Agreement or the rights of the Holders in respect of the Equity Units; provided, however, that no such supplemental agreement shall, without the consent of the Holder of each Outstanding Equity Unit adversely affected thereby,

  • Amendments or Supplements Without Consent of Holders In addition to any permitted amendment or supplement to the Indenture pursuant to Section 9.1 of the Original Indenture, the Company and the Trustee may amend or supplement the Indenture or the Notes without notice to or the consent of any Holder of the Notes:

  • Replacement of Lenders If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Borrower may replace such Lender in accordance with Section 10.13.

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