Common use of Certain Amendments to Credit Agreement Clause in Contracts

Certain Amendments to Credit Agreement. Notwithstanding any provision to the contrary in the Credit Agreement, no amendment or waiver of any encumbrance or restriction in the Credit Agreement on the ability of the Borrower, Holdings or any Subsidiary Loan Party to: (i) pay dividends or make any other distributions permitted by applicable law on any Equity Interest of the Borrower, Holdings or any Subsidiary Loan Party; (ii) pay any Indebtedness owed to the Parent or any subsidiary of the Parent; (iii) make loans or advances to the Parent or any subsidiary of the Parent; or (iv) transfer any of its property or assets to the Parent or any subsidiary of the Parent, shall be effective unless the Required Committed Credit Facility Parties under each Credit Facility shall have consented to such amendment or waiver.

Appears in 3 contracts

Samples: Credit Agreement (Leap Wireless International Inc), Credit Agreement (Leap Wireless International Inc), Credit Agreement (Leap Wireless International Inc)

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Certain Amendments to Credit Agreement. Notwithstanding -------------------------------------- any provision to the contrary in the Credit Agreement, no amendment or waiver of any encumbrance or restriction in the Credit Agreement on the ability of the Borrower, Holdings or any Subsidiary Loan Party to: (i) pay dividends or make any other distributions permitted by applicable law on any Equity Interest of the Borrower, Holdings or any Subsidiary Loan Party; (ii) pay any Indebtedness owed to the Parent or any subsidiary of the Parent; (iii) make loans or advances to the Parent or any subsidiary of the Parent; or (iv) transfer any of its property or assets to the Parent or any subsidiary of the Parent, shall be effective unless the Required Committed Credit Facility Parties under each Credit Facility shall have consented to such amendment or waiver.

Appears in 1 contract

Samples: Credit Agreement (Leap Wireless International Inc)

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