Common use of Change in Structure Clause in Contracts

Change in Structure. Except as expressly permitted under this Agreement, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents in any material respect or in any respect adverse to the Agent, the Second Lien Collateral Agent or Lenders.

Appears in 1 contract

Samples: Credit Agreement (CSAV Holding Corp.)

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Change in Structure. Except as expressly permitted under this AgreementSections 5.3 or 5.16(b), no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding structure, issue any Stock or Stock Equivalents), Equivalents or amend any of its Organization Documents in any material respect or and, in each case, in any respect adverse to the Agent, the Second Lien Collateral Agent or Lenders.

Appears in 1 contract

Samples: Credit Agreement (Igi Laboratories, Inc)

Change in Structure. Except as expressly permitted under this AgreementSection 5.3, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding structure, issue any Stock or Stock Equivalents), Equivalents or amend any of its Organization Documents in any material respect or and, in each case, in any respect adverse to the Agent, the Second Lien Collateral Agent or Lenders. No Credit Party shall amend its Organizational Documents to add provisions which require only director consent (and not shareholder consent) only to the transfer of such Credit Party’s Stock.

Appears in 1 contract

Samples: Credit Agreement (Solo Cup CO)

Change in Structure. Except as expressly permitted under this Agreementhereunder, no Credit Party shall, and no Credit Party (other than Parent) shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents in any material respect or in any respect materially adverse to the Agent, the Second Lien Collateral Agent (in its capacity as such) or LendersLenders (in their capacities as such).

Appears in 1 contract

Samples: Credit Agreement (Ignite Restaurant Group, Inc.)

Change in Structure. Except as expressly permitted under this AgreementSection 5.3, no Credit Party (other than Holdings) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents Documents, in any material respect or each case, in any respect materially adverse to the Agent, the Second Lien Collateral Agent or LendersLenders in their capacity as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged to Agent in accordance with Section 4.13.

Appears in 1 contract

Samples: Credit Agreement (WII Components, Inc.)

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Change in Structure. Except as expressly permitted under this AgreementSection 5.3 or solely with respect to Borrower in connection with an initial public offering of the Stock of the Borrower, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents in any material respect or in any respect adverse to the Agent, the Second Lien Collateral Agent or Lenders.

Appears in 1 contract

Samples: Credit Agreement (Banctec Inc)

Change in Structure. Except as expressly permitted under this AgreementSection 5.3, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding structure, issue any Stock or Stock Equivalents), Equivalents (other than Stock of Parent) or amend any of its Organization Documents in any material respect or and, in each case, in any respect adverse to the Agent, the Second Lien Collateral Agent or Lenders.

Appears in 1 contract

Samples: Credit Agreement (Tembec Industries Inc)

Change in Structure. Except as expressly permitted under this Agreement, no Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents in any material respect or in any respect adverse to the Agent, the Second Lien Collateral Agent or Lenders.

Appears in 1 contract

Samples: Credit Agreement (CSAV Holding Corp.)

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