Common use of Changes Related to Subordinated Debt Clause in Contracts

Changes Related to Subordinated Debt. Borrower shall not change or amend the terms of any Subordinated Debt (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (1) increase the interest rate on such Subordinated Debt; (2) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (3) change any default or event of default other than to delete or make less restrictive any default provision therein, or add any covenant with respect to such Subordinated Debt; (4) change the redemption or prepayment provisions of such Subordinated Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (5) grant any security or collateral to secure payment of such Subordinated Debt; or (6) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights to the holder of such Subordinated Debt in a manner adverse to Borrower or Lender.

Changes Related to Subordinated Debt. Borrower No Credit Party shall not change or amend the terms of any Subordinated Debt (including, without limitation, Subordinated Debt incurred pursuant to Section 8.10) or any indenture or agreement executed in connection therewith) therewith if the effect of such amendment is to: (1a) increase the interest rate on such Subordinated Debt; (2b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (3c) change any default or event of default other than to delete or make less restrictive any default provision therein, or add any covenant with respect to such Subordinated Debt; (4d) change the redemption or prepayment provisions of such Subordinated Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (5e) grant any security or collateral to secure payment of such Subordinated Debt; or (6f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights to of the holder of such Subordinated Debt in a manner adverse to Borrower any Credit Party, Administrative Agent or any Lender.

Changes Related to Subordinated Debt. Borrower No Credit Party shall not change or amend the terms of any Subordinated Debt (including, without limitation, Subordinated Debt incurred pursuant to Section 8.10) or any indenture or agreement executed in connection therewith) therewith if the effect of such amendment is to: (1a) increase the interest rate on such Subordinated Debt; (2b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (3c) change any default or event of default other than to delete or make less restrictive any default provision therein, or add any covenant with respect to such Subordinated Debt; (4d) change the redemption or prepayment provisions of such Subordinated Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (5e) grant any additional security or collateral to secure payment of such Subordinated Debt; or (6f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights to of the holder of such Subordinated Debt in a manner adverse to Borrower any Credit Party, Administrative Agent or any Lender.