Common use of Changes Relating to Indebtedness Clause in Contracts

Changes Relating to Indebtedness. Amend the terms of any Indebtedness (other than Indebtedness under this Agreement or the Note), if the effect of such amendment is to: (i) increase the interest rate on such Indebtedness or any premiums or penalties with respect thereto; (ii) change the dates upon which payments of principal or interest are due on such Indebtedness; (iii) change any default or event of default with respect to such Indebtedness; (iv) change the redemption, defeasance or prepayment provisions of such Indebtedness; (v) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); (vi) change the method of payment of interest thereon; or (vii) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower or Lender.

Appears in 6 contracts

Samples: Secured Convertible Credit Facility and Security Agreement (Reed John E), Secured Convertible Credit Facility and Security Agreement (Simione Central Holdings Inc), Secured Convertible Credit Facility (Carecentric Inc)

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Changes Relating to Indebtedness. Amend The Credit Parties shall not and shall not cause or permit their Subsidiaries to directly or indirectly change or amend the terms of any of its Indebtedness (other than Indebtedness under this Agreement or the Notepermitted by Section 3.1(c), (d), (g) or (h) if the effect of such amendment is to: (ia) increase the interest rate on such Indebtedness or any premiums or penalties with respect theretoIndebtedness; (iib) change the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (iiic) change any default or event of default or add or make more restrictive any covenant with respect to such Indebtedness; (ivd) change the redemption, defeasance redemption or prepayment provisions of such Indebtedness; (ve) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); (vi) change the method of payment of interest thereon; or (viif) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower any Credit Party or LenderLenders; or (g) increase the portion of interest payable in cash with respect to any Indebtedness for which interest is payable by the issuance of payment-in-kind notes or is permitted to accrue.

Appears in 2 contracts

Samples: Credit Agreement (Osullivan Industries Holdings Inc), Credit Agreement (Osullivan Industries Inc)

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Changes Relating to Indebtedness. Amend Borrower will not and will not permit any of its Restricted Subsidiaries directly or indirectly to change or amend the terms of any of its Indebtedness (other than Indebtedness under this Agreement or the Note), permitted by subsection 3.1 if the effect of such amendment is to: (ia) increase the interest rate on such Indebtedness or any premiums or penalties with respect theretoIndebtedness; (iib) change the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (iiic) change any default or event of default or add or make more restrictive any covenant with respect to such Indebtedness; (ivd) change the redemption, defeasance or prepayment provisions of such Indebtedness; (ve) change the subordination provisions thereof (or the subordination terms of any guaranty thereof); (vi) change the method of payment of interest thereon; or (viif) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower Borrower, any of its Restricted Subsidiaries or LenderLenders.

Appears in 1 contract

Samples: Credit Agreement (Portola Packaging Inc)

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