Common use of Changes Relating to Subordinated Debt; Material Contracts Clause in Contracts

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, 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: (i) increase the interest rate on such Subordinated Debt, (ii) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates, (iii) 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, (iv) 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, (v) grant any security or collateral to secure payment of such Subordinated Debt, (vi) change the terms of the subordination of such Subordinated Debt or (vii) change or amend any other term if such change or amendment would materially increase the obligations of such Person thereunder or confer additional material rights on the holder of such Subordinated Debt in a manner adverse to any such Person, Administrative Agent or any Lender.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, change or amend the terms of any Subordinated Debt (or any indenture or agreement in connection therewith) (other than, with respect to the Junior Secured Facility, as permitted under the Term B Subordination Agreement) if the effect of such amendment is to: (ia) increase the interest rate on such Subordinated Debt, ; (iib) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates, ; (iiic) 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, ; (ivd) 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, ; (ve) grant any security or collateral to secure payment of such Subordinated Debt, (vi) change the terms of the subordination of such Subordinated Debt ; or (viif) change or amend any other term if such change or amendment would materially increase the obligations of such Person the Credit Party thereunder or confer additional material rights on the holder of such Subordinated Debt in a manner adverse to any such PersonCredit Party, Administrative Agent or any Lender.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, change or amend the terms of any Subordinated Debt (or any indenture or agreement other agreement, instrument or document in connection therewith) if the effect of such amendment is to: (ia) increase the interest rate on such Subordinated Debt, ; (iib) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates, ; (iiic) 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, ; (ivd) 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, ; (ve) grant any security or collateral to secure payment of such Subordinated Debt, (vi) change the terms of the subordination of such Subordinated Debt ; or (viif) change or amend any other term if such change or amendment would materially increase the obligations of such Person the Credit Party thereunder or confer additional material rights on the holder of such Subordinated Debt in a manner adverse to any such PersonCredit Party, Administrative Agent or any Lender; provided, however, that, notwithstanding the foregoing, following the Closing Date WESCO Distribution or Holdings may issue up to an additional $100,000,000 in principal amount of unsecured Indebtedness, provided, that such issuance is in compliance with the terms of Section 6.3(a)(xvi), Section 1.3(b) and the other provisions of this Agreement.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall, nor or shall it permit any Subsidiary of its Subsidiaries any Credit Party to, 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: (i) increase the interest rate on such Subordinated Debt, ; (ii) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates, ; (iii) 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, ; (iv) 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, ; (v) grant any security or collateral to secure payment of such Subordinated Debt, ; (vi) change or amend any subordination terms with respect thereto, including, without limitation, with respect to the terms of the subordination of such Existing Subordinated Debt Notes Indenture, Article 10 and Section 11.02 thereof; or (vii) change or amend any other term if such change or amendment would materially increase the obligations of the Credit Party or any such Person Subsidiary thereunder or confer additional material rights on the holder of such Subordinated Debt in a manner adverse to any such PersonCredit Party, Administrative Agent or any Lender.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall, nor shall it permit or shall allow any of its their Subsidiaries to, to 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: (ia) increase the interest rate on such Subordinated Debt, ; (iib) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates, ; (iiic) 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, ; (ivd) 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, ; (ve) grant any security or collateral to secure payment of such Subordinated Debt, (vi) change the terms of the subordination of such Subordinated Debt ; or (viif) change or amend any other term if such change or amendment would materially increase the obligations of such Person the Credit Party or their Subsidiaries thereunder or confer additional material rights on the holder of such Subordinated Debt in a manner adverse to any such PersonCredit Party, Administrative Subsidiary, Agent or any Lender.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, change or amend the terms of any Subordinated Debt (or any indenture or agreement other agreement, instrument or document in connection therewith) ), including, without limitation, any of the Subordinated Notes, if the effect of such amendment is to: (ia) increase the interest rate on such Subordinated Debt, ; (iib) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates, ; (iiic) 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, ; (ivd) 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, ; (ve) grant any security or collateral to secure payment of such Subordinated Debt, (vi) change the terms of the subordination of such Subordinated Debt ; or (viif) change or amend any other term if such change or amendment would materially increase the obligations of such Person the Credit Party thereunder or confer additional material rights on the holder of such Subordinated Debt in a manner adverse to any such PersonCredit Party, Administrative Agent or any Lender; provided, however, that, notwithstanding the foregoing, following the Closing Date WESCO Distribution or Holdings may issue up to an additional $100,000,000 in principal amount of unsecured Indebtedness, provided, that such issuance is in compliance with the terms of Section 6.3(a)(xvi), Section 1.3(b) and the other provisions of this Agreement.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall, nor shall it permit any of its Subsidiaries to, change or amend the terms of any Subordinated Debt (or any indenture or agreement in connection therewith) (other than, with respect to the Permitted Term B Loan Facility, as permitted under the Term B Subordination Agreement) if the effect of such amendment is to: (ia) increase the interest rate on such Subordinated Debt, ; (iib) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates, ; (iiic) 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, ; (ivd) 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, ; (ve) grant any security or collateral to secure payment of such Subordinated Debt, (vi) change the terms of the subordination of such Subordinated Debt ; or (viif) change or amend any other term if such change or amendment would materially increase the obligations of such Person the Credit Party thereunder or confer additional material rights on the holder of such Subordinated Debt in a manner adverse to any such PersonCredit Party, Administrative Agent or any Lender.