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

Changes Relating to Subordinated Debt; Material Contracts. No Credit Party shall or shall allow any of their 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: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) 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; (d) 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; (e) grant any security or collateral to secure payment of such Subordinated Debt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender.

Changes Relating to Subordinated Debt; Material Contracts. No Credit Party shall or shall allow any of their 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: (ai) increase the interest rate on on, or fees in respect of, such Subordinated Debt; (bii) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (ciii) change any covenant, default or event of default other than to delete or make less restrictive any covenant, default or event of default provision therein, or add any covenant covenant, default or event of default with respect to such Subordinated Debt; (div) 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; (ev) grant any security or collateral to secure payment of such Subordinated Debt; (vi) change any subordination or intercreditor provisions of such Subordinated Debt; (vii) change any provisions providing that payments of interest, principal or other obligations in respect of such Subordinated Debt may not be made in cash or must be paid in a form other than cash; or (fviii) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall or shall allow any of their 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: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) 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; (d) 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; (e) grant any security or collateral to secure payment of such Subordinated Debt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender. (b) No Credit Party shall change or amend the terms of any First Lien Credit Agreement (or any agreement in connection therewith) except to the extent permitted under the Intercreditor Agreement. (c) No Credit Party shall change or amend the terms of the Acquisition Agreement (or any agreement or contract executed or delivered in connection therewith) or the Centre Partners Settlement Documents.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall or shall allow any of their Subsidiaries to change or amend the terms of any Subordinated Debt (other than the Parent Subordinated Debt) (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) 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; (d) 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; (e) grant any security or collateral to secure payment of such Subordinated Debt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender. (b) Without the prior written consent of Agent, no Credit Party shall change or amend the terms of (i) the Parent Subordinated Debt Documents in a manner prohibited by the Parent Subordination Agreement or (ii) the Distribution Agreement.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall or shall allow any of their 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: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) 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; (d) 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; (e) grant any security or collateral to secure payment of such Subordinated Debt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender. (b) No Credit Party shall change or amend, in any manner materially adverse to such Credit Party, the terms of any Material Contract without the consent of the Agent.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall or shall allow any of their 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: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) 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; (d) 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; (e) grant any security or collateral to secure payment of such Subordinated Debt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender. (b) No Credit Party shall change or amend the terms of any of the Revolving Credit Loan Documents without Agent’s prior written consent.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall or shall allow any of their 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: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) 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; (d) 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; (e) except as otherwise provided in the last sentence of Section 6.3, grant any security or collateral to secure payment of such Subordinated Debt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender. (b) No Credit Party shall change or amend the terms of any of purchase or sale agreement involving the acquisition or disposition of any business of such Credit Party relating to indemnity provisions or deferred purchase payments.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall or shall allow any of their 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: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) 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; (d) 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; (e) except as otherwise provided in the last sentence of Section 6.3, grant any security or collateral to secure payment of such Subordinated Debt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender. (b) No Credit Party shall change or amend the terms of any of . No Credit Party shall change or amend the terms of any purchase or sale agreement involving the acquisition or disposition of any business of such Credit Party (other than a Permitted Acquisition) relating to indemnity provisions or deferred purchase payments.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall or shall allow any of their 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: (a) increase the interest rate on such Subordinated Debt; , (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; , (c) 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; , (d) 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; , (e) grant any security or collateral to secure payment of such Subordinated Debt; , or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender. (b) No Credit Party shall change or amend the terms of any of the following material contracts: (i) the Subordinated Note Documents, (ii) any documents relating to the Permitted Subordinated Debt, (iii) the Stock Redemption Documents, and (iv) any Service Agreement; provided, however, that any amendments to any Service Agreement which is not materially adverse to such Credit Party shall not be deemed a violation of this Section 6.19.

Changes Relating to Subordinated Debt; Material Contracts. (a) No Credit Party shall or shall allow any of their 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: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) 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; (d) 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; (e) grant any security or collateral to secure payment of such Subordinated Debt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of 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 Credit Party, Subsidiary, Agent or any Lender. (b) No Credit Party shall change or amend the terms of any contract or agreement to which such Credit Party is a party involving aggregate consideration payable to or by such Credit Party of $200,000 or more (other than purchase orders in the ordinary course of the business of such Credit Party and other than contracts that by their terms may be terminated by such Credit Party in the ordinary course of its business upon less than 60 days notice without penalty or premium). (c) No Credit Party shall change, amend, supplement, alter, add to or modify any provision of the Revolver Credit Agreement or any other Revolver Documents (i) so as to make any such agreement more onerous or more restrictive to Credit Parties than they are as of the Closing Date or (ii) if the effect thereof would be materially adverse to Credit Parties or any of them.