Common use of Changes Relating to Subordinated Debt Clause in Contracts

Changes Relating to Subordinated Debt. Change or amend the terms of ------------------------------------- the Subordinated Debt if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Indebtedness; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) 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 Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Hawker Pacific Aerospace)

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Changes Relating to Subordinated Debt. Change or amend the terms of the ------------------------------------- the Subordinated Debt if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Indebtedness; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) 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 of its Subsidiaries, or Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Right Start Inc /Ca)

Changes Relating to Subordinated Debt. Change or amend the terms of ------------------------------------- the Subordinated Debt if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Indebtedness; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) 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 a Borrower, any of its Subsidiaries, or Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Intensiva Healthcare Corp)

Changes Relating to Subordinated Debt. Change or amend the terms of ------------------------------------- the Subordinated Debt (including any guaranties thereof) if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Indebtedness; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment or amendment and modification provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) 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 Borrowers, any of their Subsidiaries, Agents or any Lender.

Appears in 1 contract

Samples: Loan Agreement (Recoton Corp)

Changes Relating to Subordinated Debt. Change or amend the terms ------------------------------------- of ------------------------------------- the Subordinated Debt if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Indebtedness; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) 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 of its Subsidiaries, Agent or any Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

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Changes Relating to Subordinated Debt. Change or amend the terms of ------------------------------------- the any Subordinated Debt (including guaranties thereof) if the effect of such amendment is an attempt to: (ai) increase the interest rate on such Indebtedness; (bii) change the dates upon which payments of principal or interest are due on such Indebtedness; (ciii) change any event of default or add any covenant with respect to such Indebtedness; (div) change the payment or amendment and modification provisions of such Indebtedness; (ev) change the subordination provisions thereof; or (fvi) 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 Lenderadverse to the Company, any of its Subsidiaries or the Purchasers.

Appears in 1 contract

Samples: Securities Purchase Agreement (Recoton Corp)

Changes Relating to Subordinated Debt. Change or amend the terms of ------------------------------------- the Subordinated Debt (including any guaranties thereof) if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Indebtedness; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment or amendment and modification provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) 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 Borrowers, any of their Subsidiaries, the Administrative Agent or any Lender.

Appears in 1 contract

Samples: Credit Agreement (Recoton Corp)

Changes Relating to Subordinated Debt. Change or amend the terms of ------------------------------------- the Subordinated Debt if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Indebtedness; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) 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 of its Subsidiaries, Agent or any Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

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