Changes to Certain Agreements Clause Samples
Changes to Certain Agreements. Without the prior written consent of the Required Lenders, no Credit Party shall make any amendment, supplement or modification to any agreements evidencing Subordinated Debt; provided, however, that any such amendment which conforms with applicable law in all material respects and is not materially adverse to the interests of the Lenders as Lenders under the Loan Documents shall be permitted without any consent. Copies of such amended agreements shall be delivered promptly to the Agent by the Borrower.
Changes to Certain Agreements. No Loan Party shall, nor shall it permit any of its Subsidiaries to, agree to any material amendment, restatement, supplement or other modification to, or waiver of, any of its material rights under either the EIB Loan Facility or the Eastward Facility after the Closing Date without in each case obtaining the prior written consent of the Required Lenders to such amendment, restatement, supplement or other modification or waiver. No Loan Party shall amend or permit any amendments (a) to the Designated SPAC Agreement or any schedules, exhibits, agreements or other documents related to the Designated SPAC in a manner that could reasonably be expected to be materially adverse to Agent or the Lenders in their role as such or (b) any Loan Party’s Organizational Documents in a manner that could reasonably be expected to be materially adverse to Agent or the Lenders, including, without limitation, any amendment, modification or change to any of Loan Party’s Organizational Documents to effect a division or plan of division pursuant to Section 18-217 of the Delaware Limited Liability Company Act (or any similar statute or provision under applicable law).
Changes to Certain Agreements. OSG shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, without the prior written consent of the Agent and the Majority Lenders, amend, modify, cancel or terminate or permit the amendment, modification, cancellation or termination (other than at its stated maturity) of (a) any of the Material Contracts if the effect thereof would or reasonably could be expected to have a Material Adverse Effect, (b) the Management Agreement or the HVP Agreement if the effect thereof will increase any amounts payable thereunder or change the time at which such amounts are to be paid; or (c) any Mandatory Redeemable Obligation if the effect thereof is to accelerate any required or permitted redemption or repurchase or to add any additional events requiring such redemption or repurchase.