Common use of Changes to rights Clause in Contracts

Changes to rights. No Chargor must take or (so far as is within its control) allow the taking of any action on its behalf which results either (a) in the rights attaching to any Investments being altered in a way which could reasonably be expected to materially and adversely affect the interests of the Secured Parties; or (b) further shares being issued save where such shares will be subject to security in favour of the Collateral Agent on substantially the same terms as set out herein unless otherwise permitted by the Credit Agreement.

Appears in 2 contracts

Samples: Security Agreement (Gates Global Inc.), Security Agreement (St. Augustine Real Estate Holding LLC)

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Changes to rights. No Chargor must take or (so far as is within its control) allow the taking of any action on its behalf which results either (a) in the rights attaching to any Investments being altered in a way which could reasonably be expected to materially and adversely affect the interests of the Secured Parties; or (b) further shares being issued save where such shares will be subject to security in favour of the Collateral Agent on substantially the same terms as set out herein unless otherwise permitted by the Credit AgreementIndenture.

Appears in 2 contracts

Samples: Security Agreement (Gates Global Inc.), Security Agreement (Gates Engineering & Services FZCO)

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