Concerning Secured Credit Documents and Collateral Sample Clauses

Concerning Secured Credit Documents and Collateral. (a) The Secured Credit Documents of any Class may be Amended, in whole or in part, in accordance with their terms, in each case without notice to or the consent of the Collateral Agent or any Secured Parties of any other Class; provided that nothing in this paragraph shall affect any limitation on any such Amendment that is set forth in the Secured Credit Documents of any such other Class. (b) The Grantors agree that each Security Document (other than any Credit Agreement Document executed and delivered prior to the date hereof, without limitation of the applicability of this Agreement thereto) creating a Lien on any Shared Collateral securing any First Lien Obligations (i) shall contain a legend substantially in the form of Annex I, or similar provisions approved by the Credit Agreement Administrative Agent, which approval shall not be unreasonably withheld, and (ii) shall provide that all powers, rights and remedies under such Security Document with respect to Shared Collateral may be exercised solely by the Collateral Agent of the applicable Class on behalf of the Secured Parties of such Class in accordance with the terms thereof, and that no other Secured Party of the applicable Class shall have any right individually to realize upon any of the Liens on Shared Collateral granted thereunder to secure First Lien Obligations of such Class. (c) The Grantors agree that they shall not grant to any Person any Lien on any Shared Collateral securing First Lien Obligations of any Class other than through the Collateral Agent of such Class (it being understood that the foregoing shall not be deemed to prohibit grants of set-off rights to Secured Parties of any Class); provided that the foregoing shall not prohibit the granting of any Liens permitted by the terms of the Secured Credit Documents. (d) The Grantors agree that they shall not, and shall not permit any Subsidiary to, grant or permit or suffer to exist any additional Liens on any asset or property to secure any Class of First Lien Obligations unless it has granted a Lien on such asset or property to secure each other Class of First Lien Obligations; provided that the foregoing shall not prohibit (i) any class of First Lien Obligations from being secured by Equity Interests (as defined in the Credit Agreement) that do not secure any other class of First Lien Obligations due to the Rule 3-16 Exception (as defined in the Senior Secured Notes Collateral Agreement) or (ii) the granting of any Liens permitted ...

Concerning Secured Credit Documents and Collateral. The Secured Credit Documents of any Class may be Amended, in whole or in part, in accordance with their terms, in each case without notice to or the consent of the Collateral Agent or any Secured Parties of any other Class; provided that nothing in this paragraph shall affect any limitation on any such Amendment that is set forth in the Secured Credit Documents of any such other Class.

Concerning Secured Credit Documents and Collateral. (a) The Secured Credit Documents of any Class may be Amended, in whole or in part, in accordance with their terms, in each case without notice to or the consent of the Collateral Agent or any Secured Parties of any other Class; provided that nothing in this paragraph shall affect any limitation on any such Amendment that is set forth in the Secured Credit Documents of any such other Class. (b) The Grantors agree that they shall not grant to any Person any Lien on any Shared Collateral securing Equal Priority Obligations of any Class other than through the Collateral Agent of such Class (it being understood that the foregoing shall not be deemed to prohibit grants of set-off rights to Secured Parties of any Class). For the avoidance of doubt, nothing in this Section 7.01(b) shall limit the Grantors’ ability to grant Liens not prohibited under the Secured Credit Documents.

Concerning Secured Credit Documents and Collateral. (a) The MSD Agreement Documents may be amended, supplemented or otherwise modified in accordance with their terms and the MSD Agreement Indebtedness may be Refinanced subject to Section 6.02, in each case, without notice to, or the consent of, Great 1810980.01-NYCSR03A - MSW American; provided that any such amendment, supplement or modification or Refinancing is not inconsistent with the terms of this Agreement; provided, further, that any such amendment, supplement, modification or Refinancing shall not, without the consent of Great American (acting at the direction of the requisite holders of the Great American Agreement Indebtedness): (i) restrict the amendment of the Great American Agreement Documents, except as set forth in (A) Section 6.01(b) hereof and (B) the MSD Agreement as in effect on the date hereof; (ii) increase the “Interest Rate” by more than three percentage points (3%) per annum (excluding increases resulting from the imposition of interest at the default rate); (iii) increase the principal portion of the MSD Agreement Indebtedness in excess of the MSD Agreement Cap; (iv) modify (or have the effect of a modification of), the mandatory prepayment provisions of the MSD Agreement in a manner that makes them more restrictive to any Borrower; (v) permit assignments of the MSD Agreement Indebtedness to any Borrower, any of the Borrowers’ Affiliates or Subsidiaries, any natural Person or any holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person; or (vi) permit the final scheduled maturity date of the MSD Agreement Indebtedness to be prior to that of the Great American Agreement Indebtedness (vii) impose any restrictions on the ability of any Grantor to make payments in respect of the Great American Agreement Obligations except as any such restrictions are set forth in the MSD Agreement (including in Section 7.2 thereof) as in effect on the date hereof. (b) The Great American Agreement Documents may be amended, supplemented or otherwise modified in accordance with their terms in each case, without notice to, or the consent of, MSD; provided that any such amendment, supplement or modification is not inconsistent with the terms of this Agreement; provided, further, that any such amendment, supplement, modification or Refinancing shall not, without the consent of MSD: (i) restrict the amendment of the MSD Agreement Documents, except as set forth in Section 6.01(a) hereof or impose any r...