Common use of Consents under Other Basic Documents Clause in Contracts

Consents under Other Basic Documents. Except as otherwise provided in Section 12.04 hereof with respect to this Agreement, the Administrative Agent may, with the prior consent of the Majority Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Basic Documents or any Affiliate Subordination Agreement, provided that, without the prior consent of all of the Lenders, the Administrative Agent shall not (except as provided herein or in the Pledge Agreements): (i) release any collateral or otherwise terminate any Lien under any Basic Document providing for collateral security, or agree to additional obligations being secured by such collateral security (unless the Lien for such additional obligations shall be junior to the Lien in favor of the other obligations secured by such Basic Document), except that no such consent shall be required, and the Credit Agreement Administrative Agent is hereby authorized, to release any Lien covering Property that is the subject of a disposition of Property permitted hereunder or to which the Majority Lenders have consented, (ii) release any Obligor from its obligations under any of the Basic Documents to which it is a party and (iii) release any Subsidiary Guarantor from its obligations under Section 6 hereof.

Appears in 1 contract

Samples: Credit Agreement (Rutherford-Moran Oil Corp)

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Consents under Other Basic Documents. Except as otherwise provided in Section 12.04 hereof with respect to this Agreement, the Administrative Agent may, with the prior consent of the Majority Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Basic Documents or any Affiliate Subordination AgreementDocuments, provided that, without the prior consent of all of the Lenderseach Lender, the Administrative Agent shall not (except as provided herein or in the Pledge Agreements): (iSecurity Documents) release any collateral or otherwise terminate any Lien under any Basic Document providing for collateral security, or agree to additional obligations being secured by such collateral security (unless the Lien for such additional obligations shall be junior to the Lien in favor of the other obligations secured by such Basic Document)security, except that no such consent shall be required, and the Credit Agreement Administrative Agent is hereby authorized, to release any Lien covering (i) Property that is the subject of a disposition of Property permitted hereunder or to which the Majority Lenders have consented, (ii) release any Obligor from its obligations under any of Receivables to the Basic Documents to which it is a party extent such Receivables secure other Indebtedness expressly permitted by the Majority Revolving Credit Lenders, Majority Tranche A Term Loan Lenders and (iii) release any Subsidiary Guarantor from its obligations under Section 6 hereofMajority Tranche B Term Loan Lenders.

Appears in 1 contract

Samples: Credit Agreement (United Stationers Supply Co)

Consents under Other Basic Documents. Except as otherwise provided in Section 12.04 hereof with respect to this Agreement, the Administrative Agent may, with the prior consent of the Majority Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Basic Documents or any Affiliate Subordination Agreement, provided that, without the prior consent of all of the Lenders, the Administrative Agent shall not (except as provided herein or in the Pledge Agreements): (i) release any collateral or otherwise terminate any Lien under any Basic Document providing for collateral security, or agree to additional obligations being secured by such Credit Agreement collateral security (unless the Lien for such additional obligations shall be junior to the Lien in favor of the other obligations secured by such Basic Document), except that no such consent shall be required, and the Credit Agreement Administrative Agent is hereby authorized, to release any Lien covering Property that is the subject of a disposition of Property permitted hereunder or to which the Majority Lenders have consented, (ii) release any Obligor from its obligations under any of the Basic Documents to which it is a party and (iii) release any Subsidiary Guarantor from its obligations under Section 6 hereof.

Appears in 1 contract

Samples: Credit Agreement (Thai Romo LTD)

Consents under Other Basic Documents. Except as otherwise provided in Section 12.04 hereof with respect to this Agreement, the Administrative Agent may, with the prior consent of the Majority Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Basic Documents or any Affiliate Subordination Agreement, provided that, without the prior consent of all of the Lenders, the Administrative Agent shall not (except as provided herein or in the Pledge Agreements): (i) release any collateral or otherwise terminate any Lien under any Basic Document providing for collateral security, or agree to additional obligations being secured by such collateral security (unless the Lien for such additional obligations shall be junior to the Lien in favor of the other obligations secured by such Basic Document), except that no such consent shall be required, and the Credit Agreement Administrative Agent is hereby authorized, to release any Lien covering Property that is the subject of a disposition of Property permitted hereunder or to which the Majority Lenders have consented, (ii) release any Obligor from its obligations under any of the Basic Documents to which it is a party and (iii) release any Subsidiary Guarantor from its obligations under Section 6 hereof.

Appears in 1 contract

Samples: Credit Agreement (Rutherford-Moran Oil Corp)

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Consents under Other Basic Documents. Except as otherwise provided in Section 12.04 hereof with respect to this Agreement, the Administrative Agent may, with the prior consent of the Majority Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Basic Documents or any Affiliate Subordination AgreementDocuments, provided that, without the prior consent of all of the Lenderseach Lender, the Administrative Agent shall not (except as provided herein or in the Pledge Agreements): (iSecurity Documents, and without limiting the right of the Majority Lenders to modify the provisions of Section 9.05 hereof) release any collateral Collateral or otherwise terminate any Lien under any Basic Document providing for collateral security, or agree to additional obligations being secured by such collateral security (unless the Lien for such additional obligations shall be junior to the Lien in favor of the other obligations secured by such Basic Document), except that no such consent shall be required, and the Credit Agreement Administrative Agent is hereby authorized, to release any Lien covering Property that is the subject of a disposition of Property permitted hereunder or to which the Majority Lenders have consented, (ii) release any Obligor from its obligations under any of the Basic Documents to which it is a party and (iii) release any Subsidiary Guarantor from its obligations under Section 6 hereof.

Appears in 1 contract

Samples: Credit Agreement (Clientlogic Corp)

Consents under Other Basic Documents. Except as otherwise provided in Section 12.04 hereof with respect to this Agreement, the Administrative Agent may, with the prior consent of the Majority Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Basic Documents or any Affiliate Subordination AgreementDocuments, provided that, without the prior consent of all of the Lenderseach Lender, the Administrative Agent shall not (except as provided herein or in without limiting the Pledge Agreements): (iright of the Majority Lenders to modify the provisions of Section 9.05 hereof) release any collateral or otherwise terminate any Lien under any Basic Document providing for collateral security, or agree to additional obligations being secured by such collateral security (unless the Lien for such additional obligations shall be junior to the Lien in favor of the other obligations secured by such Basic Document), except that no such consent shall be required, and the Credit Agreement Administrative Agent is hereby authorized, to release any Lien covering Property that is the subject of a disposition of Property permitted hereunder or to which the Majority Lenders have consented, (ii) release any Obligor from its obligations under any of the Basic Documents to which it is a party and (iii) release any Subsidiary Guarantor from its obligations under Section 6 hereof.. 51

Appears in 1 contract

Samples: Credit Agreement (Clientlogic Corp)

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