Common use of Consents under Other Loan Documents Clause in Contracts

Consents under Other Loan Documents. Except as otherwise provided in SECTION 8.2 hereof with respect to this Agreement, the Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the other Loan Documents or the Standby Purchase Agreement, provided that without the prior written consent of each Lender, the Agent shall not (except as provided herein or in the other Loan Documents) terminate any Loan Document, release either State Auto Obligor from its liability under the Put Agreement, release any collateral or otherwise terminate any Lien under any Loan Document providing for collateral security, agree to additional obligations being secured by such collateral security (unless the Lien for such additional obligation shall be junior to the Lien in favor of the other obligations secured by such Loan Document) or modify, supplement or waive any provision in Section 3 of the Standby Purchase Agreement.

Appears in 2 contracts

Samples: Credit Agreement (State Auto Financial Corp), Credit Agreement (State Auto Financial Corp)

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Consents under Other Loan Documents. Except as otherwise provided in SECTION Section 8.2 hereof with respect to this Agreement, the Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the other Loan Documents or the Standby Purchase Agreement, provided that without the prior written consent of each Lender, the Agent shall not (except as provided herein or in the other Loan Documents) terminate any Loan Document, release either State Auto Obligor from its liability under the Put Agreement, release any collateral or otherwise terminate any Lien under any Loan Document providing for collateral security, agree to additional obligations being secured by such collateral security (unless the Lien for such additional obligation shall be junior to the Lien in favor of the other obligations secured by such Loan Document) or modify, supplement or waive any provision in Section 3 of the Standby Purchase Agreement.

Appears in 2 contracts

Samples: Credit Agreement (State Auto Financial Corp), Assignment Agreement (State Auto Financial Corp)

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