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Common use of Debentures Clause in Contracts

Debentures. Except as expressly permitted in writing by the Majority Lenders, the Borrowers will not amend, modify or obtain or grant a waiver of any provision of the Debentures or the Debenture Indenture with respect to the Debentures if such amendment, modification or waiver would be adverse to the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Evi Inc), Credit Agreement (Evi Weatherford Inc)

Debentures. Except as expressly permitted in writing by the Majority Lenders, the Borrowers no Obligor will not amend, modify or obtain or grant a waiver of any provision of the Debentures or the Debenture Indenture with respect to the Debentures if such amendment, modification or waiver would be adverse to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Weatherford International LTD)

Debentures. Except as expressly permitted in writing by the Majority Lenders, the Borrowers will not amend, modify or obtain or grant a waiver of any provision of the Debentures October 1997 Debentures, the October 1997 Debenture Indenture, the May 1996 Debentures, or the May 1996 Debenture Indenture with respect to the Debentures if such amendment, modification or waiver would be adverse to the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Weatherford International Inc /New/)