Common use of Debt Modifications Clause in Contracts

Debt Modifications. Amend, modify or supplement the Senior Notes or any Debt permitted pursuant to Section 7.03(j), in any way that causes such unsecured Debt to have (a) any scheduled amortization or mandatory prepayments or obligations to repurchase prior to six months after the Maturity Date or (b) any terms, covenants and provisions that are materially more restrictive on the Borrower and its Subsidiaries than this Agreement or provide materially greater enforcement rights than the enforcement rights of the Administrative Agent and the Lenders under this Agreement and the other Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (Texas Industries Inc), Credit Agreement (Texas Industries Inc), Credit Agreement (Texas Industries Inc)

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Debt Modifications. Amend, modify or supplement the Senior Notes or any Debt permitted pursuant to Section 7.03(j), in any way that causes such unsecured Debt to have (ai) any scheduled amortization or mandatory prepayments or obligations to repurchase prior to six months after the Maturity Date or (bii) any terms, covenants and provisions that are materially more restrictive on the Borrower and its Subsidiaries than this Agreement or provide materially greater enforcement rights than the enforcement rights of the Administrative Agent and the Lenders under this Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Assignment and Assumption (Texas Industries Inc), Term Credit Agreement (Texas Industries Inc)

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