Common use of Enforcement and Waiver by the Banks Clause in Contracts

Enforcement and Waiver by the Banks. The Majority Banks shall have the sole and exclusive right to administer, amend, or modify the Loan Documents, and are hereby empowered to act for the Banks with regard to the aggregate Commitments and the documentation thereof as if said Majority Banks were the sole lenders or extenders of credit under the Loan Documents; provided, however, that it shall take an affirmative vote of all Banks to: (i) increase any of the several Commitments; (ii) decrease any of the interest rates on the Loans; (iii) extend the Termination Date; (iv) approve prepayments of the Subordinated Indebtedness; (v) release any Guaranty; (vi) release all or substantially all of the Collateral; (vii) amend the definition of Majority Banks; and (viii) amend this Paragraph 10.

Enforcement and Waiver by the Banks. The Majority Banks shall have the sole and exclusive right to administer, amend, waive or modify the Loan Documents, and are hereby empowered to act for the Banks with regard to the aggregate Commitments and the documentation thereof as if said Majority Banks were the sole lenders or extenders of credit under the Loan Documentsthereof; provided, however, that it shall take an affirmative vote of all the Banks to: to (i) increase any of the several Commitments; (ii) decrease any of the interest rates on the LoansLoan; (iii) amend the payment dates for the Loans or extend the Loan Termination DateDate on the Loans; (iv) approve prepayments of the Subordinated Indebtedness; (v) release any Guaranty; (vi) release all or substantially all of the Collateral; (vii) amend the definition of Majority Banks; and (viiivi) amend Section 5.2(B) or this Paragraph 10Section 8.

Enforcement and Waiver by the Banks. The Majority Banks shall have the sole and exclusive right to administer, amend, or modify the Loan Documents, and are hereby empowered to act for the Banks with regard to the aggregate Commitments and the documentation thereof as if said Majority Banks were the sole lenders or extenders of credit under the Loan Documents; provided, however, that it shall take an affirmative vote of all Banks to: (i) increase any of the several Acquisition Loan Commitments or Working Capital Commitments; (ii) decrease any of the interest rates on the Loans; (iii) extend the Acquisition Loan Termination Date or the Working Capital Loan Termination Date; (iv) approve prepayments of the Subordinated Indebtedness; (v) release any Guaranty; (vi) release all or substantially all of the Collateral; (vii) amend the definition of Majority Banks; and (viiivi) amend this Paragraph 109.

Enforcement and Waiver by the Banks. The Majority Banks shall have the sole and exclusive right to administer, amend, waive or modify the Loan Documents, and are hereby empowered to act for the Banks with regard to the aggregate Commitments and the documentation thereof as if said Majority Banks were the sole lenders or extenders of credit under the Loan Documentsthereof; provided, however, that it shall take an affirmative vote of all the Banks to: to (i) increase any of the several Commitments; (ii) decrease any of the interest rates on the LoansLoan; (iii) amend the payment dates for the Loans or extend the Loan Termination DateDate on the Loans; (iv) approve prepayments of the Subordinated Indebtedness; (v) release any Guaranty; (vi) release all or substantially all of the Collateral; (vii) amend the definition of Majority Banks; and (viiivi) amend Paragraph 5.2(B) or this Paragraph 108.