Common use of Exceptions to the General Rule Clause in Contracts

Exceptions to the General Rule. Notwithstanding the provisions of subsection (a) of this Section 11.3 and subject to subpart (iii) below, unanimous consent of the Lenders shall be required with respect to (i) any increase in the Commitment hereunder, (ii) the extension of maturity of the Loans, the payment date of interest or scheduled principal hereunder, or the payment date of commitment fees payable hereunder, (iii) any reduction in the stated rate of interest on the Loans (provided that the institution of the Default Rate and a subsequent removal of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.3), or in any amount of interest or scheduled principal due on any Loan, or the payment of commitment fees hereunder or any change in the manner of pro rata application of any payments made by Borrowers to the Lenders hereunder, (iv) any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (v) the release of any Borrower or Guarantor of Payment or of any material amount of collateral, except as specifically permitted hereunder, securing the Obligations, or (vi) any amendment to this Section 11.3 or Section 8.6 or 8.8 hereof.

Appears in 2 contracts

Samples: Credit Agreement (Core Molding Technologies Inc), Credit Agreement (Core Molding Technologies Inc)

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Exceptions to the General Rule. Notwithstanding Anything herein to the provisions of subsection (a) of this Section 11.3 and subject to subpart (iii) belowcontrary notwithstanding, unanimous consent of the Lenders shall be required with respect to (i) any increase in the Commitment hereunderhereunder (except as specified in Section 2.9(b) hereof), (ii) the extension of maturity of the Loans, the payment date of interest or scheduled principal hereunder, or the payment date of commitment fees payable hereunder, (iii) any reduction in the stated rate of interest on the Loans (provided that the institution of the Default Rate or post default interest and a subsequent removal of the Default Rate or post default interest shall not constitute a decrease in interest rate pursuant to this Section 11.3), or in any amount of interest or scheduled principal due on any Loan, or any reduction in the payment stated rate of commitment fees payable hereunder or any change in the manner of pro rata application of any payments made by Borrowers to the Lenders hereunder, (iv) any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (v) the release of any Borrower or Guarantor of Payment or of any material amount of collateral, securing the Secured Obligations, except as specifically permitted hereunder, securing the Obligations, or (vi) any amendment to this Section 11.3 or Section 8.6 9.5 or 8.8 9.8 hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Epiq Systems Inc)

Exceptions to the General Rule. Notwithstanding Anything herein to the provisions of subsection (a) of this Section 11.3 and subject to subpart (iii) belowcontrary notwithstanding, unanimous consent of the Lenders shall be required with respect to (i) any increase in the Commitment hereunderhereunder (except as specified in Section 2.9(b) hereof), (ii) the extension of maturity of the Loans, the payment date of interest or scheduled principal hereunderthereunder, or the payment date of commitment or other fees payable hereunder, (iii) any reduction in the stated rate of interest on the Loans (provided that the institution of the Default Rate and a subsequent removal of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.310.3), or in any amount of interest or scheduled principal due on any Loan, or the payment of commitment or other fees hereunder or any change in the manner of pro rata application of any payments made by Borrowers Borrower to the Lenders hereunder, (iv) any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (v) the release of any Borrower or Guarantor of Payment or of any material amount of collateralPledged Securities, except as specifically permitted hereunder, securing the Obligationshereunder or if such Person becomes an Immaterial Subsidiary, or (vi) any amendment to this Section 11.3 10.3 or Section 8.6 or 8.8 8.5 hereof.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Parametric Technology Corp)

Exceptions to the General Rule. Notwithstanding Anything herein to the provisions of subsection (a) of this Section 11.3 and subject to subpart (iii) belowcontrary notwithstanding, unanimous consent of the Lenders shall be required with respect to (i) any increase in the Commitment hereunderhereunder (except as specified in Section 2.9(b) hereof), (ii) the extension of maturity of the Loans, the payment date of interest or scheduled principal hereunderthereunder, or the payment date of commitment or other fees payable hereunder, (iii) any reduction in the stated rate of interest on the Loans (provided that the institution of the Default Rate and a subsequent removal of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.3), or in any amount of interest or scheduled principal due on any Loan, or any reduction in the payment stated rate of commitment fees payable hereunder or any change in the manner of pro rata application of any payments made by Borrowers to the Lenders hereunder, (iv) any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (v) the release of any Borrower or Guarantor of Payment or of any material amount of collateral, except as specifically permitted hereunder, securing the Secured Obligations, or (vi) any amendment to this Section 11.3 or Section 8.6 9.5 or 8.8 9.8 hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Epiq Systems Inc)

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Exceptions to the General Rule. Notwithstanding Anything herein to the provisions of subsection (a) of this Section 11.3 and subject to subpart (iii) belowcontrary notwithstanding, unanimous consent of the Lenders shall be required with respect to (i) any increase in the Commitment hereunderhereunder (except as specified in Section 2.10(b) hereof), (ii) the extension of maturity of the Loans, the payment date of interest or scheduled principal hereunderthereunder, or the payment date of commitment or other fees or amounts payable hereunder, (iii) any reduction in the stated rate of interest on the Loans (provided that the institution of the Default Rate and a subsequent removal of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.3), or in any amount of interest or scheduled principal due on any Loan, or the payment of commitment or other fees hereunder or any change in the manner of pro rata application of any payments made by Borrowers Borrower to the Lenders hereunder, (iv) any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (v) the release of any Borrower or Guarantor of Payment or of any material amount of collateralCollateral, except as specifically permitted hereunder, securing the Obligations, or (vi) any amendment to this Section 11.3 or Section 8.6 or 8.8 9.5 hereof.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Epiq Systems Inc)

Exceptions to the General Rule. Notwithstanding Anything herein to the provisions of subsection (a) of this Section 11.3 and subject to subpart (iii) belowcontrary notwithstanding, unanimous consent of the Lenders shall be required with respect to (i) any increase in the Commitment hereunder, (ii) the extension of maturity of the Loans, the payment date of interest or scheduled principal hereunderthereunder, or the payment date of commitment facility or other fees payable hereunder, (iii) any reduction in the stated rate basis of interest on the Loans (provided that the institution of the Default Rate and a subsequent removal of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.310.3), or in any amount of interest or scheduled principal due on any Loan, or the payment of commitment facility or other fees hereunder or any change in the manner of pro rata application of any payments made by Borrowers Borrower to the Lenders hereunder, (iv) any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (v) the release of any Borrower or Guarantor of Payment or of any material amount of collateral, except as specifically permitted hereunder, securing the Obligations, or (vi) any amendment to this Section 11.3 10.3 or Section 8.6 or 8.8 8.5 hereof.

Appears in 1 contract

Samples: Credit Agreement (Nautilus, Inc.)

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