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, no amendment, modification, waiver or consent shall (i) extend or increase the Commitment of any Lender without the written consent of such Lender, (ii) extend the date scheduled for payment of any principal (excluding mandatory prepayments) of or interest on the Loans or commitment fees payable hereunder without the written consent of each Lender directly affected thereby, (iii) reduce the principal amount of any Loan, the stated rate of interest thereon (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 the stated rate of commitment fees payable hereunder, without the consent of each Lender directly affected thereby, (iv) change the manner of pro rata application of any payments made by Borrower to the Lenders hereunder, without the consent of each Lender directly affected thereby, (v) without the unanimous consent of the Lenders, change any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (vi) without the unanimous consent of the Lenders, release Borrower or any Guarantor of Payment or of any collateral in excess of Five Million Dollars ($5,000,000) securing the Secured Obligations, except in connection with a transaction specifically permitted hereunder, or (vii) without the unanimous consent of the Lenders, amend this Section 11.3 or Section 9.5 hereof.

Appears in 2 contracts

Samples: Credit and Security Agreement (Shiloh Industries Inc), Credit and Security Agreement (Shiloh Industries Inc)

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Exceptions to the General Rule. Notwithstanding the provisions of subsection (a) of this Section 11.3, no amendmentbut subject to the provisions of Section 2.9(b) and (c) hereof, modification, waiver or unanimous consent of the Lenders shall be required with respect to (i) extend or any increase in the Commitment of any Lender without the written consent of such Lenderhereunder (except as specified in Section 2.9(b) and (c) hereof), (ii) extend the extension of maturity of the Loans, the payment date of interest or scheduled for principal hereunder, or the payment date of any principal (excluding mandatory prepayments) of or interest on the Loans or commitment fees payable hereunder without the written consent of each Lender directly affected therebyhereunder, (iii) reduce the principal amount of any Loan, reduction in the stated rate of interest thereon 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 stated rate of commitment fees payable hereunder, without the consent of each Lender directly affected thereby, (iv) hereunder or any change in the manner of pro rata application of any payments made by Borrower Borrowers to the Lenders hereunder, without the consent of each Lender directly affected thereby, (viv) without the unanimous consent of the Lenders, any change in any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, (viv) without the unanimous consent release of the Lenders, release any Borrower or any Guarantor of Payment or of any collateral in excess material amount of Five Million Dollars ($5,000,000) collateral, securing the Secured Obligations, except in connection with a transaction as specifically permitted hereunder, or (viivi) without the unanimous consent of the Lenders, amend any amendment to this Section 11.3 or Section 9.5 or 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 11.3contrary notwithstanding, no amendment, modification, waiver or consent shall (i) extend or increase the Commitment of any Lender without the written consent of such Lender, (ii) extend the date scheduled for payment of any principal (excluding mandatory prepayments) of or interest on the Loans or commitment any fees payable hereunder without the written consent of each Lender directly affected thereby, (iii) reduce the principal amount of any Loan, the stated rate of interest thereon (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 the stated rate of commitment any fees payable hereunder, without the consent of each Lender directly affected therebythereby (except for periodic adjustments of interest rates and fees resulting from a change in the Applicable Margin as provided for in this Agreement), (iv) change the manner except pursuant to Section 9.8 hereof, release any party from its obligations under any Guaranty of pro rata application of any payments made by Borrower to the Lenders hereunderPayment or Pledge Agreement, without the consent of each Lender directly affected thereby, or (v) without the unanimous consent of the Lenders, change any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, or amend this Section 10.3 or Section 8.5 hereof. Furthermore, anything herein to the contrary notwithstanding, (viA) no provision of this Agreement affecting Agent in its capacity as such shall be amended, modified or waived without the unanimous consent of Agent; (B) no provision of this Agreement relating to the rights or duties of the Fronting Lender in its capacity as such shall be amended, modified or waived without the consent of the LendersFronting Lender; and (C) no provision of this Agreement relating to the rights or duties of the Swing Line Lender in its capacity as such shall be amended, release Borrower modified or any Guarantor of Payment or of any collateral in excess of Five Million Dollars ($5,000,000) securing the Secured Obligations, except in connection with a transaction specifically permitted hereunder, or (vii) waived without the unanimous consent of the Lenders, amend this Section 11.3 or Section 9.5 hereofSwing Line Lender.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Agilysys Inc)

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