Lender Consent. Without the written consent of each Lender to the extent affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would: (1) extend the scheduled final maturity of any Loan or Note; (2) waive, reduce or postpone any scheduled repayment; (3) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.5) or any fee payable hereunder; (4) extend the time for payment of any such interest or fees; (5) reduce the principal amount of any Loan; (6) (A) amend the definition of “Borrowing Base,” or “Maximum Committed Amount” in a manner that increases the Commitment Availability to the Borrower or (B) amend, modify, terminate or waive any provision of Sections 9.5(a), 9.5(b) or 9.5(c); (7) release all or substantially all of the Collateral, except as expressly provided in the Credit Documents; (8) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under any Credit Document; (9) increase the Revolving Commitment of any Lender; or (10) amend, modify, terminate or waive any provision of Section 3.2(a) with regard to any Credit Extension (for the avoidance of doubt, the consent of each Lender shall be required in connection with such action);
Appears in 5 contracts
Samples: Revolving Credit Agreement (OppFi Inc.), Revolving Credit Agreement (OppFi Inc.), Revolving Credit Agreement (OppFi Inc.)
Lender Consent. Without the written consent of each Lender to the extent affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would:
(1) extend the scheduled final maturity of any Loan or Note;
(2) waive, reduce or postpone any scheduled repayment;
(3) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.5) or any fee payable hereunder;
(4) extend the time for payment of any such interest or fees;
(5) reduce the principal amount of any Loan;
(6) (A) amend the definition of “"Borrowing Base,” " "Maximum Advance Amount" or “"Maximum Committed Amount” " in a manner that increases the Commitment Availability to the Borrower Borrower, (B) amend Appendix C, Appendix D, Appendix E-1, or Appendix E-2 (including any definitions contained therein), or (BC) amend, modify, terminate or waive any provision of Sections 7.1, 9.5(a), 9.5(b) or 9.5(c9.5(b);
(7) release all or substantially all of the Collateral, except as expressly provided in the Credit Documents;; LEGAL 4873-0998-8490v4881-9719-6460v.143
(8) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under any Credit Document;
(9) increase the Revolving Commitment of any Lender; or
(10) amend, modify, terminate or waive any provision of Section 3.2(a) with regard to any Credit Extension (for the avoidance of doubt, the consent of each Lender shall be required in connection with such action);
Appears in 1 contract
Lender Consent. Without the written consent of each Lender to the extent that would be affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would:
(1) extend the scheduled final maturity of any Loan or Note;
(2) waive, reduce or postpone any scheduled repayment;
(3) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.5) or any fee payable hereunder;
(4) extend the time for payment of any such interest or fees;
(5) reduce the principal amount of any Loan;
(6) (Ax) amend the definition of “Borrowing Base,” or “Maximum Committed Amount” in a manner that increases the Commitment Availability to the Borrower or (By) amend, modify, terminate or waive Section 2.13 or Section 2.14 or any provision of Sections 9.5(a), 9.5(b) or 9.5(c(b);
(7) release all or substantially all of the Collateral, Collateral or the Company from any of its obligations under the Limited Guaranty except as expressly provided in the Credit Documents;
(8) consent to the assignment or transfer by the Servicer, or any Credit Party the Company or the Originator, of any of its respective rights and obligations under any Credit Document;; or
(9) increase the Revolving Delayed Draw Commitment of any Lender; provided, no amendment, modification or waiver of any condition precedent, covenant, Default or Event of Default shall constitute an increase in any Delayed Draw Commitment of a Lender; or
(10) amend, modify, terminate or waive any provision of Section 3.2(a) with regard to any Credit Extension (for the avoidance of doubt, the consent of each Lender shall be required in connection with such action);.
Appears in 1 contract
Lender Consent. Without the written consent of each Lender to the extent affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would:
(1) extend the scheduled final maturity of any Loan or Note;
(2) waive, reduce or postpone any scheduled repayment;
(3) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.5) or any fee payable hereunder;
(4) extend the time for payment of any such interest or fees;
(5) reduce the principal amount of any Loan;
(6) (A) amend the definition of “"Borrowing Base,” " "Maximum Advance Amount" or “"Maximum Committed Amount” " in a manner that increases the Commitment Availability to the Borrower Borrower, (B) amend Appendix C, Appendix D, Appendix E-1, or Appendix E-2 (including any definitions contained therein), or (BC) amend, modify, terminate or waive any provision of Sections 7.1, 9.5(a), 9.5(b) or 9.5(c9.5(b);
(7) release all or substantially all of the Collateral, except as expressly provided in the Credit Documents;
(8) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under any Credit Document;
(9) increase the Revolving Commitment of any Lender; or
(10) amend, modify, terminate or waive any provision of Section 3.2(a) with regard to any Credit Extension (for the avoidance of doubt, the consent of each Lender shall be required in connection with such action);
Appears in 1 contract
Lender Consent. Without the written consent of each Lender to the extent affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would:
(1) extend the scheduled final maturity of any Loan or Note;
(2) waive, reduce or postpone any scheduled repayment;
(3) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.5) or any fee payable hereunder;
(4) extend the time for payment of any such interest or fees;
(5) reduce the principal amount of any Loan;
(6) (A) amend the definition of “"Borrowing Base,” " or “"Maximum Committed Amount” " in a manner that increases the Commitment Availability to the Borrower or (B) amend, modify, terminate or waive any provision of Sections 9.5(a), 9.5(b) or 9.5(c);
(7) release all or substantially all of the Collateral, except as expressly provided in the Credit Documents;
(8) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under any Credit Document;
(9) increase the Revolving Commitment of any Lender; or
(10) amend, modify, terminate or waive any provision of Section 3.2(a) with regard to any Credit Extension (for the avoidance of doubt, the consent of each Lender shall be required in connection with such action);
Appears in 1 contract
Lender Consent. Without the written consent of each Lender to the extent affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would:
(1) extend the scheduled final maturity of any Loan or Note;
(2) waive, reduce or postpone any scheduled repayment;
(3) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any Loan pursuant to Section 2.5) or any fee payable hereunder;
(4) extend the time for payment of any such interest or fees;
(5) reduce the principal amount of any Loan;
(6) (A) amend the definition of “Borrowing BaseAvailable Amount,” or “Maximum Committed Amount” in a manner that increases the Commitment Availability to the Borrower or (B) amend, modify, terminate or waive any provision of Sections 9.5(a), 9.5(b9.4(a) or 9.5(c9.4(b);
(7) release all or substantially all of the Collateral, except as expressly provided in the Credit Documents;
(8) consent to the assignment or transfer by any Credit Transaction Party of any of its rights and obligations under any Credit Document;
(9) increase the Revolving Delayed Draw Commitment of any Lender; or
(10) amend, modify, terminate or waive any provision of Section 3.2(a) with regard to any Credit Extension or Section 3.3(a) with regard to any Annual Distribution (for the avoidance of doubt, the consent of each Lender shall be required in connection with such action);
Appears in 1 contract