Common use of Material Amendments Clause in Contracts

Material Amendments. Each Borrower will not, and will not permit any of its Subsidiaries, to enter into any material amendment, waiver or modification of (a) any Material Contract that is adverse to the interests of Agent and Lenders and (b) any of the Ares Term Loan Documents (i) except to the extent not prohibited under the Intercreditor Agreement and (ii) without delivering a copy of such amendment, modification or supplement to Agent.

Appears in 2 contracts

Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)

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Material Amendments. Each Borrower will not, and will not permit any of its Subsidiaries, to enter into any material amendment, waiver or modification of (a) any Material Contract that is adverse to the interests of Agent and Lenders and (b) any of the Ares Term Loan 2021 Note Purchase Documents (i) except that is adverse to the extent not prohibited under the Intercreditor Agreement interests of Agent and Lenders and (ii) without delivering a copy of such amendment, modification or supplement to Agent.

Appears in 2 contracts

Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)

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Material Amendments. Each Borrower will not, and will not permit any of its Subsidiaries, to enter into any material amendment, waiver or modification of (a) any Material Contract that is adverse to the interests of Agent and Lenders and (b) any of the Ares Term Loan Loan2021 Note Purchase Documents (i) except to the extent not prohibited under the Intercreditor Agreement Agreementthat is adverse to the interests of Agent and Lenders and (ii) without delivering a copy of such amendment, modification or supplement to Agent.

Appears in 1 contract

Samples: Credit and Security Agreement (ARKO Corp.)

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