Material Documents. The Borrower will not, nor will it permit any of its Subsidiaries to (a) amend the Borrower’s partnership agreement in any material respect, (b) admit a new general partner to the Borrower, (c) enter into any termination or material modification or amendment of Permitted Property Agreements which singly or in the aggregate could reasonably be expected to cause a Material Adverse Change, or (d) modify the Approved Inter-Company Indebtedness Loan Documents in any way that is materially adverse to the Lenders. Any termination, modification or amendment prohibited under this Section 6.09 without the Required Lender’s written consent shall, to the extent permitted by applicable law, be void and of no force and effect.
Appears in 2 contracts
Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc), Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)
Material Documents. The Borrower will not, nor will it ------------------ permit any of its Subsidiaries to (other than Permitted Other Subsidiaries) or any Approved Participating Lessee (other than as a lessee of a Permitted Non-Eligible Property) to, enter into any termination, material modification or material amendment any of the following documents without the written consent of the Administrative Agent:
(a) amend the Borrower’s partnership agreement in any material respect, Approved Management Agreement;
(b) admit a new general partner to the Borrower, Approved Participating Lease;
(c) enter into any termination or material modification or amendment of Permitted Property Agreements which singly or in the aggregate could reasonably be expected to cause a Material Adverse Change, or Qualified Ground Lease; and
(d) modify the Approved Inter-Company Indebtedness Loan Documents in any way that is materially adverse to the LendersAny other material agreement. Any termination, modification or amendment prohibited under this Section 6.09 without the Required Lender’s written consent 6.13 shall, to the extent permitted by applicable law, be void and of no force and effect.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Material Documents. The Borrower will not, nor will it permit any of its Subsidiaries to (other than Permitted Other Subsidiaries) or any Approved Participating Lessee (other than as a lessee of a Permitted Non-Eligible Property) to, enter into any termination, material modification or material amendment of any of the following documents without the written consent of the Administrative Agent:
(a) amend the Borrower’s partnership agreement in any material respect, Approved Management Agreement;
(b) admit a new general partner to the Borrower, Approved Participating Lease;
(c) enter into any termination or material modification or amendment of Permitted Property Agreements which singly or in the aggregate could reasonably be expected to cause a Material Adverse Change, or Qualified Ground Lease; and
(d) modify the Approved Inter-Company Indebtedness Loan Documents in any way that is materially adverse to the LendersAny other material agreement. Any termination, modification or amendment prohibited under this Section 6.09 without the Required Lender’s written consent 6.13 shall, to the extent permitted by applicable law, be void and of no force and effect.
Appears in 1 contract
Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties)
Material Documents. The Borrower will not, nor will it permit any of its Subsidiaries to (a) amend the Borrower’s partnership agreement in any material respect, (b) admit a new general partner to the Borrower, (c) enter into any termination or material modification or amendment of Permitted Property Agreements which singly or in the aggregate could reasonably be expected to cause a Material Adverse Change, or (d) modify the Approved Inter-Company Indebtedness Loan Documents in any way that is materially adverse to the Lenders. Any termination, modification or amendment prohibited under this Section 6.09 6.12 without the Required Lender’s written consent shall, to the extent permitted by applicable law, be void and of no force and effect.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)