Modification of Debt Clause Samples
Modification of Debt. Cancel or modify any Indebtedness owing to it, except for reasonable consideration in the ordinary course of its business or to the extent that it would not have a Material Adverse Effect on Borrower’s financial condition.
Modification of Debt. 98 7.3 [Reserved]. .............................................................................................................98 7.4 Payment of Subordinated Obligations ...................................................................99 7.5 Mergers ..................................................................................................................99 7.6
Modification of Debt. The Borrowers and the Parent will not, nor will they permit their Subsidiaries to, (a) amend or otherwise modify the terms of any of the documents pertaining to the Subordinated Debt or (b) prepay, redeem or repurchase (i) the Senior Notes or (ii) the Subordinated Debt, other than prepayments of the Senior Notes so long as no Event of Default has occurred and is continuing or would result from such prepayment.
Modification of Debt. Section 1.1.10 of the Agreement is deleted in its entirety and the following is substituted in lieu thereof: