Common use of Modification of Debt Agreements Clause in Contracts

Modification of Debt Agreements. Except as permitted under this Agreement, no Loan Party shall change or amend the terms of any agreement, or any indenture or other material document evidencing any Indebtedness, (other than the Term Loan Documents which shall be subject to the terms of the Intercreditor Agreement), if the effect of such amendment is to (a) increase the interest rate on such Indebtedness, (b) change the dates upon which payments of principal or interest are due on such Indebtedness other than to extend such dates, (c) change any default or event of default other than to delete or make less restrictive any default provision therein, or add any covenant with respect to such debt agreement, (d) change the redemption or prepayment provisions of such agreement other than to extend the dates therefor or to reduce the premiums or other amounts payable in connection therewith or (e) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights to the holder of such Indebtedness in a manner materially adverse to the Secured Parties.

Modification of Debt Agreements. Except as permitted under this AgreementThe Borrower shall, no Loan Party nor shall it permit any of its Subsidiaries to, change or amend the terms of any agreement, Subordinated Debt (or any indenture or agreement or other material document evidencing any Indebtedness, (other than the Term Loan Documents which shall be subject to the terms of the Intercreditor Agreement), entered into in connection therewith) if the effect of such amendment is to (a) increase the interest rate on such IndebtednessSubordinated Debt, (b) change the dates upon which payments of principal or interest are due on such Indebtedness Subordinated Debt other than to extend such dates, (c) change any default or event of default other than to delete or make less restrictive any default provision therein, or add any covenant with respect to such debt agreementSubordinated Debt, (d) change the subordination provisions of such Subordinated Debt, (e) change the redemption or prepayment provisions of such agreement Subordinated Debt other than to extend the dates therefor or to reduce the premiums or other amounts payable in connection therewith or (ef) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights to the holder of such Indebtedness Subordinated Debt in a manner materially adverse to the Secured Parties.

Modification of Debt Agreements. Except as permitted under this Agreement, no Loan Party No Group Member shall change or amend the terms of any agreement, Subordinated Debt (or any indenture or agreement or other material document evidencing any Indebtedness, (other than the Term Loan Documents which shall be subject to the terms of the Intercreditor Agreement), entered into in connection therewith) if the effect of such amendment is to (a) increase the interest rate on such IndebtednessSubordinated Debt, (b) change the dates upon which payments of principal or interest are due on such Indebtedness Subordinated Debt other than to extend such dates, (c) change any default or event of default other than to delete or make less restrictive any default provision therein, or add any covenant with respect to such debt agreementSubordinated Debt, (d) change the subordination provisions of such Subordinated Debt, (e) change the redemption or prepayment provisions of such agreement Subordinated Debt other than to extend the dates therefor or to reduce the premiums or other amounts payable in connection therewith or (ef) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights to the holder of such Indebtedness Subordinated Debt in a manner materially adverse to the Secured Parties, other than in connection with an incurrence of additional Subordinated Debt permitted under Section 8.1(l) (Indebtedness).