Common use of Modification of Demand Note Clause in Contracts

Modification of Demand Note. Other than pursuant to a payment made upon a demand thereon by the Trustee pursuant to Section 5.5(c), HVF II shall not reduce the amount of any Series 2013-A Demand Note or forgive amounts payable thereunder so that the aggregate undrawn principal amount of the Series 2013-A Demand Notes after such forgiveness or reduction is less than the greater of (i) the Series 2013-A Letter of Credit Liquidity Amount as of the date of such reduction or forgiveness and (ii) an amount equal to 0.50% of the Series 2013-A Principal Amount as of the date of such reduction or forgiveness. Other than in connection with a reduction or forgiveness in accordance with the first sentence of this Section 4.5(b) or an increase in the stated amount of any Series 2013-A Demand Note, HVF II shall not agree to any amendment of any Series 2013-A Demand Note without first obtaining the prior written consent of the Series 2013-A Required Noteholders.

Modification of Demand Note. Other than pursuant to a payment made upon a demand thereon by the Trustee pursuant to Section 5.5(c), HVF II shall not reduce the amount of any Series 2013-A B Demand Note or forgive amounts payable thereunder so that the aggregate undrawn principal amount of the Series 2013-A B Demand Notes after such forgiveness or reduction is less than the greater of (i) the Series 2013-A B Letter of Credit Liquidity Amount as of the date of such reduction or forgiveness and (ii) an amount equal to 0.50% of the Series 2013-A B Principal Amount as of the date of such reduction or forgiveness. Other than in connection with a reduction or forgiveness in accordance with the first sentence of this Section 4.5(b) or an increase in the stated amount of any Series 2013-A B Demand Note, HVF II shall not agree to any amendment of any Series 2013-A B Demand Note without first obtaining the prior written consent of the Series 2013-A B Required Noteholders.

Modification of Demand Note. Other than pursuant to a payment made upon a demand thereon by the Trustee pursuant to Section 5.5(c), HVF II shall not reduce the amount of any Series 20132014-A Demand Note or forgive amounts payable thereunder so that the aggregate undrawn principal amount of the Series 20132014-A Demand Notes after such forgiveness or reduction is less than the greater of (i) the Series 20132014-A Letter of Credit Liquidity Amount as of the date of such reduction or forgiveness and (ii) an amount equal to 0.50% of the Series 20132014-A Principal Amount as of the date of such reduction or forgiveness. Other than in connection with a reduction or forgiveness in accordance with the first sentence of this Section 4.5(b) or an increase in the stated amount of any Series 20132014-A Demand Note, HVF II shall not agree to any amendment of any Series 20132014-A Demand Note without first obtaining the prior written consent of the Series 20132014-A Required Noteholders.

Modification of Demand Note. Other than pursuant to a payment made upon a demand thereon by the Trustee pursuant to Section 5.5(c) or Section 5.5(e), HVF II shall not reduce the amount of any Series 2013-A B Demand Note or forgive amounts payable thereunder so that the aggregate undrawn principal amount of the Series 2013-A B Demand Notes after such forgiveness or reduction is less than the greater of (i) the Series 2013-A B Letter of Credit Liquidity Amount as of the date of such reduction or forgiveness and (ii) an amount equal to 0.50% of the Series 2013-A B Principal Amount as of the date of such reduction or forgiveness. Other than in connection with a reduction or forgiveness in accordance with the first sentence of this Section 4.5(b) or an increase in the stated amount of any Series 2013-A B Demand Note, HVF II shall not agree to any amendment of any Series 2013-A B Demand Note without first obtaining the prior written consent of the Series 2013-A B Required Noteholders.

Modification of Demand Note. Other than pursuant to a payment made upon a demand thereon by the Trustee pursuant to Section 5.5(c), HVF II shall not reduce the amount of any Series 2013-A Demand Note or forgive amounts payable thereunder so that the aggregate undrawn principal amount of the Series 2013-A Demand Notes after such forgiveness or reduction is less than the greater of (i) the Series 2013-A Letter of Credit Liquidity Amount as of the date of such reduction or forgiveness and (ii) an amount equal to 0.50% of the Series 2013-A Principal Amount Xxxxxx as of the date of such reduction or forgiveness. Other than in connection with a reduction or forgiveness in accordance with the first sentence of this Section 4.5(b) or an increase in the stated amount of any Series 2013-A Demand Note, HVF II shall not agree to any amendment of any Series 2013-A Demand Note without first obtaining the prior written consent of the Series 2013-A Required Noteholders.

Modification of Demand Note. Other than pursuant to a payment made upon a demand thereon by the Trustee pursuant to Section 5.5(c), HVF II shall not reduce the amount of any Series 2013-A B Demand Note or forgive amounts payable thereunder so that the aggregate undrawn principal amount of the Series 2013-A B Demand Notes after such forgiveness or reduction is less than the greater of (i) the Series 2013-A B Letter of Credit Liquidity Amount as of the date of such reduction or forgiveness and (ii) an amount equal to 0.50% of the Series 2013-A B Principal Amount as of the date of such reduction or forgiveness. Other than in connection with a reduction or forgiveness in accordance with the first sentence of this Section 4.5(b) or an increase in the stated amount of any Series 2013-A B Demand Note, HVF II shall not agree to any amendment of WEIL:\96021961\2\52399.0016 any Series 2013-A B Demand Note without first obtaining the prior written consent of the Series 2013-A B Required Noteholders.

Modification of Demand Note. Other than pursuant to a payment made upon a demand thereon by the Trustee pursuant to Section 5.5(c) or Section 5.5(e), HVF II shall not reduce the amount of any Series 2013-A Demand Note or forgive amounts payable thereunder so that the aggregate undrawn principal amount of the Series 2013-A Demand Notes after such forgiveness or reduction is less than the greater of (i) the Series 2013-A Letter of Credit Liquidity Amount as of the date of such reduction or forgiveness and (ii) an amount equal to 0.50% of the Series 2013-A Principal Amount as of the date of such reduction or forgiveness. Other than in connection with a reduction or forgiveness in accordance with the first sentence of this Section 4.5(b) or an increase in the stated amount of any Series 2013-A Demand Note, HVF II shall not agree to any amendment of any Series 2013-A Demand Note without first obtaining the prior written consent of the Series 2013-A Required Noteholders.

Modification of Demand Note. Other than pursuant to a payment made upon a demand thereon by the Trustee pursuant to Section 5.5(c), HVF II HVIF shall not reduce the amount of any Series 20132020-A 1 Demand Note or forgive amounts payable thereunder so that the aggregate undrawn principal amount of the Series 20132020-A 1 Demand Notes after such forgiveness or reduction is less than the greater of (i) the Series 20132020-A 1 Letter of Credit Liquidity Amount as of the date of such reduction or forgiveness and (ii) an amount equal to 0.50% of the Series 20132020-A 1 Principal Amount as of the date of such reduction or forgiveness. Other than in connection with a reduction or forgiveness in accordance with the first sentence of this Section 4.5(b4.4(b) or an increase in the stated amount of any Series 20132020-A 1 Demand Note, HVF II HVIF shall not agree to any amendment of any Series 20132020-A 1 Demand Note without first obtaining the prior written consent of the Series 20132020-A 1 Required Noteholders.