Common use of Modification of Other Agreements Clause in Contracts

Modification of Other Agreements. Each of the Loan Parties will not, and will not permit any of its Subsidiaries to, consent to or implement any termination, amendment, modification, supplement or waiver of (a) the Acquisition Documents, (b) the certificate or articles of incorporation or bylaws (or analogous constitutional documents) of the Borrower or any of its Subsidiaries, or (c) any other Material Contract to which it is a party or any Permit which it possesses; provided, however, that the Borrower and its Subsidiaries may amend or modify (i) the documents referred to in clause (b) preceding if and to the extent that such amendment or modification is not substantive or material and could not be adverse to the Administrative Agent or the Lenders and (ii) the Material Contracts referred to in clause (c) preceding if and to the extent that such amendment or modification could not reasonably be expected to be materially adverse to the Borrower and its Subsidiaries or the Administrative Agent and the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Dynamex Inc)

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Modification of Other Agreements. Each of the Loan Parties will not, and will not permit any of its Subsidiaries to, consent to or implement any termination, amendment, modification, supplement or waiver of (a) the Acquisition Documents, (b) the certificate or articles of incorporation or bylaws (or analogous constitutional documents) of the Borrower or any of its Subsidiaries, (c) any Subordinated Debt Documents or (cd) any other Material Contract to which it is a party or any Permit which it possesses; provided, however, that the Borrower and its Subsidiaries may amend or modify (i) the documents referred to in clause (b) preceding if and to the extent that such amendment or modification is not substantive or material and could not be adverse to the Administrative Agent or the Lenders and (ii) the Material Contracts referred to in clause (cd) preceding if and to the extent that such amendment or modification could not reasonably be expected to be materially adverse to the Borrower and its Subsidiaries or the Administrative Agent and the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Dynamex Inc)

Modification of Other Agreements. Each of the Loan Parties The Borrower will not, and will not permit NCI, NCH or any Restricted Subsidiary of its Subsidiaries the Borrower to, consent to or implement any termination, amendment, modification, supplement or waiver of (a) the Acquisition Documents, (b) the certificate or articles of incorporation or bylaws (or analogous other constitutional documents) documents of the Borrower or any of its Subsidiariesother Loan Party, (b) the Business Plan or (c) any other Material Contract to which it is a party or any Permit which it possesses; provided, however, that the Borrower and its Subsidiaries Loan Parties may amend or modify (i) the documents referred to in clause (ba) preceding or the Business Plan if and to the extent that such amendment or modification is not substantive or material and could not be adverse to any Loan Party, any of the Administrative Agent Agents or the Lenders and (ii) the Material Contracts referred to in clause (cb) preceding if and to the extent that such amendment or modification could not reasonably be expected to be materially adverse to the Borrower and any Loan Party or any of its Subsidiaries or any of the Administrative Agent and Agents or any of the Lenders.Lenders or, in the case of Material Contracts involving other Debt of the

Appears in 1 contract

Samples: Credit Agreement (Net2000 Communications Inc)

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Modification of Other Agreements. Each of the Loan Parties will not, and will not permit any of its Subsidiaries to, consent to or implement any termination, amendment, modification, supplement or waiver of (a) the Acquisition Documents, (b) the certificate or articles of incorporation or bylaws (or analogous constitutional documents) of the Borrower or any of its Subsidiaries, (c) any Subordinated Debt Documents or (cd) any other Material Contract to which it is a party or any Permit which it possesses; provided, however, that the Borrower and its Subsidiaries may amend or modify (i) the documents referred to in clause (b) preceding if and to the extent that such amendment or modification is not substantive or material and could not be adverse to the Administrative Agent or the Lenders and (ii) the Material Contracts referred to in clause (cd) preceding if and to the extent that such amendment or modification could not reasonably be expected to be materially adverse to the Borrower and its Subsidiaries or the Administrative Agent and the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Dynamex Inc)

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