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 (d) 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 Agent or the Lenders and (ii) the Material Contracts referred to in clause (d) 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 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 NCH or any 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, (cb) any Subordinated Debt Documents the Business Plan or (dc) 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, the Administrative Agent or the Lenders and (ii) the Material Contracts referred to in clause (db) 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 the Administrative Agent and or any of the LendersLenders or, in the case of Material Contracts involving other Debt of the Loan Parties, to the extent that such amendment or modification does not result in such Loan Party being in breach of any covenant or agreement contained in any Loan Document.
Appears in 1 contract
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, (cb) any Subordinated Debt Documents the Business Plan or (dc) 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 Agent Agents or the Lenders and (ii) the Material Contracts referred to in clause (db) 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 Agent and Agents or any of the LendersLenders or, in the case of Material Contracts involving other Debt of the Loan Parties, to the extent that such amendment or modification does not result in such Loan Party being in breach of any covenant or agreement contained in any Loan Document.
Appears in 1 contract
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, (cb) any Subordinated Debt Documents the Business Plan or (dc) 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 Agent Agents or the Lenders and (ii) the Material Contracts referred to in clause (db) 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 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