Common use of Modification of Other Debt Documents Clause in Contracts

Modification of Other Debt Documents. The Borrowers and the other Loan Parties shall not, without the prior written consent of the Required Banks, agree to, or make, or permit to be made any amendment, modification, or supplement to the Convertible Note Indenture or the other Convertible Debt Documents, the 2009 Bonds, the 2010 Bonds or the Xxxxxx Bridge Loans, as the case may be, each as in effect on the Closing Date, the effect of which is to (i) increase the rate of interest or fees payable in respect of the Convertible Notes or 2009 Bonds, as applicable, (ii) require any principal payments of the Convertible Notes or the 2009 Bonds prior to the dates of required principal payments under the Convertible Note Indenture or 2009 Bonds, as applicable or change the definition of “fundamental change” under the Convertible Note Indenture, (iii) shorten the final maturity date of the Convertible Notes, the 2009 Bonds or the documents evidencing the Xxxxxx Acquisition Debt or permit the holders of the Convertible Notes, the 2009 Bonds to put such Convertible Notes or 2009 Bonds to any Borrower prior to the times provided therefore under the Convertible Note Indenture or the 2009 Bonds, as applicable, (iv) secure or obtain any agreement to secure the Convertible Notes or the 2009 Bonds with the grant of any security interests, mortgage liens or other collateral assignments on the property of any of the Loan Parties, (v) modify the subordination provisions contained in the Convertible Note Indenture or the 2009 Bonds or, if applicable, the documents evidencing the Xxxxxx Acquisition Debt, (vi) make the covenants and events of default contained in the Convertible Note Indenture, the 2009 Bonds or the Documents evidencing the Xxxxxx Acquisition Debt more restrictive, (vii) modify or amend the terms under which the Convertible Notes are convertible into shares of TGI’s common stock or cash if the effect of such amendment or modification is to make the terms of such conversion less favorable either to the Borrowers or to the Banks than the terms of such conversion as in effect as of the Closing Date or (viii) with respect to the Convertible Debt Documents, the 2009 Bonds, the 2010 Bonds or the Xxxxxx Bridge Loans, materially adversely affect any Borrower’s or the Banks’ rights and interests. The Borrowers and the other Loan Parties shall not agree to, or make, or permit to be made any amendment, modification, or supplement to any such documents evidencing the Xxxxxx Financing, the effect of which results in the Xxxxxx Financing not being in compliance with the Xxxxxx Financing Parameters or the Incremental Term Loans not being in compliance with the Incremental Term Loan Parameters, including without limitation in each case, such documents shall not be guaranteed by or be in favor a borrower or other obligor thereunder unless such Person is also a Borrower or a Guarantor of the Obligations.

Appears in 2 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

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Modification of Other Debt Documents. The Borrowers and the other Loan Parties shall not, without the prior written consent of the Required Banks, agree to, or make, or permit to be made any amendment, modification, or supplement to the Convertible Note Indenture or the other Convertible Debt Documents, the 2009 Bonds, or the 2010 Bonds or the Xxxxxx Bridge LoansBonds, as the case may be, each as in effect on the Closing Date, the effect of which is to (i) increase the rate of interest or fees payable in respect of 101 the Convertible Notes or 2009 Bonds, as applicable, (ii) require any principal payments of the Convertible Notes or the 2009 Bonds prior to the dates of required principal payments under the Convertible Note Indenture or 2009 Bonds, as applicable or change the definition of "fundamental change" under the Convertible Note Indenture, (iii) shorten the final maturity date of the Convertible Notes, the 2009 Bonds or the documents evidencing the Xxxxxx Acquisition Debt or permit the holders of the Convertible Notes, the 2009 Bonds to put such Convertible Notes or 2009 Bonds to any Borrower prior to the times provided therefore under the Convertible Note Indenture or the 2009 Bonds, as applicable, (iv) secure or obtain any agreement to secure the Convertible Notes or the 2009 Bonds with the grant of any security interests, mortgage liens or other collateral assignments on the property of any of the Loan Parties, (v) modify the subordination provisions contained in the Convertible Note Indenture or the 2009 Bonds or, if applicable, the documents evidencing the Xxxxxx Acquisition Debt, (vi) make the covenants and events of default contained in the Convertible Note Indenture, the 2009 Bonds or the Documents evidencing the Xxxxxx Acquisition Debt more restrictive, (vii) modify or amend the terms under which the Convertible Notes are convertible into shares of TGI’s 's common stock or cash if the effect of such amendment or modification is to make the terms of such conversion less favorable either to the Borrowers or to the Banks than the terms of such conversion as in effect as of the Closing Date or (viii) with respect to the Convertible Debt Documents, the 2009 Bonds, or the 2010 Bonds or the Xxxxxx Bridge LoansBonds, materially adversely affect any Borrower’s 's or the Banks' rights and interests. The Borrowers and the other Loan Parties shall not agree to, or make, or permit to be made any amendment, modification, or supplement to any such documents evidencing the Xxxxxx FinancingAcquisition Debt, the effect of which results in the Xxxxxx Financing Acquisition Debt not being in compliance with the Xxxxxx Financing Parameters or the Incremental Term Loans not being in compliance with the Incremental Term Loan Parameters, including without limitation in each case, such documents shall not be guaranteed by or be in favor a borrower or other obligor thereunder unless such Person is also a Borrower or a Guarantor of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Modification of Other Debt Documents. The Borrowers and the other Loan Parties shall not, without the prior written consent of the Required Banks, agree to, or make, or permit to be made any amendment, modification, or supplement to the Convertible Note Indenture or the other Convertible Debt Documents, the 2009 Bonds, or the 2010 Bonds or the Xxxxxx Bridge LoansBonds, as the case may be, each as in effect on the Closing Date, the effect of which is to (i) increase the rate of interest or fees payable in respect of the Convertible Notes or 2009 Bonds, as applicable, (ii) require any principal payments of the Convertible Notes or the 2009 Bonds prior to the dates of required principal payments under the Convertible Note Indenture or 2009 Bonds, as applicable or change the definition of “fundamental change” under the Convertible Note Indenture, (iii) shorten the final maturity date of the Convertible Notes, the 2009 Bonds or the documents evidencing the Xxxxxx Acquisition Debt or permit the holders of the Convertible Notes, the 2009 Bonds to put such Convertible Notes or 2009 Bonds to any Borrower prior to the times provided therefore under the Convertible Note Indenture or the 2009 Bonds, as applicable, (iv) secure or obtain any agreement to secure the Convertible Notes or the 2009 Bonds with the grant of any security interests, mortgage liens or other collateral assignments on the property of any of the Loan Parties, (v) modify the subordination provisions contained in the Convertible Note Indenture or the 2009 Bonds or, if applicable, the documents evidencing the Xxxxxx Acquisition Debt, (vi) make the covenants and events of default contained in the Convertible Note Indenture, the 2009 Bonds or the Documents evidencing the Xxxxxx Acquisition Debt more restrictive, (vii) modify or amend the terms under which the Convertible Notes are convertible into shares of TGI’s common stock or cash if the effect of such amendment or modification is to make the terms of such conversion less favorable either to the Borrowers or to the Banks than the terms of such conversion as in effect as of the Closing Date or (viii) with respect to the Convertible Debt Documents, the 2009 Bonds, or the 2010 Bonds or the Xxxxxx Bridge LoansBonds, materially adversely affect any Borrower’s or the Banks’ rights and interests. The Borrowers and the other Loan Parties shall not agree to, or make, or permit to be made any amendment, modification, or supplement to any such documents evidencing the Xxxxxx FinancingAcquisition Debt, the effect of which results in the Xxxxxx Financing Acquisition Debt not being in compliance with the Xxxxxx Financing Parameters or the Incremental Term Loans not being in compliance with the Incremental Term Loan Parameters, including without limitation in each case, such documents shall not be guaranteed by or be in favor a borrower or other obligor thereunder unless such Person is also a Borrower or a Guarantor of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Modification of Other Debt Documents. The Borrowers and the other Loan Parties shall not, without the prior written consent of the Required Banks, agree to, or make, or permit to be made any amendment, 104 modification, or supplement to the Convertible Note Indenture or Indenture, the other Convertible Debt Documents, the 2009 2010 Bonds, the 2010 Bonds or the Xxxxxx Bridge Loans2013 Bonds, as the case may be, each as in effect on the Closing Date, the effect of which is to (i) increase the rate of interest or fees payable in respect of the Convertible Notes or 2009 Bonds, as applicableNotes, (ii) require any principal payments of the Convertible Notes or the 2009 Bonds prior to the dates of required principal payments under the Convertible Note Indenture or 2009 Bonds, as applicable or change the definition of "fundamental change" under the Convertible Note Indenture, (iii) shorten the final maturity date of the Convertible Notes, the 2009 Bonds Notes or the documents evidencing the Xxxxxx Acquisition Debt or permit the holders of the Convertible Notes, the 2009 Bonds to put such Convertible Notes or 2009 Bonds to any Borrower prior to the times provided therefore under the Convertible Note Indenture or the 2009 Bonds, as applicableIndenture, (iv) secure or obtain any agreement to secure the Convertible Notes or the 2009 Bonds with the grant of any security interests, mortgage liens or other collateral assignments on the property of any of the Loan Parties, (v) modify the subordination provisions contained in the Convertible Note Indenture or the 2009 Bonds or, if applicable, the documents evidencing the Xxxxxx Acquisition Debt, (vi) make the covenants and events of default contained in the Convertible Note Indenture, the 2009 Bonds Indenture or the Documents evidencing the Xxxxxx Acquisition Debt more restrictive, (vii) modify or amend the terms under which the Convertible Notes are convertible into shares of TGI’s 's common stock or cash if the effect of such amendment or modification is to make the terms of such conversion less favorable either to the Borrowers or to the Banks than the terms of such conversion as in effect as of the Closing Date or (viii) with respect to the Convertible Debt Documents, the 2009 2010 Bonds, the 2010 Bonds or the Xxxxxx Bridge Loans, 2013 Bonds materially adversely affect any Borrower’s 's or the Banks' rights and interests. The Borrowers and the other Loan Parties shall not agree to, or make, or permit to be made any amendment, modification, or supplement to any such documents evidencing the Xxxxxx FinancingAcquisition Debt, the effect of which results in the Xxxxxx Financing Acquisition Debt not being in compliance with the Xxxxxx Financing Parameters or the Incremental Term Loans not being in compliance with the Incremental Term Loan Parameters, including without limitation in each case, such documents shall not be guaranteed by or be in favor a borrower or other obligor thereunder unless such Person is also a Borrower or a Guarantor of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

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Modification of Other Debt Documents. The Borrowers Borrower and the other Loan Parties shall not, without the prior written consent of the Required Banks, agree to, or make, or permit to be made any amendment, modification, or supplement to the Convertible Note Indenture or the other Convertible Debt Documents, the 2009 Bonds, the 2010 Bonds or the Xxxxxx Bridge Loans, as the case may be, each as in effect on the Closing Date, the effect of which is to (i) increase the rate of interest or fees payable in respect of the Convertible Notes or 2009 Bonds, as applicable, (ii) require any principal payments of the Convertible Notes or the 2009 Bonds prior to the dates of required principal payments under the Convertible Note Indenture or 2009 Bonds, as applicable applicable, or change the definition of “fundamental change” under the Convertible Note Indenture, (iii) shorten the final maturity date of the Convertible Notes, the 2009 Bonds, the 2010 Bonds or the documents evidencing the Xxxxxx Acquisition Debt Bridge Loans or permit the holders of the Convertible Notes, the 2009 Bonds or the 2010 Bonds to put such Convertible Notes or Notes, 2009 Bonds or 2010 Bonds to any the Borrower prior to the times provided therefore under the Convertible Note Indenture Indenture, the 2009 Bonds or the 2009 2010 Bonds, as applicable, (iv) secure or obtain any agreement to secure the Convertible Notes or the 2009 Bonds with the grant of any security interests, mortgage liens or other collateral assignments on the property of any of the Loan Parties, (v) modify the subordination provisions contained in the Convertible Note Indenture or the 2009 Bonds or, if applicable, the documents evidencing the Xxxxxx Acquisition Debt2010 Bonds, (vi) make the covenants and events of default contained in the Convertible Note Indenture, the 2009 Bonds or the Documents evidencing the Xxxxxx Acquisition Debt 2010 Bonds more restrictive, (vii) modify or amend the terms under which the Convertible Notes are convertible into shares of TGIthe Borrower’s common stock or cash if the effect of such amendment or modification is to make the terms of such conversion less favorable either to the Borrowers Borrower or to the Banks than the terms of such conversion as in effect as of the Closing Date or (viii) with respect to the Convertible Debt Documents, the 2009 Bonds, the 2010 Bonds or the Xxxxxx Bridge Loans, materially adversely affect any the Borrower’s or the Banks’ rights and interests. The Borrowers Borrower and the other Loan Parties shall not agree to, or make, or permit to be made any amendment, modification, or supplement to any such documents evidencing the Xxxxxx Financing, the effect of which results in the Xxxxxx Financing not being in compliance with the Xxxxxx Financing Parameters or the Incremental Term Loans not being in compliance with the Incremental Term Loan Parameters, including without limitation in each case, such documents shall not be guaranteed by or be in favor a borrower or other obligor thereunder (other than any Foreign Subsidiary) unless such Person is also a Borrower or a Guarantor of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

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