Modification of Second Lien Loan Documents Sample Clauses

Modification of Second Lien Loan Documents. Except as set forth in the Intercreditor Agreement, neither the Parent nor the Borrower shall, nor shall it permit any Subsidiary to, (a) amend, supplement or otherwise modify in any manner any of the terms or provisions contained in, or applicable to, any Second Lien Loan Documents, unless (i) no fee is payable to the lenders under the Second Lien Loan Documents and (ii) the sole purpose of any such amendment, supplement or other modification is one or more of the following: (A) to extend the date or reduce the amount of any required repayment, prepayment or redemption of the principal of the Second Lien Loans, (B) to reduce the rate or extend the date for payment of interest, premium (if any) or fees payable on the Second Lien Loans or under the Second Lien Loan Documents or (C) to make the covenants, events of default or remedies in the Second Lien Loan Documents less restrictive on the Borrower and the guarantors party thereto, or (b) make any voluntary prepayment of the Second Lien Loans or effect any voluntary redemption thereof in violation of the Intercreditor Agreement.
Sample 1
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Modification of Second Lien Loan Documents. Amend, supplement or otherwise modify in any manner any of the terms or provisions contained in, or applicable to, any Second Lien Documents, unless (a) no fee is payable to the lenders under the Second Lien Loan Documents and (b) the sole purpose of any such amendment, supplement or other modification is one or more of the following: (i) to extend the date or reduce the amount of any required repayment, prepayment or redemption of the principal of the loans under the Second Lien Loan Documents, (ii) to reduce the rate or extend the date for payment of the interest, premium (if any) or fees payable on the Second Lien Loan, as applicable, or (iii) to make the covenants, events of default or remedies in the Second Lien Loan Documents less restrictive on the Borrower or its Subsidiaries.
Sample 1
Modification of Second Lien Loan Documents. The Borrower shall not, nor shall it permit any Subsidiary of the Borrower to, (a) alter, rescind, terminate, amend, supplement, waive or otherwise modify any provision of any Second Lien Loan Document (except as permitted by the Intercreditor Agreement) or (b) permit any breach or default to exist under any Second Lien Loan Document or take or fail to take any action thereunder, if to do so would have a Material Adverse Effect. CREDIT AGREEMENT KNOLOGY, INC.
Sample 1
Modification of Second Lien Loan Documents. Amend, supplement or otherwise modify in any manner any of the terms or provisions contained in, or applicable to, any Second Lien Loan Documents, to the extent any such amendment, modification or change is not permitted under the terms of the Intercreditor Agreement.
Sample 1

Related to Modification of Second Lien Loan Documents

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply: (a) Lender may extend the time for payment of the principal of or interest on the Indebtedness or renew the Indebtedness in whole or in part. (b) Lender may extend the time for Borrower’s performance of or compliance with any covenant or agreement contained in the Note, the Loan Agreement or any other Loan Document, whether presently existing or entered into after the date of this Guaranty, or waive such performance or compliance. (c) Lender may accelerate the Maturity Date of the Indebtedness as provided in the Note, the Loan Agreement, or any other Loan Document. (d) Lender and Borrower may modify or amend the Note, the Loan Agreement, or any other Loan Document in any respect, including an increase in the principal amount. (e) Lender may modify, exchange, surrender or otherwise deal with any security for the Indebtedness or accept additional security that is pledged or mortgaged for the Indebtedness.

  • Modifications to Loan Documents Except as otherwise provided in Section 9.02(b) or 9.02(c) with respect to this Agreement, the Administrative Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Loan Documents; provided that, without the prior consent of each Lender, the Administrative Agent shall not (except as provided herein or in the Security Documents) release all or substantially all of the Collateral or otherwise terminate all or substantially all of the Liens under any Security Document providing for collateral security, agree to additional obligations being secured by all or substantially all of such collateral security, or alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Security Documents with respect to all or substantially all of the Collateral, except that no such consent shall be required, and the Administrative Agent is hereby authorized, to release any Lien covering property that is the subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders have consented.

  • Amendment of Loan Agreement The Loan Agreement is hereby modified and amended as follows:

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Modifications to Loan Agreement 1. The Loan Agreement shall be amended by deleting the following definition appearing in Section 13.1 thereof:

  • Amendments to Credit Agreement (a) Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions in the appropriate alphabetical order:

  • Loan Document Pursuant to Existing Credit Agreement This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.

  • Loan Document Pursuant to Credit Agreement This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement.

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

  • of the Loan Agreement Section 14.1.1(c)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

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