Modification of Second Lien Loan Documents Sample Clauses

Modification of Second Lien Loan Documents. The Loan Parties shall not 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 (a) a fee of no more than 50 basis points is payable to the lenders under the Second Lien Loan Documents, (b) such amendment, supplement or modification is permitted by the Intercreditor Agreement, and (c) 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 Documents or (iii) to make the covenants, events of default or remedies in the Second Lien Loan Documents less restrictive on the Borrower, provided that this Section 8.17 shall not apply to any amendments, supplements or modifications that are required by the terms of the Second Lien Loan Documents.
Sample 1
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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 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. 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, etc Neither the Administrative Agent nor any other Secured Party shall incur any liability to any Guarantor as a result of any of the following, and none of the following shall impair or release this Guaranty or any of the obligations of any Guarantor under this Guaranty:

  • 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:

  • Amendment of Loan Documents Grantor authorizes Bank, without notice or demand and without affecting its liability hereunder, from time to time to (a) renew, extend, or (with the approval of Borrower) otherwise change the terms of any Loan Document, or any part thereof; (b) take and hold security for the payment of any Loan Document, and exchange, enforce, waive and release any such security; and (c) apply such security and direct the order or manner of sale thereof as Bank in its sole discretion may determine.

  • MODIFICATION OF CREDIT AGREEMENT The Credit Agreement is hereby amended as follows:

  • 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 amended as follows:

  • Term Loan Agreement An Event of Default (as defined in the Term Loan Agreement) shall occur.

  • Reaffirmation of Security Interest The Borrower hereby reaffirms as of the date hereof each and every security interest and Lien granted in favor of the Security Agent and the Banks under the Loan Documents, and agrees and acknowledges that such security interests and Liens shall continue from and after the date hereof and shall remain in full force and effect from and after the date hereof, in each case after giving effect to the Credit Agreement as amended by this Amendment, and the Obligations secured thereby and thereunder shall include the Borrower’s obligations under the Credit Agreement as amended by this Amendment. Each such reaffirmed security interest and Lien remains and shall continue to remain in full force and effect and is hereby in all respects ratified and confirmed.

  • Ratification of Credit Agreement Each Loan Party acknowledges and consents to the terms set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents, as amended hereby. This Amendment is a Loan Document.

  • Modifications to Loan Agreement 1. The Loan Agreement shall be amended by deleting the following definition appearing in Section 1.1 thereof:

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