Modification of Senior Loan Documents Sample Clauses

Modification of Senior Loan Documents. Senior Lender may amend, waive, postpone, extend, renew, replace, reduce or otherwise modify any provisions of the Senior Loan Documents without the necessity of obtaining the consent of or providing Notice to Subordinate Lender, and without affecting any of the provisions of this Agreement. Notwithstanding the foregoing, Senior Lender may not modify any provision of the Senior Loan Documents that increases the Senior Indebtedness, except for increases in the Senior Indebtedness that result from advances made by Senior Lender to protect the security or lien priority of Senior Lender under the Senior Loan Documents or to cure defaults under the Subordinate Loan Documents.
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Modification of Senior Loan Documents. Senior Lender may amend, waive, postpone, extend, renew, replace, reduce or otherwise modify any provisions of the Senior Loan Documents without the necessity of obtaining the consent of or providing Notice to Subordinate Lender, and without affecting any of the provisions of this Agreement.
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Modification of Senior Loan Documents. Senior Lender may amend, waive, postpone, extend, renew, replace, reduce or otherwise modify any provisions of the Senior Loan Documents without the necessity of obtaining the consent of or providing Notice to Subordinate Lender, and without affecting any of the provisions of this Agreement. Notwithstanding the foregoing, Senior Lender shall not, without Subordinate Lender’s written consent, amend the Senior Loan Documents to do any of the following: (i) extend the scheduled maturity date of Borrower’s obligations to the Senior Lender, unless the Senior Loan Documents are in default at the time of such extension; (ii) increase the interest rate on Borrower’s obligations to Senior Lender resulting from a modification of the Senior Loan Documents subsequent to the date hereof; (iii) increase the principal amount of Borrower’s obligations to Senior Lender beyond the original principal amount, except for increases resulting from advances made by Senior Lender to preserve and protect Senior Lender’s security or lien priority, including taxes, insurance, to cure defaults under the Subordinate Loan Documents, and costs of collection and or enforcement of the Senior Loan Documents; and (iv) change the amortization of Borrower’s obligations to Senior Lender by which scheduled payments of principal and interest are increased, unless such changes are a result of a default on the Senior Loan Documents and/or advances made by Senior Lender to preserve and protect Senior Lender’s security including taxes, insurance, and costs of collection and enforcement of the Senior Loan Documents.
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Modification of Senior Loan Documents. Without the prior written consent of Lender (which consent shall not be unreasonably withheld or delayed), so long as the Loan is outstanding, neither the Senior Loan Agreement nor any other document evidencing or securing the Senior Loan may be amended, modified or supplemented in any material respect if the effect of such amendment, restatement, replacement, supplement or other modification is to (i) amend or modify the event of default provisions of the Senior Loan Agreement, (ii) amend or modify the prepayment provisions of the Senior Loan Agreement or (iii) increase the maximum principal amount of the Senior Loan.
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Modification of Senior Loan Documents. Subordinate Lender agrees that, without any notice to or consent by Subordinate Lender, without limiting or diminishing any rights or remedies of Senior Lender hereunder, and without any other action on the part of Senior Lender in respect of Subordinate Lender: (a) any demand for payment of the Senior Loan made by Senior Lender may be rescinded, and the Senior Loan, the Senior Loan Documents, the liability of Borrower with respect thereto and any collateral security therefor and any guaranty thereof may from time to time be renewed, amended, modified, accelerated, compromised, waived, surrendered or released, subject in all cases to the aggregate principal amount of the Senior Loan not exceeding $400,000,000 in any event; (b) the terms and conditions upon which the Senior Loan was or may hereafter be incurred and the instruments evidencing the same and the Senior Loan Documents, including collateral security documents and guaranties, may be amended or modified from time to time, including, without limitation, to increase principal or interest rates thereunder, extend or accelerate the maturity date or other due dates for payment, and any other amendment or modification agreed to by Senior Lender and Borrower (provided, however, that the principal amount of the Senior Loan Obligations may not exceed $400,000,000 in the aggregate without the written consent of Subordinate Lender); (c) any collateral security held by Senior Lender at any time for the payment of the Senior Loan may be sold, exchanged, waived, surrendered or released; (d) any person may be released from liability for the payment or collection of any amounts payable under the Senior Loan, the Senior Loan Documents or any related collateral security documents, including, without limitation, any guarantor thereof; and (
Sample 1
Modification of Senior Loan Documents. The Company will not agree or consent to any modification, amendment or waiver of any of the terms or provisions of its Certificate of Incorporation relating to the Company's preferred stock, in effect on the date hereof, without Purchaser's prior written consent. The provisions of the Senior Loan Documents may not be amended or modified in any manner that increases the revolving credit commitment thereunder by greater than $4,000,000, increases interest rates, fees or margins, increases any pricing matrix or method of making margin adjustments, accelerates the amortization or maturity dates of any payments of principal or other amounts, changes any other repayment provisions in a manner which makes such repayment provisions more restrictive, changes any financial covenant ratio in a manner which makes such financial covenant ratio more restrictive, or provides for any additional collateral, guaranty or pledge without the prior written consent of the Purchaser. Notwithstanding the foregoing, the Company may, without the prior written consent of Purchaser, replace the Senior Debt with a new senior debt facility on substantially the same or more favorable terms provided the replacement senior lender enters into a subordination agreement with Purchaser on substantially the same terms as the subordination agreement entered into on the Closing Date by Senior Lender and the Purchaser.
Sample 1
Modification of Senior Loan Documents. The Company will not, and will not permit Surviving Xxxxxx Xxxxx or any of its Subsidiaries to, consent to or enter into any Instrument which amends, supplements, waives or otherwise modifies any agreement, covenant or undertaking contained in any Senior Loan Document in any of the following respects: (a) so as to increase the maximum principal amount of Indebtedness (EXCLUDING, HOWEVER, Hedging Liabilities) permitted to be incurred and at any time be outstanding pursuant thereto above the maximum aggregate principal amount of Indebtedness then permitted to be outstanding thereunder by ITEM (x) of CLAUSE (c) of SECTION 6.2.2; or (b) so as to alter in any respect adverse to the Noteholders Section 4.3.2(b) or 9.4(b) of the Senior Loan Agreement; or (c) so to extend the stated maturity of the Senior Loans (or the effectiveness of any commitments under the Senior Loan Agreement) to a date less than 365 days prior to October 31, 2011 without amending Section 4.3.2(b) or 9.4(b) of the Senior Loan Agreement so that the Company may receive in accordance therewith "Net Equity Proceeds" or "Restricted Payments" (as defined therein) in an amount sufficient to make all payments of principal of and interest on the Notes when due.
Sample 1
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Related to Modification of Senior Loan Documents

  • 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.

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

  • Senior Loan Documents The executed Senior Loan Documents are the same forms as approved by HUD prior to the date of this Agreement. Upon execution and delivery of the Senior Loan Documents, Borrower shall deliver to Subordinate Lender an executed copy of each of the Senior Loan Documents, certified to be true, correct and complete.

  • Financing Agreement This Amendment shall constitute a Financing Agreement.

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

  • Amendments to Loan Documents Upon any such assignment, the Borrower and the Guarantors shall, upon the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment.

  • Credit Agreement; Loan Documents This Agreement or counterparts hereof shall have been duly executed by, and delivered to, Borrowers, each other Credit Party, Agent and Lenders; and Agent shall have received such documents, instruments, agreements and legal opinions as Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents, including all those listed in the Closing Checklist attached hereto as Annex D, each in form and substance reasonably satisfactory to Agent.

  • 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.

  • Loan Agreement This Agreement duly executed by Borrower and Lender.

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