Common use of Modification or Sale of the Subordinated Debt Clause in Contracts

Modification or Sale of the Subordinated Debt. The Subordinating Creditor will not, at any time while this Agreement is in effect, modify any of the terms of any of the Subordinated Debt or any of the Subordinated Documents without the prior written consent of the Agent, which consent shall not be unreasonably withheld or delayed; nor will the Subordinating Creditor sell, transfer, pledge, assign, hypothecate or otherwise dispose of any or all of the Subordinated Debt to any Person other than a Person who agrees in writing, reasonably satisfactory in form and substance to Agent, to become a party hereto and to succeed to the rights and to be bound by all of the obligations of the Subordinating Creditor hereunder. In the case of any such disposition by the Subordinating Creditor, the Subordinating Creditor will notify the Agent at least ten (10) days prior to the date of any such intended disposition.

Modification or Sale of the Subordinated Debt. The Neither the Collateral Agent nor any Subordinating Creditor will notwill, at any time while this Agreement is in effect, modify any of the terms of any of the Subordinated Debt or any of the Subordinated Documents without with respect to the prior written consent of the Agent, which consent shall not be unreasonably withheld or delayedSubordinated Debt; nor will the any Subordinating Creditor sell, transfer, pledge, assign, hypothecate or otherwise dispose of any or all of the Subordinated Debt or Trustee Claims to any Person person other than a Person person who agrees in a writing, reasonably satisfactory in form and substance to the Agent, to become a party hereto and to succeed to the rights and to be bound by all of the obligations of the such Subordinating Creditor hereunder. In the case of any such disposition by the a Subordinating Creditor, the such Subordinating Creditor will notify the Agent at least ten (10) 10 days prior to the date of any of such intended disposition.

Modification or Sale of the Subordinated Debt. The Subordinating Creditor will not, at any time while this Agreement is in effect, modify any of the terms of any of the Subordinated Debt or any of the Subordinated Documents without the prior written consent or cancel, forgive or convert into equity any of the AgentSubordinated Debt, which consent shall not be unreasonably withheld or delayedexcept as expressly permitted by the Credit Agreement; nor will the Subordinating Creditor sell, transfer, pledge, assign, hypothecate or otherwise dispose of any or all of the Subordinated Debt to any Person person other than a Person person who agrees in a writing, reasonably satisfactory in form and substance to the Agent, to become a party hereto and to succeed to the rights and to be bound by all of the obligations of the Subordinating Creditor hereunder. In the case of any such disposition by the Subordinating Creditor, the Subordinating Creditor will notify the Agent at least ten (10) days prior to the date of any of such intended disposition.