Common use of Modifications of Certain Operative Documents and Permits; New Material Contracts or Permits Clause in Contracts

Modifications of Certain Operative Documents and Permits; New Material Contracts or Permits. Borrowers shall not, and shall not permit any of their Subsidiaries to, agree to any material amendment to, or waive any of its material rights under, any Permit or Material Contract or enter into new Material Contract or Permits (it being understood that any Material Contracts which are covered by clause B or C below shall also be subject to the restrictions set forth therein) without in each case obtaining the prior written consent of Requisite Lenders if in any such case, such amendment or waiver or new Material Contract or Permit could reasonably be expected to have a Material Adverse Effect or otherwise adversely affect Lenders in any material respect.

Appears in 2 contracts

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC), Credit Agreement (Las Vegas Sands Inc)

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Modifications of Certain Operative Documents and Permits; New Material Contracts or Permits. The Borrowers shall not, and shall not permit any of their Restricted Subsidiaries to, agree to any material amendment to, or waive any of its material rights under, any Permit or Material Contract or enter into new Material Contract Contracts or Permits (it being understood that any Material Contracts which are covered by clause B or C below shall also be subject to the restrictions set forth therein) without in each case obtaining the prior written consent of Requisite Lenders if in any such case, such amendment or waiver or new Material Contract or Permit could reasonably be expected to have a Material Adverse Effect or otherwise adversely affect Lenders in any material respect.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

Modifications of Certain Operative Documents and Permits; New Material Contracts or Permits. The Borrowers shall not, and shall not permit any of their Restricted Subsidiaries to, agree to any material amendment to, or waive any of its material rights under, any Permit or Material Contract or enter into new Material Contract Contracts (other than Project Documents permitted by, and in accordance with the terms of, the Disbursement Agreement and the Cooperation Agreement) or Permits (it being understood that any Material Contracts which are covered by clause B or C below shall also be subject to the restrictions set forth therein) without in each case obtaining the prior written consent of Requisite Lenders if in any such case, such amendment or waiver or new Material Contract or Permit could reasonably be expected to have a Material Adverse Effect or otherwise adversely affect Lenders in any material respect.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Corp)

Modifications of Certain Operative Documents and Permits; New Material Contracts or Permits. Borrowers Borrower shall not, and shall not permit any of their its Subsidiaries to, agree to any material amendment to, or waive any of its material rights under, any Permit or Material Contract or enter into new Material Contract or Permits (it being understood that any Material Contracts which are covered by clause B or C below shall also be subject to the restrictions set forth therein) without in each case obtaining the prior written consent of Requisite Lenders if in any such case, such amendment or waiver or new Material Contract or Permit could reasonably be expected to have a Material Adverse Effect or otherwise adversely affect Lenders in any material respect.

Appears in 1 contract

Samples: Credit Agreement (Las Vegas Sands Inc)

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Modifications of Certain Operative Documents and Permits; New Material Contracts or Permits. The Borrowers shall not, and shall not permit any of their Subsidiaries to, agree to any material amendment to, or waive any of its material rights under, any Permit or Material Contract or enter into any new Material Contract Contracts or Permits (it being understood that any Material Contracts which are covered by clause B section 6.21(b) or C below (c) shall also be subject to the restrictions set forth therein) without in each case obtaining the prior written consent of the Requisite Lenders if if, in any such case, such amendment or waiver or new Material Contract or Permit could reasonably be expected to have a Material Adverse Effect or otherwise adversely affect the Lenders in any material respect.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Grand Canal Shops Mall Construction LLC)

Modifications of Certain Operative Documents and Permits; New Material Contracts or Permits. Borrowers shall not, and shall not permit any of their Subsidiaries to, agree to any material amendment to, or waive any of its material rights under, any Permit or Material Contract Operative Document or enter into new Material Contract or Permits (it being understood that any Material Contracts which are covered by clause B B. or C C. below shall also be subject to the restrictions set forth therein) without in each case obtaining the prior written consent of Requisite Lenders Lender if in any such case, such amendment or waiver or new Material Contract or Permit could reasonably be expected to have a Material Adverse Effect or otherwise adversely affect Lenders Lender in any material respect.

Appears in 1 contract

Samples: Credit Agreement (Grand Canal Shops Mall Construction LLC)

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