Common use of Modifications of Indebtedness, Organizational Documents and Certain Other Agreements; Etc Clause in Contracts

Modifications of Indebtedness, Organizational Documents and Certain Other Agreements; Etc. (a) Amend, modify or otherwise change (or permit the amendment, modification or other change in any manner of) any of the provisions of any of its or its Subsidiaries’ Indebtedness or of any instrument or agreement (including, without limitation, any purchase agreement, indenture, loan agreement or security agreement) relating to any such Indebtedness if such amendment, modification or change would shorten the final maturity or average life to maturity of, or require any payment to be made earlier than the date originally scheduled on, such Indebtedness, would increase the interest rate applicable to such Indebtedness, would add any covenant or event of default, of such Indebtedness, or would otherwise be adverse to the Secured Parties or the issuer of such Indebtedness in any respect. (b) Amend, modify or otherwise change any of its Governing Documents (including, without limitation, by the filing or modification of any certificate of designation, or any agreement or arrangement entered into by it) with respect to any of its Equity Interests (including any shareholders’ agreement), or enter into any new agreement with respect to any of its Equity Interests, except any such amendments, modifications or changes or any such new agreements or arrangements pursuant to this Section 7.14(b) that either individually or in the aggregate could not reasonably be expected to result in a Material Adverse Change or contravene any provision of Section 7.5. (c) Enter into, amend, modify or otherwise change any agreements or arrangements except any such amendments, modifications or changes or any such new agreements or arrangements that could not reasonably be expected to result in a Material Adverse Change.

Appears in 2 contracts

Samples: Loan and Guaranty Agreement (Safeguard Scientifics Inc), Loan and Guaranty Agreement (Safeguard Scientifics Inc)

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Modifications of Indebtedness, Organizational Documents and Certain Other Agreements; Etc. (ai) Amend, modify or otherwise change (or permit the amendment, modification or other change in any manner of) any of the provisions of any of its or its Subsidiaries’ Subordinated Indebtedness or of any instrument or agreement (including, without limitation, any purchase agreement, indenture, loan agreement or security agreement) relating to any such Indebtedness if such amendment, modification or change would shorten be, except to the final maturity extent permitted by the applicable subordination provisions thereof or average life to maturity ofany subordination agreement with respect thereto, or require any payment to be made earlier than the date originally scheduled on, such Indebtedness, would increase the interest rate applicable to such Indebtedness, would add any covenant or event of default, of such Indebtedness, or would otherwise be adverse to the Secured Parties Lenders in any material respect; (ii) make any payment, prepayment, redemption, defeasance, sinking fund payment or the issuer repurchase of such any Subordinated Indebtedness in violation of the subordination provisions thereof or any respect.subordination agreement with respect thereto; (biii) Amendamend, modify or otherwise change any of its Governing Documents (including, without limitation, by the filing or modification of any certificate of designation, or any agreement or arrangement entered into by it) with respect to any of its Equity Interests (including any shareholders’ agreement), or enter into any new agreement with respect to any of its Equity Interests, except any such amendments, modifications or changes or any such new agreements or arrangements pursuant to this Section 7.14(bclause (iii) that either individually or in the aggregate could not reasonably be expected to result in have a Material Adverse Change Effect, provided that no such amendment, modification or contravene change or new agreement or arrangement shall provide for any plan of division pursuant to Section 18-217 of the Delaware Limited Liability Company Act (or any similar statute or provision of Section 7.5.under applicable law); or (civ) Enter intoagree to any amendment, amendmodification or other change to or waiver of any of its rights under any Material Contract if such amendment, modify modification, change or otherwise change waiver would be adverse in any agreements or arrangements except material respect to any such amendments, modifications or changes Loan Party or any such new agreements of its Subsidiaries or arrangements that could not reasonably be expected to result in a Material Adverse Changethe Agents and the Lenders.

Appears in 1 contract

Samples: Financing Agreement (Colonnade Acquisition Corp. II)

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Modifications of Indebtedness, Organizational Documents and Certain Other Agreements; Etc. (ai) Amend, modify or otherwise change (or permit the amendment, modification or other change in any manner of) any of the provisions of any of its or its Subsidiaries’ Subordinated Indebtedness or of any instrument or agreement (including, without limitation, any purchase agreement, indenture, loan agreement or security agreement) relating to any such Indebtedness if such amendment, modification or change would shorten be, except to the final maturity extent permitted by the applicable subordination provisions thereof or average life to maturity ofany subordination agreement with respect thereto, or require any payment to be made earlier than the date originally scheduled on, such Indebtedness, would increase the interest rate applicable to such Indebtedness, would add any covenant or event of default, of such Indebtedness, or would otherwise be adverse to the Secured Parties Lenders or the issuer of such Indebtedness in any material respect.; (bii) Amendmake any payment, prepayment, redemption, defeasance, sinking fund payment or repurchase of any Subordinated Indebtedness in violation of the subordination provisions thereof or any subordination agreement with respect thereto; (iii) amend, modify or otherwise change any of its Governing Documents (including, without limitation, by the filing or modification of any certificate of designation, or any agreement or arrangement entered into by it) with respect to any of its Equity Interests (including any shareholders’ agreement), or enter into any new agreement with respect to any of its Equity Interests, except any such amendments, modifications or changes or any such new agreements or arrangements pursuant to this Section 7.14(bclause (iii) that either individually or in the aggregate could not reasonably be expected to result in have a Material Adverse Change Effect, provided that no such amendment, modification or contravene change or new agreement or arrangement shall provide for any plan of division pursuant to Section 18-217 of the Delaware Limited Liability Company Act (or any similar statute or provision of Section 7.5.under applicable law); or (civ) Enter intoagree to any amendment, amendmodification or other change to or waiver of any of its rights under any Material Contract if such amendment, modify modification, change or otherwise change waiver would be adverse in any agreements or arrangements except material respect to any such amendments, modifications or changes Loan Party or any such new agreements of its Subsidiaries or arrangements that could not reasonably be expected to result in a Material Adverse Changethe Agents and the Lenders.

Appears in 1 contract

Samples: Financing Agreement (Spire Global, Inc.)

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