Common use of Modifications of Organizational Documents and Material Contracts Clause in Contracts

Modifications of Organizational Documents and Material Contracts. Neither the Parent nor the Borrower shall, and neither the Parent nor the Borrower shall permit any other Loan Party or, subject to Section 12.14., any other Subsidiary to, amend, supplement, restate or otherwise modify or waive the application of any provision of its certificate or articles of incorporation or formation, by-laws, operating agreement, declaration of trust, partnership agreement or other applicable organizational document if such amendment, supplement, restatement or other modification could reasonably be expected to have a Material Adverse Effect. Neither the Parent nor the Borrower shall enter into, and neither the Parent nor the Borrower shall permit any Loan Party or, subject to Section 12.14., any other Subsidiary to enter into, any amendment or modification to any Material Contract which could reasonably be expected to have a Material Adverse Effect or to give rise to a default in the performance of any obligations of any Loan Party or other Subsidiary in any Material Contract.

Modifications of Organizational Documents and Material Contracts. Neither the The Parent nor the Borrower shall, and neither the Parent nor the Borrower shall not, and shall not permit any other Loan Party or, subject to Section 12.14., or any other Subsidiary to, amend, supplement, restate or otherwise modify or waive the application of any provision of its certificate or articles of incorporation or formation, by-laws, operating agreement, declaration of trust, partnership agreement or other applicable organizational document if such amendment, supplement, restatement or other modification (a) is adverse to the interest of the Administrative Agent, the Issuing Bank or the Lenders or (b) could reasonably be expected to have a Material Adverse Effect. Neither the Parent nor the The Borrower shall not enter into, and neither the Parent nor the Borrower shall not permit any other Loan Party or, subject to Section 12.14., or any other Subsidiary to enter into, any amendment or modification to any Material Contract which could reasonably be expected to have a Material Adverse Effect or to give rise to a default in the performance of any obligations of any other Loan Party or other any Subsidiary in any Material ContractContract or permit any Material Contract to be canceled or terminated prior to its stated maturity.