Common use of Modifications of Organizational Documents Clause in Contracts

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any other Loan Party 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 materially adverse to the interest of the Administrative Agent, the Issuing Bank or the Lenders with respect to the Loans, or (b) could reasonably be expected to have a Material Adverse Effect.

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any other Loan Party or any other Subsidiary to, amend, supplement, restate or otherwise modify its articles or waive the application certificate of any provision of its certificate or articles of incorporation or formationincorporation, by-laws, operating agreement, declaration of trust, partnership agreement or other applicable organizational document if such amendment, supplement, restatement or other modification (a) is materially adverse to the interest of the Administrative Agent, the Issuing Bank or the Lenders with respect to the Loans, or (b) could reasonably be expected to impair the Trust’s ability to, directly or indirectly, control the acquisition, disposition, mortgage, pledge, encumbrance, hypothecation or exchange of any Eligible Unencumbered Properties or otherwise have a Material Adverse Effect.

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any other Loan Party 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 materially adverse in any material respect to the interest of the Administrative Agent, the Issuing Bank Banks or the Lenders with respect to the Loans, or (b) could reasonably be expected to have a Material Adverse Effect.

Modifications of Organizational Documents. The Parent and the Borrower shall not, and shall not permit any other Loan Party 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 materially adverse to the interest of the Administrative Agent, the any Issuing Bank or the Lenders with respect to the Loansany Lender in any material respect, (b) results in an Event of Default or (bc) could reasonably be expected to have a Material Adverse Effect.

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any other Loan Party or any other Subsidiary to, amend, supplement, restate or otherwise modify or waive the application of any provision provisions 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 materially could reasonably be expected to be adverse to the interest of the Administrative Agent, the Issuing Bank or the Lenders with in any material respect to the Loans, or (b) could reasonably be expected to have a Material Adverse Effect.

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any other Loan Party Party, the Parent or any other Subsidiary to, amend, supplement, restate or otherwise modify or waive the application of any provision provisions 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 materially could reasonably be expected to be adverse to the interest of the Administrative Agent, the Issuing Bank or the Lenders with in any material respect to the Loans, or (b) could reasonably be expected to have a Material Adverse Effect.

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any other Loan Party 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 materially adverse to the interest of the Administrative Agent, the Issuing Bank or the Lenders with respect to the Loans, or (b) could reasonably be expected to have a Material Adverse Effect.