Common use of Modifications of Organizational Documents Clause in Contracts

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any of its Subsidiaries to, amend, supplement, restate or otherwise modify its articles or certificate of incorporation, 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 impair the rights of the Lenders, or otherwise have a Material Adverse Effect, without the prior written consent of the Agent, which may be withheld in the sole discretion of the Agent.

Modifications of Organizational Documents. The No Borrower shall, and no Borrower shall not, and shall not permit any of its Subsidiaries Subsidiary to, amend, supplement, restate or otherwise modify its certificate or articles of incorporation or certificate of incorporationformation, 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 impair the rights of the Lenders, or otherwise have a Material Adverse Effect, without the prior written consent of the Agent, which may be withheld in the sole discretion of the Agent.

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any of its Subsidiaries to, amend, supplement, restate or otherwise modify in any material respect its charter, articles of incorporation or certificate of incorporation, by-laws, operating agreement, declaration of trust, partnership agreement or other applicable organizational document if without the prior written consent of the Administrative Agent (which shall not be unreasonably withheld) unless such amendment, supplement, restatement or other modification could reasonably be expected to impair the rights is (a) required under or as a result of the Lenders, Internal Revenue Code or otherwise have other Applicable Law or (b) required to maintain the Chesapeake Lodging Trust’s status as a Material Adverse Effect, without the prior written consent of the Agent, which may be withheld in the sole discretion of the AgentREIT.

Modifications of Organizational Documents. The Borrower shall not, and shall not permit any of its Subsidiaries Continuing Subsidiary to, amend, supplement, restate or otherwise modify its articles or certificate of incorporation, 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 impair the rights of the Lenders, or otherwise have a Material Adverse Effect, without the prior written consent of the Agent, which may be withheld in the sole discretion of the Agent.