Common use of Modifications to Credit Security Clause in Contracts

Modifications to Credit Security. Except with the prior -------------------------------- written consent of the Agent, no Obligor shall amend or modify, or waive any of its rights under or with respect to, any Pledged Securities if the effect of such amendment, modification or waiver would be to reduce the amount of any such items or to extend the time of payment thereof, to waive any default by any other party thereto, or to waive or impair any remedies of the Obligors or the Lenders under or with respect to any Pledged Securities, in each case other than consistent with past practice in the ordinary course of business and on an arm's-length basis. Each Obligor will promptly give the Agent written notice of any request by any Person for any credit or adjustment with respect to any Pledged Securities.

Modifications to Credit Security. Except with the prior -------------------------------- written consent of the Collateral Agent, no Obligor shall amend or modify, or waive any of its rights under or with respect to, any Pledged Securities if the effect of such amendment, modification or waiver would be to reduce the amount of any such items or to extend the time of payment thereof, to waive any default by any other party thereto, or to waive or impair any remedies of the Obligors or the Lenders under or with respect to any Pledged Securities, in each case other than consistent with past practice in the ordinary course of business and on an arm'sarm’s-length basis. Each Obligor will promptly give the Collateral Agent written notice of any request by any Person for any credit or adjustment with respect to any Pledged Securities.

Modifications to Credit Security. Except with the prior -------------------------------- written consent of the Agent, no Obligor shall amend or modify, or waive any of its rights under or with respect to, any Pledged Securities if the effect of such amendment, modification or waiver would be to reduce the amount of any such items or to extend the time of payment thereof, to waive any default by any other party thereto, or to waive or impair any remedies of the Obligors or the Lenders under or with respect to any Pledged Securities, in each case other than consistent with past practice in the ordinary course of business and on an arm's-length basis. Each Obligor will promptly give the Agent written notice of any request by any Person for any credit or adjustment with respect to any Pledged Securities.