Modifications to Senior Debt Documents. Senior Lenders may at any time and from time to time without the consent of or notice to Subordinated Creditor, without incurring liability to Subordinated Creditor and without impairing or releasing the obligations of Subordinated Creditor under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to the Senior Debt.
Modifications to Senior Debt Documents. Senior Lenders may at any time and from time to time without the consent of or notice to the Subordinated Creditor, without incurring liability to the Subordinated Creditor and without impairing or releasing the obligations of the Subordinated Creditor under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to the Senior Debt; provided that, without the prior written consent of the Required Subordinated Creditor (as hereinafter defined), the Senior Lenders shall not agree to any amendment, modification or supplement to, or waiver or departure from, the Senior Debt Documents the effect of which is to (a) increase the principal of the Senior Debt to an amount in excess of the Senior Debt Limit, (b) increase the interest rate with respect to the Senior Debt by more than 300 basis points, except in connection with the imposition of a default rate of interest of up to 2.0% in accordance with the terms of the Senior Debt Documents, (c) extend the final maturity of the Senior Debt (as set forth in the Fourth Third Loan Documents in effect on the date hereof), except that the final maturity of the Senior Debt under each Senior Credit Agreement may be extended by up to two years, or (d) directly prohibit or restrict the payment of principal of, interest on, or other amounts payable with respect to, the Subordinated Debt, in a manner that is more restrictive then the prohibitions and restrictions currently contained in the Senior Credit Agreements.
Modifications to Senior Debt Documents. Senior Lenders may at any time and from time to time without the consent of or notice to the Subordinated Creditors, without incurring liability to the Subordinated Creditors and without impairing or releasing the obligations of the Subordinated Creditors under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend or modify in any manner the Senior Debt Documents; provided that Senior Lenders shall not amend or modify the Senior Debt Documents to (a) increase the principal amount of the Senior Debt (except as permitted by the definition of Senior Debt herein), (b) increase the interest rate margins, letter of credit fees and unused revolving commitment fees (including the imposition of any interest rate floors or any increases thereof) with respect to the Senior Debt (excluding the Secured Hedging Obligations and Bank Product Obligations) by more than 200 basis points per annum, excluding the imposition of a default rate of interest in accordance with the terms of the Senior Debt Documents, (c) extend the final maturity of the Senior Debt (as set forth in the GECC Loan Documents in effect on the date hereof) by more than one year, (d) shorten the scheduled amortization of any portion of the Senior Debt (as set forth in the GECC Loan Documents in effect on the date hereof), (e) expressly prohibit or restrict payment of the Subordinated Debt in a manner that is more restrictive than as at the date hereof, (f) add any new or make more restrictive any negative covenant, financial covenant or “Event of Default” under any Senior Debt Document except to the extent, prior to or concurrently with any such change, the Companies have offered to amend or modify the Subordinated Debt Documents to modify or add the same negative covenant, financial covenant or “Event of Default” to the extent the corresponding provisions of the Senior Debt Documents have been amended or modified with appropriate differences in covenant levels and thresholds consistent with the differences existing on the date hereof between the Senior Debt Documents and the Subordinated Debt Documents; provided, that the Company shall not be required to offer such changes to the Subordinated Debt Documents to the extent such changes to the Senior Debt Documents relate to collateral, collateral reporting, revolving loans, borrowing base formulas or other provisions that have no comparable provisions in the Su...
Modifications to Senior Debt Documents. Agent and Lenders may at any time and from time to time without the consent of or notice to any Subordinated Creditor, without incurring liability to any Subordinated Creditor and without impairing or releasing the obligations of any Subordinated Creditor under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to the Senior Debt.
Modifications to Senior Debt Documents. Senior Lender Parties may at any time and from time to time without the consent of or notice to the Guarantied Party, without incurring liability to the Guarantied Party and without impairing or releasing the obligations of the Guarantied Party under this Section 5, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to the Senior Debt.
Modifications to Senior Debt Documents. Senior Lenders may at any time and from time to time without the consent of or notice to Subordinated Creditor, without incurring liability to Subordinated Creditor and without impairing or releasing the obligations of Subordinated Creditor under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to the Senior Debt; provided that the Senior Lenders shall not (a) increase the Senior Debt (or the aggregate commitments (if any) for the Senior Debt), by more than $5,000,000; or (b) increase the interest rate with respect to the Senior Debt by more than 200 basis points, except in connection with the imposition of a default rate of interest in accordance with the terms of the Senior Debt Documents; or (c) extend the final maturity of the Senior Debt (as set forth in the Senior Loan Documents in effect on the date hereof) by more than two years.
Modifications to Senior Debt Documents. Senior Lenders may at any time and from time to time without the consent of or notice to any Subordinated Creditor, without incurring liability to any Subordinated Creditor and without impairing or releasing the obligations of any Subordinated Creditor under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to the Senior Debt; provided that Senior Lenders shall not (a) increase the Senior Debt, (b) increase the interest rate with respect to the Senior Debt by more than 200 basis points, except in connection with (i) the imposition of a default rate of interest in accordance with the terms of the Senior Debt Documents or (ii) the imposition of market interest rate in respect of any Permitted Refinancing Senior Debt, (c) directly prohibit or restrict the payment of principal of, interest on, or other amounts payable with respect to, the Subordinated Debt, in a manner that is more restrictive then the prohibitions and restrictions currently contained in the Credit Agreement, (d) extend the final maturity date or any other scheduled payment date for principal, interest or any other amount in respect of the Senior Debt (as set forth in the Madison Loan Documents in effect on the date hereof) by more than 180 days, or (e) shorten the amortization of any portion of the Senior Debt (as set forth in the Madison Loan Documents in effect on the date hereof).
Modifications to Senior Debt Documents. Senior Agent and the other Senior Lender Parties may at any time and from time to time without the consent of or notice to the Subordinated Creditor, without incurring liability to the Subordinated Creditor and without impairing or releasing the obligations of the Subordinated Creditor under this Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing at otherwise relating to the Senior Debt in accordance with the terms set forth in the Senior Debt Documents; provided that without the prior written consent of the Subordinated Creditor, the Senior Debt Documents shall not be amended so as to:
(a) contravene the provisions of this Agreement; or
(b) modify any provision of the Senior Debt Documents to further restrict the Borrower or any Company from making any payments under the Subordinated Debt Documents in addition to those in existence on the date hereof.
Modifications to Senior Debt Documents. Subject to the terms of the Senior Debt Documents, Senior Lender may at any time and from time to time without the consent of or notice to the Subordinate Lender, without incurring liability to the Subordinate Lender and without impairing or releasing the obligations of the Subordinate Lender under this Subordination Agreement, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend, restate, or otherwise modify in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to the Senior Debt.
Modifications to Senior Debt Documents. Any holder of Senior Debt may at any time and from time to time without the consent of or notice to the Holder, without incurring liability to the Holder and without impairing or releasing the obligations of the Holder under this Note, change the manner or place of payment or extend the time of payment of or renew or alter any of the terms of the Senior Debt, or amend in any manner any agreement, note, guaranty or other instrument evidencing or securing or otherwise relating to the Senior Debt.
