Common use of Modifications to Subordinated Debt Documents Clause in Contracts

Modifications to Subordinated Debt Documents. Until the Senior Debt has been Paid in Full, and notwithstanding anything to the contrary contained in the Subordinated Debt Documents, Subordinated Creditor shall not, without the prior written consent of Agent and Senior Lenders, agree to any amendment, modification or supplement to the Subordinated Debt Documents the effect of which is to (a) increase the maximum principal amount of the Subordinated Debt or rate of interest (or cash pay rate of interest) on any of the Subordinated Debt, (b) change the dates upon which payments of principal or interest on the Subordinated Debt are due, (c) change or add any event of default or any covenant with respect to the Subordinated Debt, (d) change any redemption or prepayment provisions of the Subordinated Debt, (e) alter the subordination provisions with respect to the Subordinated Debt, including, without limitation, subordinating the Subordinated Debt to any other indebtedness, (f) take or perfect any other liens or security interests in any assets of the Company or any guarantor of the Subordinated Debt or (g) change or amend any other term of the Subordinated Debt Documents if such change or amendment would increase the obligations of the Company or any guarantor of the Subordinated Debt or confer additional material rights on Subordinated Creditor or any other holder of the Subordinated Debt in a manner adverse to the Company, any such guarantor or Senior Lenders.

Modifications to Subordinated Debt Documents. Until the Senior Debt has been Paid indefeasibly paid in Fullfull in cash and any lending commitments under the Senior Debt Documents have terminated, and notwithstanding anything to the contrary contained in the Subordinated Debt Documents, Subordinated Creditor shall not, without the prior written consent of Agent and Senior LendersLender, agree to any amendment, modification or supplement to the Subordinated Debt Documents the effect of which is to (a) increase the maximum principal amount of the Subordinated Debt or rate of interest (or cash pay rate of interest) on any of the Subordinated Debt, (b) change the dates upon which payments of principal or interest on the Subordinated Debt are due, (c) change or add any event of default or any covenant with respect to the Subordinated Debt, (d) change any redemption or prepayment provisions of the Subordinated Debt, (e) alter the subordination provisions with respect to the Subordinated Debt, including, without limitation, subordinating the Subordinated Debt to any other indebtedness, (fb) take or perfect any other liens or security interests in any assets of Maker, the Company or any other guarantor of the Subordinated Debt or (gc) change or amend any other term of the Subordinated Debt Documents if such change or amendment would result in a Senior Default, increase the obligations of the Company or any guarantor of the Subordinated Debt or confer additional material rights on Subordinated Creditor or any other holder of the Subordinated Debt in a manner adverse to the Company, any such guarantor or Senior LendersLender.

Modifications to Subordinated Debt Documents. Until all of the Senior Debt has been Paid paid in Fullfull, and notwithstanding anything to the contrary contained in the Subordinated Debt DocumentsNote, Companies and Subordinated Creditor shall not, without the prior written consent of Agent and Senior LendersAgent, agree to any amendment, modification or supplement to the any Subordinated Debt Documents Document the effect of which is to (a) increase the maximum principal amount of the Subordinated Debt or rate of interest (or required cash pay rate of interest) on any of the Subordinated Debt, (b) change the dates upon which payments of principal or interest on the Subordinated Debt are duedue to an earlier date, (c) change or add any event of default or any covenant with respect to the Subordinated Debt, (d) change any redemption or prepayment provisions of the Subordinated Debt, (ed) alter the subordination provisions with respect to the Subordinated Debt, including, without limitation, subordinating the Subordinated Debt to any other indebtednessIndebtedness, (fe) take or perfect any other liens or security interests in any assets of the any Company or any guarantor of the Subordinated Debt Debt, (f) change or add any default or event of default or any covenant with respect to the Subordinated Debt, or (g) change or amend any other term of the Subordinated Debt Documents if such change or amendment would (i) result in a Senior Default, increase the obligations of the any Company or any guarantor of the Subordinated Debt or (ii) confer additional material rights on Subordinated Creditor or any other holder of the Subordinated Debt in a manner adverse to the Company, any such guarantor or Senior Lenders.

Modifications to Subordinated Debt Documents. Until the Senior Debt has Obligations have been Paid in Paid-In-Full, and notwithstanding anything to the contrary contained in the Subordinated Debt Documents, the Subordinated Creditor shall not, without the prior written consent of Agent and the Senior LendersAgent, agree to any amendment, modification or supplement to the Subordinated Debt Documents the effect of which is to (ai) increase the maximum principal amount of the Subordinated Debt or rate of interest (or cash pay rate of interest) on any of the Subordinated Debt, (bii) change the dates upon which payments of principal or interest on the Subordinated Debt are due, (ciii) change or add any event of default or any covenant with respect to the Subordinated DebtDebt or make any change to any event of default or covenant which would have the effect of making such event of default or covenant more restrictive, (div) change any redemption or prepayment provisions of the Subordinated Debt, (ev) alter (or purport or attempt to alter) the subordination provisions with respect to the Subordinated Debt, including, without limitation, subordinating the Subordinated Debt to any other indebtedness, (fvi) take or perfect change any collateral therefor (other liens or security interests in any assets than to release collateral), (vii) contravene the provisions of the Company or any guarantor of the Subordinated Debt this Agreement) or (gviii) change or amend any other term of the Subordinated Debt Documents if such change or amendment would result in a Senior Debt Default, increase the obligations of the Company or any guarantor of the Subordinated Debt Obligor or confer additional material rights on such Subordinated Creditor or any other holder of the Subordinated Debt in a manner adverse to the Company, any such guarantor Obligor or Senior LendersObligor or the Senior Creditors.

Modifications to Subordinated Debt Documents. Until the Senior Debt has been Paid in Full, and notwithstanding anything to the contrary contained in the Subordinated Debt Documents, the Subordinated Creditor Creditors shall not, without the prior written consent of Agent and Senior LendersAgent, agree to any amendment, modification or supplement to the Subordinated Debt Documents the effect of which is to (a) increase the maximum principal amount of the Subordinated Debt Debt, or increase the rate of interest (or paid in cash pay rate of interest) on any of the Subordinated DebtDebt by more than 200 basis points or the total rate of interest paid in cash or in kind on any of the Subordinated Debt by more than 500 basis points, (b) change the dates upon which payments of principal or interest on the Subordinated Debt are due, (c) change or add any event of default or any covenant with respect to the Subordinated DebtDebt (except as provided in Section 3.1 above), (d) change any redemption or prepayment provisions of the Subordinated Debt, (e) alter the subordination provisions with respect to the Subordinated Debt, including, without limitation, subordinating the Subordinated Debt to any other indebtedness, (f) take or perfect any other liens or security interests in any assets of the Company Companies or any guarantor of the Subordinated Debt or (g) change or amend any other term of the Subordinated Debt Documents if such change or amendment would increase the obligations of the Company or any guarantor of the Subordinated Debt or confer additional material rights on Subordinated Creditor or any other holder of the Subordinated Debt result in a manner adverse to the Company, any such guarantor or Senior LendersDefault.