Common use of Most Favored Covenant Status Clause in Contracts

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues or guarantees any Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 5 contracts

Samples: Pledge and Security Agreement (American Dental Partners Inc), Pledge and Security Agreement (American Dental Partners Inc), Credit Agreement (American Dental Partners Inc)

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Most Favored Covenant Status. If the Borrower or any Credit Party of its Subsidiaries at any time after the Closing DateDate enters into or modifies any Material Indebtedness Agreement, issues or guarantees any such that such Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to the Borrower or any Credit Partyof its Subsidiaries, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Standex International Corp/De/), Credit Agreement (Standex International Corp/De/), Credit Agreement (Standex International Corp/De/)

Most Favored Covenant Status. If any Credit Party one or more of the Borrowers at any time after the Closing Restatement Date, issues or guarantees any unsecured Indebtedness for money borrowed or represented by bonds, notes, debentures or similar securities in an aggregate amount exceeding $5,000,000 (50,000,000, to the extentany lender or group of lenders acting in concert with one another, if anyor one or more institutional investors, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that which would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that which are applicable to any Credit Partysuch Borrower or Borrowers, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower Holdings shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall shall, at the instruction of the Majority Lenders, so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein)Holdings, the BorrowerBorrowers, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Majority Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Majority Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 3 contracts

Samples: Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc)

Most Favored Covenant Status. If any Credit Party one or more of the Borrowers at any time after the Closing Date, issues or guarantees any unsecured Indebtedness denominated in Dollars for money borrowed or represented by bonds, notes, debentures or similar securities in an aggregate amount exceeding $5,000,000 (25,000,000, to the extentany lender or group of lenders acting in concert with one another, if anyor one or more institutional investors, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that which would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that which are applicable to any Credit Partysuch Borrower or Borrowers, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower Holdings shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall shall, at the instruction of the Majority Lenders, so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein)Holdings, the BorrowerBorrowers, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Majority Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Majority Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln Electric Holdings Inc), Credit Agreement (Lincoln Electric Holdings Inc)

Most Favored Covenant Status. If any Credit Party Should the Borrower at any time after the Closing Effective Date, issues issue or guarantees guarantee any unsecured Indebtedness for money borrowed or represented by bonds, notes, debentures or similar securities in an aggregate amount exceeding $5,000,000 (50,000,000, to the extentany lender or group of lenders acting in concert with one another, if anyor one or more institutional investors, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that which would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that which are applicable to any Credit Partythe Borrower, other than those set forth herein or in any of the other Credit Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that which either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Ferro Corp), Credit Agreement (Ferro Corp)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues Date enters into or guarantees modifies any Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, Agreement such that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, Material Indebtedness Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to any Credit Party, other Party and are more restrictive than those the covenants set forth herein or in any of the other Credit Loan Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a good faith determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Kona Grill Inc), Credit Agreement (Kona Grill Inc)

Most Favored Covenant Status. If (a) the Borrower or any Credit Party of its Subsidiaries at any time after the Closing Date, issues Effective Date enters into or guarantees modifies any Material Indebtedness Agreement in connection with Indebtedness which has or had an aggregate initial principal amount exceeding of $5,000,000 (to the extent, if any, that any such Credit Party is 50 million or more and was incurred and permitted to do so under Section 9.4 hereof7.2(l), and (b) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty such Material Indebtedness Agreement or other similar instrument, which agreement, indenture, guaranty or instrument, modification thereof includes affirmative or negative business or financial covenants (or any affirmative covenants that pertain to any matter governed by Section 7 or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to the Borrower or any Credit Partyof its Subsidiaries, other than those set forth herein or in any of the other Credit Loan Documents, then the Borrower shall promptly so notify the Administrative Agent and the Lenders in writing and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that such Material Indebtedness Agreement of the Borrower or any of the above-referenced documents or instruments contain its Subsidiaries contains any such provisions, provisions that either individually or in the aggregate, : (i) are materially more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein)herein and (ii) are materially more restrictive to the Borrower or its Subsidiaries than (A) any other Material Indebtedness Agreement entered into for Indebtedness incurred and permitted under Section 7.2(l) or (B) the provisions of that certain Multicurrency Note Purchase Agreement and Private Shelf Agreement, dated as of May 21, 2008, as amended, by and between the Borrower and Prudential Investment Management, Inc., the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Kadant Inc), Credit Agreement (Kadant Inc)

Most Favored Covenant Status. If any Credit Party Should the Borrower at any time after the Closing Effective Date, issues issue or guarantees guarantee any Indebtedness denominated in Dollars for money borrowed or represented by bonds, notes, debentures or similar securities in an aggregate amount exceeding $5,000,000 (10,000,000, to the extentany lender or group of lenders acting in concert with one another, if anyor one or more institutional investors, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that which would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that which are applicable to any Credit Partythe Borrower, other than those set forth herein or in any of the other Credit Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that which either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Om Group Inc), Credit Agreement (Om Group Inc)

Most Favored Covenant Status. If any Credit Loan Party at any time after the Closing Date, issues Date enters into or guarantees modifies any Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, Agreement such that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, Material Indebtedness Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to any Credit Loan Party, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower Representative shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower Representative (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the BorrowerBorrowers, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Gibraltar Industries, Inc.), Credit Agreement (Gibraltar Industries, Inc.)

Most Favored Covenant Status. If any Credit Party Should the Borrower at any time after the Closing Effective Date, issues issue or guarantees guarantee any unsecured Indebtedness denominated in U.S. dollars for money borrowed or represented by bonds, notes, debentures or similar securities in an aggregate amount exceeding $5,000,000 (10,000,000, to the extentany lender or group of lenders acting in concert with one another, if anyor one or more institutional investors, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that which would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that which are applicable to any Credit Partythe Borrower, other than those set forth herein or in any of the other Credit Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that which either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Hawk Corp), Credit Agreement (Fca of Ohio Inc)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Dateenters into, issues or guarantees shall have entered into, or modifies any Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, Agreement such that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, Material Indebtedness Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Loan Documents, the Administrative Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Administrative Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the BorrowerBorrowers, the Administrative Agent and the Required Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and or the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Gibraltar Industries, Inc.), Credit Agreement (Gibraltar Industries, Inc.)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues Date enters into or guarantees modifies any Material Indebtedness in an aggregate amount exceeding $5,000,000 Agreement (to the extent, if any, that other than any such Credit Party is Material Indebtedness Agreement permitted to do so under by Section 9.4 7.04 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, such that such Material Indebtedness Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Esco Technologies Inc)

Most Favored Covenant Status. If any Credit Party Should the Company at any time after the Closing Effective Date, issues issue or guarantees guarantee any unsecured Indebtedness denominated in Dollars for money borrowed or represented by bonds, notes, debentures or similar securities in an aggregate amount exceeding $5,000,000 (10,000,000, to the extentany lender or group of lenders acting in concert with one another, if anyor one or more institutional investors, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that which would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that which are applicable to any Credit Partythe Company, other than those set forth herein or in any of the other Credit Documents, the Borrower Company shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower Company (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that which either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the BorrowerCompany, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Om Group Inc)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues or guarantees any Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Documents, the Borrower Borrowers shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower Borrowers (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the BorrowerBorrowers, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Gibraltar Industries, Inc.)

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Most Favored Covenant Status. If any Credit Party Should the Company at any time after the Closing Effective Date, issues issue or guarantees guarantee any unsecured Indebtedness denominated in Dollars for money borrowed or represented by bonds, notes, debentures or similar securities in an aggregate amount exceeding $5,000,000 (10,000,000, to the extentany lender or group of lenders acting in concert with one another, if anyor one or more institutional investors, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that which would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that which are applicable to any Credit Partythe Company, other than those set forth herein or in any of the other Credit Documents, the Borrower Company shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower Company (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that which either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than that any of the provisions set forth herein), the BorrowerCompany, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Stoneridge Inc)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues Date enters into or guarantees modifies any Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, Agreement such that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, Material Indebtedness Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower Holdings shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower Holdings (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the BorrowerHoldings, the Administrative Agent and the Lenders shall promptly amend this Agreement within 30 days after such Material Indebtedness Agreement has been entered into or modified to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (American Medical Systems Holdings Inc)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues or guarantees any Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, that any such Credit Party is permitted to do so under Section 9.4 8.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Term Loan Agreement (American Dental Partners Inc)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues Date enters into or guarantees modifies any Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, Agreement such that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, Material Indebtedness Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders Lender and, if the Administrative Agent Lender shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders Lender that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent Borrower and the Lenders Lender shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required LendersLender, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required LendersLender, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required LendersLender.

Appears in 1 contract

Samples: Credit Agreement (Minrad International, Inc.)

Most Favored Covenant Status. If any Credit Party Should the Borrower at any time after the Closing Effective Date, issues issue or guarantees guarantee any unsecured Indebtedness denominated in U.S. dollars for money borrowed or represented by bonds, notes, debentures or similar securities in an aggregate amount exceeding $5,000,000 (5,000,000, to the extentany lender or group of lenders acting in concert with one another, if anyor one or more institutional investors, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that which would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any "put" or mandatory prepayment of such Indebtedness upon the occurrence of a "change of control") that which are applicable to any Credit Partythe Borrower, other than those set forth herein or in any of the other Credit Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that which either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Om Group Inc)

Most Favored Covenant Status. If the Borrower or any Credit Party of its Subsidiaries at any time after the Closing DateDate enters into or modifies any Material Indebtedness Agreement, issues or guarantees any such that such Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to the Borrower or any Credit Partyof its Subsidiaries, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Standex International Corp/De/)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues or guarantees any Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Documents, the Borrower Borrowers shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower Borrowers (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that either individually or in the aggregate, are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the BorrowerBorrowers, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Term Loan Agreement (Gibraltar Industries, Inc.)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues or guarantees any Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, instrument includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”) that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower Company shall promptly so notify the Administrative Global Agent and the Lenders and, if the Administrative Global Agent shall so request by written notice to the Borrower Company (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain any such provisions, that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the BorrowerCompany, the Administrative Global Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Global Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Global Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Global Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (American Greetings Corp)

Most Favored Covenant Status. If any Credit Party at any time after the Closing Date, issues Date enters into or guarantees modifies any Material Indebtedness in an aggregate amount exceeding $5,000,000 (to the extent, if any, Agreement such that any such Credit Party is permitted to do so under Section 9.4 hereof) pursuant to a loan agreement, credit agreement, note purchase agreement, indenture, guaranty or other similar instrument, which agreement, indenture, guaranty or instrument, Material Indebtedness Agreement includes affirmative or negative business or financial covenants (or any events of default or other type of restriction that would have the practical effect of any affirmative or negative business or financial covenant, including, without limitation, any “put” or mandatory prepayment of such Indebtedness upon the occurrence of a “change of control”Change in Control) that are applicable to any Credit Party, other than those set forth herein or in any of the other Credit Loan Documents, the Borrower shall promptly so notify the Administrative Agent and the Lenders and, if the Administrative Agent shall so request by written notice to the Borrower (after a determination has been made by the Required Lenders that any of the above-referenced documents or instruments contain such Material Indebtedness Agreement contains any such provisions, provisions that either individually or in the aggregate, aggregate are more favorable to the holders of such unsecured Indebtedness than any of the provisions set forth herein), the Borrower, the Administrative Agent and the Lenders shall promptly amend this Agreement to incorporate some or all of such provisions, in the discretion of the Administrative Agent and the Required Lenders, into this Agreement and, to the extent necessary and reasonably desirable to the Administrative Agent and the Required Lenders, into any of the other Credit Loan Documents, all at the election of the Administrative Agent and the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Viasys Healthcare Inc)

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