No Amendment to Senior Loan Documents Sample Clauses

No Amendment to Senior Loan Documents. Without obtaining the prior written consent of Lender, Borrower shall not cause or permit Senior Borrower to (i) enter into any amendment or modification of any of the Senior Loan Documents, (ii) grant to Senior Lender any consent or waiver or (iii) exercise any remedy available to Senior Borrower under the Senior Loan Documents or any right or election under the Senior Loan Documents. Borrower shall cause Senior Borrower to provide Lender with a copy of any amendment or modification to the Senior Loan Documents within five days after the execution thereof.
Sample 1
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No Amendment to Senior Loan Documents. Without obtaining the prior written consent of Lender, Borrower shall not cause or permit Owner to enter into any amendment or modification of any of the Senior Loan Documents that would be a Prohibited Senior Loan Amendment, except for those amendments or modifications (“Permitted Senior Loan Amendments”) that are (x) required under the Senior Loan Documents or that Owner is required to consent to thereunder pursuant to the express terms of the Senior Loan Documents, (y) which do not constitute a Prohibited Senior Loan Amendment, or (z) are otherwise consented to by Lender (not to be unreasonably withheld, conditioned or delayed). As used herein, a “Prohibited Senior Loan Amendment” shall mean an amendment or modification to the Senior Loan Documents that (A) is reasonably likely to have a material adverse effect on Borrower, Owner, the Property or the Collateral, or (B) which (1) increases the principal amount of the Senior Loan, (2) increases the interest rate payable under the Senior Loan, (3) provides for the payment of any additional interest, additional fees, increases the amount of or adds additional reserve payments or increases the amount of or adds additional escrows, or otherwise increases any monetary obligations under the Senior Loan, (4) increases the frequency or payment amount of the periodic principal installments under the Senior Loan, (5) modifies the recourse carveout obligations under the Senior Loan Documents in a manner which increases or expands recourse liability, (6) modifies the due-on-sale, due-on-encumbrance, or collateral release provisions of the Senior Loan Documents, (7) modifies the provisions governing requirements with respect to the Independent Managers under the Senior Loan Documents in a manner materially adverse to Senior Lender, (8) adds material additional obligations, liabilities or indemnities on the part of Owner, Guarantors or Borrower, (9) modify or amend any default provision (other than waivers of defaults), (10) shortens the maturity date of the Senior Loan or extends the maturity date of the Senior Loan beyond the scheduled maturity date (except in connection with any work-out or other surrender, compromise, release, renewal, or indulgence relating to the Senior Loan), (11) waives or modifies any provisions related to the use of Net Proceeds under the Senior Loan Documents, (12) modifies any provisions of the Senior Loan Documents related to the funding of escrows or cash management, (13) decreases or mat...
Sample 1

Related to No Amendment to Senior Loan Documents

  • Amendment to Loan Documents The Borrower shall not amend any of the Loan Documents except pursuant to the applicable terms thereof and Section 12.5 of this Agreement.

  • No Amendment to Charter 3.26.1. Prior to the closing of a Business Combination, the Company covenants and agrees it will not seek to amend or modify its amended and restated certificate of incorporation without the prior approval of its Board of Directors and the affirmative vote of at least 65% of the voting power of the Common Stock.

  • Modification of Loan Documents, etc Neither the Administrative Agent nor any other Secured Party shall incur any liability to any Guarantor as a result of any of the following, and none of the following shall impair or release this Guaranty or any of the obligations of any Guarantor under this Guaranty:

  • Amendment to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Amendment of Loan Documents Grantor authorizes Bank, without notice or demand and without affecting its liability hereunder, from time to time to (a) renew, extend, or (with the approval of Borrower) otherwise change the terms of any Loan Document, or any part thereof; (b) take and hold security for the payment of any Loan Document, and exchange, enforce, waive and release any such security; and (c) apply such security and direct the order or manner of sale thereof as Bank in its sole discretion may determine.

  • Modifications to Loan Documents Except as otherwise provided in Section 9.02(b) or 9.02(c) with respect to this Agreement, the Administrative Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Loan Documents; provided that, without the prior consent of each Lender, the Administrative Agent shall not (except as provided herein or in the Security Documents) release all or substantially all of the Collateral or otherwise terminate all or substantially all of the Liens under any Security Document providing for collateral security, agree to additional obligations being secured by all or substantially all of such collateral security, or alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Security Documents with respect to all or substantially all of the Collateral, except that no such consent shall be required, and the Administrative Agent is hereby authorized, to release any Lien covering property that is the subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders have consented.

  • Effect of Amendment and Restatement of the Existing Credit Agreement On the Closing Date, the Existing Credit Agreement shall be amended and restated in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation or termination of the “Obligations” (as defined in the Existing Credit Agreement) under the Existing Credit Agreement as in effect immediately prior to the Closing Date and which remain outstanding and (b) the “Obligations” (as amended and restated hereby and which are hereinafter subject to the terms herein) are in all respects continuing.

  • Modification of Loan Documents At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply:

  • Modification, Amendment and Waiver The authority of the Trustees hereunder to authorize the Trust to enter into contracts or other agreements or arrangements shall include the authority of the Trustees to modify, amend, waive any provision of supplement, assign all or a portion of, novate, or terminate such contracts, agreements or arrangements. The enumeration of any specific contracts in this Section 5.12 shall in no way be deemed to limit the power and authority of the Trustees as otherwise set forth in this Declaration of Trust to authorize the Fund to engage, contract with or make payments to such Persons as the Trustees may deem desirable for the transaction of the business of the Fund.

  • Amendment as Loan Document This Amendment shall constitute a Loan Document.

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