No Amendments to Organizational Documents. TMM and each Seller shall not, and shall not permit its subsidiaries to, amend, supplement or terminate any of its certificate of incorporation, articles of association, by-laws, ACTA CONSTITUTIVA, ESTATUTOS SOCIALES, or other organizational or governing documents if such amendment, supplement or termination is reasonably likely to result in a Material Adverse Effect.
No Amendments to Organizational Documents. No Borrower shall amend or otherwise modify its by-laws, limited liability company agreement, certificate of incorporation, certificate of formation or similar document in any way which could reasonably be expected to materially adversely affect the interests of Administrative Agent or any Lender. No Leases. No Borrower shall enter into, or permit to exist, any leases, licenses, subleases, occupancy agreements, covenants (excluding covenants imposed under Environmental Law that constitute Permitted Liens of the type described in clause (b) of the definition thereof), options, rights of first refusal or first offer, termination rights, subleases or sublicenses or assignments of or in respect of any Property or any space related thereto. Management of the Properties. No Borrower shall enter into, or permit to exist, any management agreement for all or any portion of any Property. Alterations. No Borrower shall make any alterations or renovations to any Property the cost of which would reasonably be expected to result in a reduction of the fair market value of such Property in excess of the greater of (i) $500,000 and (ii) 5% of the appraised value of such Property (as set forth in the Appraisal of such Property delivered to the Administrative Agent on the Closing Date (or, in the case of any Specified Property, on the effective date of the applicable Incremental Amendment)) without the prior written consent of the Administrative Agent (not to be unreasonably withheld, conditioned or delayed). Prior to the commencement of any renovation or alteration requiring consent of the Administrative Agent (i) the Administrative Agent shall be permitted to request the plans and specifications for the renovations or alterations, (ii) the applicable plans with respect thereto shall have been approved by the applicable Borrower, (iii) to the extent required by Requirements of Law or any restrictive covenant, the applicable plans with respect thereto shall have been approved by all governmental authorities having or exercising jurisdiction over the applicable Property, and by the beneficiary of any restrictive covenant, as applicable, and (iv) such Borrower shall have obtained all permits required for the approved renovations or alterations. The Borrowers shall keep in effect all permits for the renovation or alteration of the Properties, and shall obtain such additional permits as may be necessary to proceed with the renovations or alterations of any Property. The Lead Bor...
No Amendments to Organizational Documents. Unless this Agreement is terminated prior to Closing, Seller shall not cause or permit the Trust, Property Manager or Riverside LLC to amend their respective organizational documents in any material respect except that the Trust shall be permitted to amend its Declaration of Trust to the extent necessary to permit the consummation of this Agreement and in form and substance provided to Purchaser as reasonably approved by Purchaser.
No Amendments to Organizational Documents. The Issuer will not cause or permit any of its organizational and charter documents to be modified, amended or supplemented in any respect whatever.
No Amendments to Organizational Documents. Neither Guarantor nor Seller will at any time cause or permit its Organizational Documents or any of their respective Subsidiaries’ Organizational Documents to be modified or supplemented in any respect that would materially and adversely affect Buyer’s rights hereunder and with respect to the Purchased Assets and under the other Repurchase Documents or affect in any material manner Seller’s or Guarantor’s ability to pay the Obligations when due.
No Amendments to Organizational Documents. No Credit Party shall make any amendments to its Organizational Documents without the consent of the Administrative Agent (acting on the instructions of the Majority Lenders, acting reasonably); provided that the Borrower may amend its Organizational Documents in order to effect any (i) consolidation of its issued and outstanding Stock; or (ii) split of its issued and outstanding Stock; provided further that such amendments do not adversely affect rights of the Administrative Agent and Lenders, in their capacity as such, under this Agreement or any other Loan Document.
No Amendments to Organizational Documents. Unless this Agreement is terminated prior to Closing, Seller shall not cause or permit the Transferred Companies, Illinois Manager or the Property Managers to amend their respective Organizational Documents in any material respect except that each Trust shall be permitted to amend its Declaration of Trust to the extent necessary to permit the consummation of this Agreement and in form and substance provided to Purchaser as reasonably approved by Purchaser.
No Amendments to Organizational Documents or this Agreement. The Company will not make any amendment or modification to, or waiver of any of the terms of, the Certificate or the LLC Agreement or this Agreement, without the prior written consent of each of the Lenders and the Investors.
