Common use of Organizational Documents, Material Agreements Clause in Contracts

Organizational Documents, Material Agreements. (a) Each Obligor will not enter into any amendment to or modification of any Organizational Document without the prior written consent of the Administrative Agent. (b) Each Obligor will not (i) enter into any material waiver, amendment or modification of any Material Agreement (including, but not limited to, any amendments to provisions relating to pricing and term) that would be reasonably expected to adversely affect the Lenders in any material respect or (ii) take or omit to take any action that results in the termination of, or permits any other Person to terminate, any Material Agreement or Material Intellectual Property that would be reasonably expected to have a Material Adverse Effect, without, in each case, the prior written consent of the Administrative Agent, such consent not to be unreasonably withheld or delayed. (c) Each Obligor will not enter into any amendment to or modification of the Xxxx Leases, which is less favorable to the Obligors, without the prior written consent of the Administrative Agent. (d) Each AIB Credit Party will not enter into any amendment to or modification of the AIB Facilities Letter or AIB Facility 3 without the prior written consent of the Administrative Agent. (e) Each Obligor will not enter into any amendment to or modification of the Investor Convertible Note that is in violation of the Investor Subordination Agreement without the prior written consent of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Trinity Biotech PLC)

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Organizational Documents, Material Agreements. (a) Each Obligor will not enter into any amendment to or modification of any Organizational Document without the prior written consent of the Administrative Agent. (b) Each Obligor will not (i) enter into any material waiver, amendment or modification of any Material Agreement (including, but not limited to, any amendments to provisions relating to pricing and term) that would be reasonably expected to adversely affect the Lenders in any material respect or (ii) take or omit to take any action that results in the termination of, or permits any other Person to terminate, any Material Agreement or Material Intellectual Property that would be reasonably expected to have a Material Adverse Effect, without, in each case, the prior written consent of the Administrative Agent, such consent not to be unreasonably withheld or delayed. (c) Each Obligor will not enter into any amendment to or modification of the Xxxx Leases, which is less favorable to the Obligors, without the prior written consent of the Administrative Agent. (d) Each Other than to effectuate the transactions pursuant to Section 6.02(l), each AIB Credit Party will not enter into any amendment to or modification of the AIB Facilities Letter or AIB Facility 3 without the prior written consent of the Administrative Agent. (e) Each Obligor will not enter into any amendment to or modification of the Investor Convertible Note that is in violation of the Investor Subordination Agreement without the prior written consent of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Trinity Biotech PLC)

Organizational Documents, Material Agreements. (a) Each Obligor will not enter into any amendment to or modification of any Organizational Document without the prior written consent of the Administrative Agent. (b) Each Obligor will not (i) enter into any material waiver, amendment or modification of any Material Agreement (including, but not limited to, any amendments to provisions relating to pricing and term) that would be reasonably expected to adversely affect the Lenders in any material respect or (ii) take or omit to take any action that results in the termination of, or permits any other Person to terminate, any Material Agreement or Material Intellectual Property that would be reasonably expected to have a Material Adverse Effect, without, in each case, the prior written consent of the Administrative Agent, such consent not to be unreasonably withheld or delayed. (c) Each Obligor will not enter into any amendment to or modification of the Xxxx Leases, which is less favorable to the Obligors, without the prior written consent of the Administrative Agent. (d) Each Other than to effectuate the transactions pursuant to Section 6.02(l), each AIB Credit Party will not enter into any amendment to or modification of the AIB Facilities Letter or AIB Facility 3 without the prior written consent of the Administrative Agent. (e) Each Obligor will not enter into any amendment to or modification of the Investor Convertible Note that is in violation of the Investor Subordination Agreement without the prior written consent of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Trinity Biotech PLC)

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Organizational Documents, Material Agreements. (a) Each Obligor will not enter into any amendment to or modification of any Organizational Document without the prior written consent of the Administrative Agent. (b) Each Obligor will not (i) enter into any material waiver, amendment or modification of any Material Agreement (including, but not limited to, any amendments to provisions relating to pricing and term) that would be reasonably expected to adversely affect the Lenders in any material respect or (ii) take or omit to take any action that results in the termination of, or permits any other Person to terminate, any Material Agreement or Agreement, Material Intellectual Property or Material WaveForm IP that would be reasonably expected to have a Material Adverse Effect, without, in each case, the prior written consent of the Administrative Agent, such consent not to be unreasonably withheld or delayed. (c) Each Obligor will not enter into any amendment to or modification of the Xxxx Leases, which is less favorable to the Obligors, without the prior written consent of the Administrative Agent. (d) Each AIB Credit Party will not enter into any amendment to or modification of the AIB Facilities Letter or AIB Facility 3 without the prior written consent of the Administrative Agent. (e) Each Obligor will not enter into any amendment to or modification of the Investor Convertible Note that is in violation of the Investor Subordination Agreement without the prior written consent of the Administrative Agent. (e) Each Obligor will not enter into any material waiver, amendment or modification of the Effective Date Acquisition Agreement or the Waveform Slovenia Side Agreement (including, but not limited to, any amendments to provisions relating to pricing, term and any contingent payments) that would be reasonably expected to adversely affect the Lenders in any material respect, without, in each case, the prior written consent of the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Trinity Biotech PLC)

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