Permitted Additional Indebtedness Documents Sample Clauses

Permitted Additional Indebtedness Documents. Each Loan Party and each Subsidiary of each Loan Party shall not enter into any one or more amendments, modifications, restatements, or the like of the Permitted Additional Indebtedness Documents containing covenants or events of default materially more restrictive than the covenants or Events of Default contained in this Agreement (a “ Modification Agreement”) unless no later than five (5) Business Days after entering into any such Modification Agreement, Borrower shall have irrevocably offered the Agent and the Banks to enter at any time into an amendment of this Agreement to add to this Agreement substantially similar covenants or Events of Default, as the case may be. The foregoing shall not be construed as: (i) a consent by the Agent or any Bank to any action or inaction otherwise restricted or prohibited by this Agreement, or (ii) a waiver by the Agent or any Bank of any Potential Default or Event of Default resulting from any Modification Agreement.

Permitted Additional Indebtedness Documents. Each Loan Party and each Subsidiary of each Loan Party shall not enter into any amendment or modification to or waiver or consent under (or solicit any such amendment, modification, waiver or consent) any of the Permitted Additional Indebtedness Documents that could reasonably be expected to be material and adverse to the Banks, as determined by the Required Banks in their reasonable discretion, without the prior written consent of the Required Banks. For the purposes of this Section 8.2.18.1, any amendment or modification to the amortization of the principal amount of the Permitted Additional Indebtedness shall not be considered material and adverse to the Banks and may be made without the prior written consent of any Bank.