Common use of Permitted Bond Documents Clause in Contracts

Permitted Bond Documents. The Borrower will not, and will not permit any other Credit Party to amend, modify or waive any provision of any Permitted 2013 Bond Document if the effect of such amendment, modification or waiver (a) subjects a Credit Party to any additional material obligation, (b) increases the principal of Permitted 0000 Xxxx Xxxx to an amount in excess of $400,000,000 or increases the rate of interest on any note evidencing Permitted 0000 Xxxx Xxxx, (c) accelerates the date fixed for any payment of principal or interest on any note evidencing the Permitted 0000 Xxxx Xxxx to a date sooner than the date therein so provided, or (d) would change the percentage of holders of such notes evidencing the Permitted 0000 Xxxx Xxxx required for any such amendment, modification or waiver from the percentage required on the date of issuance of any such notes evidencing the Permitted 0000 Xxxx Xxxx; provided that the Borrower may refinance Permitted 0000 Xxxx Xxxx to the extent permitted under Section 9.02(j).

Appears in 2 contracts

Samples: Credit Agreement (Eclipse Resources Corp), Credit Agreement (Eclipse Resources Corp)

AutoNDA by SimpleDocs

Permitted Bond Documents. The Borrower will not, and will not permit any other Credit Party to amend, modify or waive any provision of any Permitted 2013 2015 Bond Document if the effect of such amendment, modification or waiver (a) subjects a Credit Party to any additional material obligation, (b) increases the principal of Permitted 0000 Xxxx Xxxx to an amount in excess of $400,000,000 700,000,000 or increases the rate of interest on any note evidencing Permitted 0000 Xxxx Xxxx, (c) accelerates the date fixed for any payment of principal or interest on any note evidencing the Permitted 0000 Xxxx Xxxx to a date sooner than the date therein so provided, or (d) would change the percentage of holders of such notes evidencing the Permitted 0000 Xxxx Xxxx required for any such amendment, modification or waiver from the percentage required on the date of issuance of any such notes evidencing the Permitted 0000 Xxxx Xxxx; provided that the Borrower may (i) amend any Permitted 2015 Bond Document to add additional guarantors thereto as contemplated by the terms of such Permitted 2015 Bond Documents and as otherwise permitted by this Agreement and (ii) refinance Permitted 0000 Xxxx Xxxx to the extent permitted under Section 9.02(j).

Appears in 1 contract

Samples: Credit Agreement (Eclipse Resources Corp)

AutoNDA by SimpleDocs

Permitted Bond Documents. The Neither Ultimate Parent nor the Borrower will, nor will not, and will not they permit any other Credit Party to Group Member to, amend, modify or waive any provision of any Permitted 2013 Bond Document if the effect of such amendment, modification or waiver (a) subjects a Credit Party to any additional material obligation, (b) increases the principal of Permitted 0000 Xxxx Xxxx to an amount in excess of $400,000,000 plus the amount of interest thereon paid in kind in accordance with the terms of the Permitted 2013 Bond Documents or increases the rate of interest on any note evidencing Permitted 0000 Xxxx Xxxx, (c) accelerates the date fixed for any payment of principal or interest on any note evidencing the Permitted 0000 Xxxx Xxxx to a date sooner than the date therein so provided, or (d) would change the percentage of holders of such notes evidencing the Permitted 0000 Xxxx Xxxx required for any such amendment, modification or waiver from the percentage required on the date of issuance of any such notes evidencing the Permitted 0000 Xxxx Xxxx; provided that the Borrower may refinance Permitted 0000 Xxxx Xxxx to the extent permitted under Section 9.02(j).

Appears in 1 contract

Samples: Credit Agreement (Eclipse Resources Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!