Common use of Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc Clause in Contracts

Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc. Directly or indirectly: (i) make (or give any notice in respect of), or permit any Credit Party to make (or give any notice in respect of), any voluntary or optional payment or prepayment on or redemption or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or similar event of, any outstanding Subordinated Indebtedness, except as otherwise permitted by this Agreement; or (ii) terminate, amend, modify or change any of its, or allow any Credit Party to terminate, amend, modify or change any of its (1) Organizational Documents (including by the filing or modification of any certificate of designation) (2) any agreement to which it is a party with respect to its Capital Stock (including any stockholders’ agreement), or enter into any new agreement with respect to its Capital Stock or (3) contracts evidencing Indebtedness or other material contracts, other than, in each case, any such amendments, modifications or changes or such new agreements which do not have a Material Adverse Effect and are not adverse in any material respect to the interests of the Lenders.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Columbia Pipeline Group, Inc.), Revolving Credit Agreement (Columbia Pipeline Group, Inc.), Revolving Credit Agreement (Columbia Pipeline Partners LP)

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Prepayments of Other Indebtedness; Modifications of Organizational Documents and Other Documents, etc. Directly or indirectly: (i) make (or give any notice in respect of), or permit any Credit Party to make (or give any notice in respect of), any voluntary or optional payment or prepayment on or redemption or acquisition for value of, or any prepayment or redemption as a result of any asset sale, change of control or similar event of, any outstanding Subordinated Indebtedness, except as otherwise permitted by this Agreement; or (ii) terminate, amend, modify or change any of its, or allow any Credit Party to terminate, amend, modify or change any of its its (1) Organizational Documents (including by the filing or modification of any certificate of designation) (2) any agreement to which it is a party with respect to its Capital Stock (including any stockholders’ agreement), or enter into any new agreement with respect to its Capital Stock or (3) contracts evidencing Indebtedness or other material contracts, other than, in each case, any such amendments, modifications or changes or such new agreements which do not have a Material Adverse Effect and are not adverse in any material respect to the interests of the Lenders.

Appears in 1 contract

Samples: Revolving Credit Agreement

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