Common use of Prohibition on Amendments to Organic Agreements Clause in Contracts

Prohibition on Amendments to Organic Agreements. Borrower will not amend, modify, restate, supplement, or terminate its certificate of incorporation or bylaws in any manner that would materially affect the validity and enforceability of the Obligations or Borrower's ability to borrow hereunder, or that would materially impair any security for the Obligations.

Appears in 3 contracts

Samples: Credit Loan Agreement (Crescent Operating Inc), Loan Agreement (Udc Homes Inc), Modification Agreement (Crescent Operating Inc)

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Prohibition on Amendments to Organic Agreements. Borrower will agrees not to amend, modify, restate, supplement, or terminate its certificate of incorporation or bylaws bylaws, articles of organization, operating agreement or partnership agreement, as applicable, in any manner that would materially affect the validity and enforceability of the Obligations or Borrower's ability to borrow hereunder, or that would materially impair any security for the Obligationscause a Material Adverse Change.

Appears in 1 contract

Samples: Credit Agreement (William Lyon Homes)

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