Common use of Specific Consent Requirements Clause in Contracts

Specific Consent Requirements. No amendment, waiver or consent shall: (A) increase the Commitment of any Lender hereunder or the amount of any Loans of any Lender, in any case, without such Lxxxxx’s written consent; (B) waive, extend or postpone the maturity of any Loan, the payment date of interest or scheduled principal hereunder, or the payment date of commitment fees payable hereunder, in any case without the written consent of each Lender directly and adversely affected thereby; (C) reduce the stated rate of interest on any Loan (provided that the waiver of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.3), or the amount of interest or scheduled principal due on any Loan, or reduce the stated rate of commitment fees payable hereunder or change the manner of pro rata application of any payments made by Borrowers to the Lenders hereunder, in each case, without the written consent of each Lender directly and adversely affected thereby, (D) change any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, in each case, without the consent of each Lender directly and adversely affected thereby; (E) release the US Borrower or any Domestic Guarantor of Payment or all or substantially all of the value of the Collateral securing the Secured Obligations, except in connection with a transaction specifically permitted hereunder, in each case, without the written consent of each Lender; or (F) amend this Section 11.3 or Section 8.5 or 8.7, in each case, without the written consent of each Lender directly and adversely affected thereby; or (1) release or subordinate all or substantially all of the Collateral or release or subordinate any Security Document (or any Lien created thereby) which would have the effect of releasing all or substantially all of the Collateral in any transaction or series of transactions or (2) subordinate, or have the effect of subordinating, the Obligations hereunder to any other Indebtedness or obligations, without the written consent of each Lender.

Appears in 1 contract

Samples: Credit Agreement (TTEC Holdings, Inc.)

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Specific Consent Requirements. No amendment, waiver or consent shall: (A) increase the Commitment of any Lender hereunder or the amount of any Loans of any Lender, in any case, without such LxxxxxLender’s written consent; (B) waive, extend or postpone the maturity of any Loan, the payment date of interest or scheduled principal hereunder, or the payment date of commitment fees payable hereunder, in any case without the written consent of each Lender directly and adversely affected thereby; (C) reduce the stated rate of interest on any Loan (provided that the waiver of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.3), or the amount of interest or scheduled principal due on any Loan, or reduce the stated rate of commitment fees payable hereunder or change the manner of pro rata application of any payments made by Borrowers to the Lenders hereunder, in each case, without the written consent of each Lender directly and adversely affected thereby, (D) change any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, in each case, without the consent of each Lender directly and adversely affected thereby; (E) release the US Borrower or any Domestic Guarantor of Payment or all or substantially all of the value of the Collateral securing the Secured Obligations, except in connection with a transaction specifically permitted hereunder, in each case, without the written consent of each Lender; or (F) amend this Section 11.3 or Section 8.5 or 8.7, in each case, without the written consent of each Lender directly and adversely affected thereby; or (1) release or subordinate all or substantially all of the Collateral or release or subordinate any Security Document (or any Lien created thereby) which would have the effect of releasing all or substantially all of the Collateral in any transaction or series of transactions or (2) subordinate, or have the effect of subordinating, the Obligations hereunder to any other Indebtedness or obligations, without the written consent of each Lender.

Appears in 1 contract

Samples: Credit Agreement (TTEC Holdings, Inc.)

Specific Consent Requirements. No amendment, waiver or consent shall: (A) increase the Commitment of any Lender hereunder or the amount of any Loans of any Lender, in any case, without such LxxxxxXxxxxx’s written consent; (B) waive, extend or postpone the maturity of any Loan, the payment date of interest or scheduled principal hereunder, or the payment date of commitment fees payable hereunder, in any case without the written consent of each Lender directly and adversely affected thereby; (C) reduce the stated rate of interest on any Loan (provided that the waiver of the Default Rate shall not constitute a decrease in interest rate pursuant to this Section 11.3), or the amount of interest or scheduled principal due on any Loan, or reduce the stated rate of commitment fees payable hereunder or change the manner of pro rata application of any payments made by Borrowers to the Lenders hereunder, in each case, without the written consent of each Lender directly and adversely affected thereby, (D) change any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, in each case, without the consent of each Lender directly and adversely affected thereby; (E) release the US Borrower or any Domestic Guarantor of Payment or all or substantially all of the value of the Collateral securing the Secured Obligations, except in connection with a transaction specifically permitted hereunder, in each case, without the written consent of each Lender; or; (F) amend this Section 11.3 11.3, Section 8.5, Section 8.7 or Section 8.5 or 8.79.8, in each case, without the written consent of each Lender directly and adversely affected thereby; oror 192068782_9 (G) (1) release or subordinate all or substantially all of the Collateral or release or subordinate any Security Document (or any Lien created thereby) which would have the effect of releasing all or substantially all of the Collateral in any transaction or series of transactions or (2) subordinate, or have the effect of subordinating, the Obligations hereunder to any other Indebtedness or obligations, without the written consent of each Lender.

Appears in 1 contract

Samples: Credit Agreement (TTEC Holdings, Inc.)

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Specific Consent Requirements. No amendment, waiver or consent shall: (A) increase the Commitment of any Lender hereunder or the amount of any Loans of any Lender, in any case, without such LxxxxxLender’s written consent; (B) waive, extend or postpone the maturity of any Loan, the payment date of interest or scheduled principal hereunder, or the payment date of commitment fees payable hereunder, in any case without the written consent of each Lender directly and adversely affected thereby; (C) reduce (i) Unanimous Consent Requirements. Unanimous consent of the Lenders shall be required with respect to (A) any increase in the Commitment hereunder (except as specified in Section 2.9(b) hereof, provided that no Lender’s Commitment shall be increased without such Lender’s consent), (B) the extension of maturity of the Loans, the payment date of interest or scheduled principal hereunder, or the payment date of commitment fees payable hereunder, (C) any reduction inreduce the stated rate of interest on any the Loansany Loan (provided that the waiver institutionwaiver of the Default Rate or post default interest and a subsequent removal of the Default Rate or post default interest shall not constitute a decrease in interest rate pursuant to this Section 11.3), or the in anythe amount of interest or scheduled principal due on any Loan, or reduce any reduction inreduce the stated rate of commitment fees payable hereunder or any change in the manner of pro rata application of any payments made by Borrowers to the Lenders hereunder, in (D) any change inin each case, without the written consent of each Lender directly and adversely affected thereby, (D) change any percentage voting requirement, voting rights, or the Required Lenders definition in this Agreement, in (E) the release ofin each case, without the consent of each Lender directly and adversely affected thereby; (E) release the US Borrower or any Domestic Guarantor of Payment or all any material amount ofall or substantially all of the value of the Collateral securing the Secured Obligations, except in connection with a transaction specifically permitted hereunder, in or (F) any amendment toin each case, without the written consent of each Lender; or (F) amend this Section 11.3 or Section 8.5 or 8.78.7 hereof.8.7, in each case, without the written consent of each Lender directly and adversely affected thereby; or (1) release or subordinate all or substantially all of the Collateral or release or subordinate any Security Document (or any Lien created thereby) which would have the effect of releasing all or substantially all of the Collateral in any transaction or series of transactions or (2) subordinate, or have the effect of subordinating, the Obligations hereunder to any other Indebtedness or obligations, without the written consent of each Lender.

Appears in 1 contract

Samples: Credit Agreement (Teletech Holdings Inc)

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