Common use of Subsequent Credit Terms Clause in Contracts

Subsequent Credit Terms. 1. Notify each holder of a Note in writing not less than five (5) Business Days prior to its entering into any amendment or modification of any credit arrangement, whether now in effect or hereafter incurred, pursuant to which the Obligors or Guarantors agree to financial covenants which are more restrictive to the Obligors or Guarantors than those contained in Sections Five and Six hereof. Upon entering into any such amendment or modification, and with respect to the covenants in the Credit Agreement, the corresponding covenants, terms and conditions of this Agreement are and shall be deemed to be automatically and immediately amended to conform with and to include the applicable covenants, terms and/or conditions of such other agreement; provided, however, that the foregoing shall not be applicable to or be deemed to affect any provision of this Agreement to the extent that any amendment or modification is less restrictive than the corresponding provisions of this Agreement.

Subsequent Credit Terms. 1. (a) Notify each holder of a Note Bank in writing not less than five (5) Business Days prior to its entering into any amendment or modification of any credit arrangement, whether now in effect or hereafter incurred, pursuant to which the Obligors Borrowers or Guarantors agree to financial covenants which are more restrictive to the Obligors Borrowers or Guarantors than those contained in Sections Five sections Six and Six Seven hereof. Upon entering into any such amendment or modification, and with respect to the covenants in the Credit AgreementNote Purchase Agreements, the corresponding covenants, terms and conditions of this Agreement are and shall be deemed to be automatically and immediately amended to conform with and to include the applicable covenants, terms and/or conditions of such other agreement; provided, however, that the foregoing shall not be applicable to or be deemed to affect any provision of this Agreement to the extent that any amendment or modification is less restrictive than the corresponding provisions of this Agreement.

Subsequent Credit Terms. 1. (a) Notify each holder of a Note in writing not less than five (5) Business Days prior to its entering into any amendment or modification of any credit arrangement, whether now in effect or hereafter incurred, pursuant to which the Obligors any Obligor or Guarantors agree Subsidiary agrees to financial covenants which are more restrictive to the Obligors such Obligor or Guarantors Subsidiary than those contained in Sections Five and Six hereof. Upon entering into any such amendment or modification, and with respect to the covenants in the Credit Agreement, the corresponding covenants, terms and conditions of this Agreement are and shall be deemed to be automatically and immediately amended to conform with and to include the applicable covenants, terms and/or conditions of such other agreement; provided, however, that the foregoing shall not be applicable to or be deemed to affect any provision of this Agreement to the extent that any amendment or modification is less restrictive than the corresponding provisions of this Agreement.

Subsequent Credit Terms. 1. (a) Notify each holder of a Note Bank in writing not less than five (5) Business Days prior to its entering into any amendment or modification of any credit arrangement, whether now in effect or hereafter incurred, pursuant to which the Obligors any Borrower or Guarantors agree Subsidiary agrees to financial covenants which are more restrictive to the Obligors such Borrower or Guarantors Subsidiary than those contained in Sections Five sections Six and Six Seven hereof. Upon entering into any such amendment or modification, and with respect to the covenants in the Credit AgreementNote Purchase Agreements, the corresponding covenants, terms and conditions of this Agreement are and shall be deemed to be automatically and immediately amended to conform with and to include the applicable covenants, terms and/or conditions of such other agreement; provided, however, that the foregoing shall not be applicable to or be deemed to affect any provision of this Agreement to the extent that any amendment or modification is less restrictive than the corresponding provisions of this Agreement.