Sustainability amendments Sample Clauses

Sustainability amendments. (i) The Borrower Representative shall, as soon as reasonably practicable after a Sustainability Amendment Event (and in any event within twenty (20) Business Days following the occurrence of that Sustainability Amendment Event), provide details to the Administrative Agent of the effect such event could reasonably be expected to have on any KPI, SPT and/or the Sustainability Information and, if relevant, propose amendments to any Calculation Methodology, KPI, SPT and/or to any related term of this Agreement, to eliminate, accommodate or otherwise take into account the effect of the relevant Sustainability Amendment Event on the terms of this Agreement.
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Sustainability amendments. Notwithstanding anything to the contrary in this Section 12.7., Borrower shall, as soon as reasonably practicable after a Sustainability Amendment Event (and in any event within ten (10) Business Days following the occurrence of such Sustainability Amendment Event), provide details to the Administrative Agent and the Sustainability Structuring Agent in respect of the effect such event could reasonably be expected to have on any Sustainability Baseline, the Sustainability Metric, the KPI, or any KPI Targets or KPI Thresholds and, if relevant, propose amendments to the Sustainability Baseline, the Sustainability Metric, the KPI, or any KPI Targets or KPI Thresholds, or any methodology in the calculation thereof, and/or to any terms of this Agreement related thereto, to eliminate, accommodate or otherwise take into account the effect of the relevant Sustainability Amendment Event on the terms of this Agreement. If a Sustainability Amendment Event has occurred, the Borrower and the Administrative Agent (acting on the instructions of the Requisite Lenders) shall enter into negotiations in good faith with a view to agreeing such amendments to the Sustainability Baseline, the Sustainability Metric, the KPI, or any KPI Targets or KPI Thresholds, or any methodology in the calculation thereof, and/or to any terms of this Agreement related thereto, as are necessary for the purposes of eliminating, accommodating or otherwise taking into account the effect of the relevant Sustainability Amendment Event on the terms of this Agreement. Any amendment to this Agreement referred to in this Section 12.7.(e) above may be made with the consent of the Administrative Agent (acting on the instructions of the Requisite Lenders) and the Borrower; provided however, that in the case of a Sustainability Amendment described in clause (a) or clause (b) of the definition thereof, failure of any Lender to object in writing within ten (10) Business Days of notice of such Amendment shall be deemed to be such Xxxxxx’s consent to the Amendment.
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Sustainability amendments. Notwithstanding anything to the contrary in this Section 12.6, but subject to the terms of Section 1.6(c), the Administrative Agent, the Sustainability Agent and the Borrower may enter into Sustainability Amendments in accordance with the terms of Section 1.6(g), and any such Sustainability Amendment will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent shall have posted such proposed Sustainability Amendment to all Lenders so long as the Administrative Agent shall not have received by such time written notice of objection to such Sustainability Amendment from Lenders comprising the Requisite Lenders.
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Sustainability amendments. (a) The Parent shall, as soon as reasonably practicable after a Sustainability Amendment Event, provide details to the Sustainability Coordinator of the effect such event could reasonably be expected to have on any Fleet Sustainability Score, Trajectory Value, Vessel AER and/or the Sustainability Information and, if relevant, propose amendments to the Fleet Sustainability Score, Trajectory Value, Vessel AER and/or to any related term of this Agreement, to eliminate, accommodate or otherwise take into account the effect of the relevant Sustainability Amendment Event on the terms of this Agreement.
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Related to Sustainability amendments

  • Amendments; Modifications This Agreement may not be modified, altered or amended except by an agreement in writing executed by all of the parties hereto.

  • Extension Amendments (a) The Borrower may at any time and from time to time request that all or a portion, including one or more Tranches, of any commitments or the Loans (including any Extended Loans), each existing at the time of such request (each, an “Existing Tranche” and the Loans of such Tranche, the “Existing Loans”) be converted to extend the termination date thereof and the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any principal amount of any Existing Tranche (any such Existing Tranche which has been so extended, “Extended Tranche” and the Loans of such Tranche, the “Extended Loans”) and to provide for other terms consistent with this subsection 2.6. Subject to the provisions of this subsection 2.6, the Borrower may elect to extend an Existing Tranche by combining the Existing Loans thereunder with existing Extended Loans, in which case such Existing Loans shall become Extended Loans and shall constitute an Extension Series with such existing Extended Loans. In order to establish any Extended Tranche, the Borrower shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders of the applicable Existing Tranche) (an “Extension Request”) setting forth the proposed terms of the Extended Tranche to be established, which Extension Request may be modified, revoked, or revoked and reissued by the Borrower at any time prior to the effectiveness of the Extension Amendment. The terms of an Extended Tranche to be established pursuant to an Extension Amendment shall be substantially similar to those applicable to the Existing Tranche from which they are to be extended (the “Specified Existing Tranche”) except (w) all or any of the final maturity dates of such Extended Tranches may be delayed to later dates than the final maturity dates of the Specified Existing Tranche, (x) (A) the interest margins with respect to the Extended Tranche may be higher or lower than the interest margins for the Specified Existing Tranche and/or (B) additional fees may be payable to the Lenders providing such Extended Tranche in addition to or in lieu of any change in margins contemplated by the preceding clause (A), (y) the commitment fee, if any, with respect to the Extended Tranche may be higher or lower than the commitment fee, if any, for the Specified Existing Tranche, in each case to the extent provided in the applicable Extension Amendment, and (z) amortization with respect to the Extended Term Tranche may be greater or lesser than amortization for the Specified Existing Tranche, so long as the Extended Term Tranche does not have a weighted average life to maturity shorter than the remaining weighted average life to maturity of the Specified Existing Tranche; provided that, notwithstanding anything to the contrary in this subsection 2.6 or otherwise, assignments and participations of Extended Tranches shall be governed by the same or, at the Borrower’s discretion, more restrictive assignment and participation provisions than the assignment and participation provisions applicable to Term Loans set forth in subsection 10.6. No Lender shall have any obligation to agree to have any of its Existing Loans or, if applicable, commitments of any Existing Tranche converted into an Extended Tranche pursuant to any Extension Request. Any Extended Tranche shall constitute a separate Tranche of Term Loans or revolving commitments, as applicable, from the Specified Existing Tranches and from any other Existing Tranches (together with any other Extended Tranches so established on such date).

  • Waivers; Amendments (a) No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in exercising any right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time.

  • Required Amendments The Company and the Member will execute and file any amendment to the Articles required by the Act. If any such amendment results in inconsistencies between the Articles and this Agreement, this Agreement will be considered to have been amended in the specifics necessary to eliminate the inconsistencies.

  • Certain Amendments Nothing herein shall be construed to prevent the Company from amending, altering, eliminating or reducing any plans, benefits or programs so long as the Executive continues to receive compensation and benefits consistent with Sections 3 through 6.

  • Integration; Amendments This Agreement constitutes the entire Agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. This Agreement may be amended or restated only by a written instrument executed by both parties.

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