Common use of Voting Rights; Agent’s Discretionary Rights Clause in Contracts

Voting Rights; Agent’s Discretionary Rights. Notwithstanding anything contained in this Agreement to the contrary, without the prior written consent of all Lenders, the Agent will not agree to: (a) amend or waive the Borrowers’ compliance with any term or provision of this Agreement, if the effect of such amendment or waiver would be to (i) increase the Line of Credit, (ii) reduce the principal of, or rate of interest on, the Revolving Loans, (iii) reduce or waive the payment of any fee in which all Lenders share hereunder or (iv) extend the maturity date of any of the Obligations or the date fixed for payment of any installment thereof; (b) alter or amend (i) this Section 14.10 or (ii) the definitions of “Net Availability", "Availability Reserve”, “Excess Availability”, “Eligible Accounts Receivable”, “Eligible Inventory” “Collateral” or “Required Lenders”;

Appears in 1 contract

Samples: Loan and Security Agreement (Skechers Usa Inc)

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Voting Rights; Agent’s Discretionary Rights. Notwithstanding anything contained in this Financing Agreement to the contrary, without the prior written consent of all Lenders, the Agent will not agree to: (a) amend or waive the Borrowers’ any Company's compliance with any term or provision of this Financing Agreement, if the effect of such amendment or waiver would be to (i) increase the Revolving Line of Credit, (ii) reduce the principal of, or rate of interest on, the Revolving Loans, (iii) reduce or waive the payment of any fee in which all Lenders share hereunder or (iv) extend the maturity date of any of the Obligations or the date fixed for payment of any installment thereof; (b) alter or amend (i) this Section 14.10 or (ii) the definitions of "Net Availability", "Availability Reserve", “Excess Availability”, “"Eligible Accounts Receivable", "Eligible Inventory” “" "Collateral" or "Required Lenders";

Appears in 1 contract

Samples: Financing Agreement (MTM Technologies, Inc.)

Voting Rights; Agent’s Discretionary Rights. Notwithstanding anything contained in this Financing Agreement to the contrary, without the prior written consent of all Lenders, the Agent will not agree to: (a) amend or waive the BorrowersCompanies’ compliance with any term or provision of this Financing Agreement, if the effect of such amendment or waiver would be to (i) increase the Revolving Line of Credit, (ii) reduce the principal of, or rate of interest on, the Revolving Loans, (iii) reduce or waive the payment of any fee in which all Lenders share hereunder or (iv) extend the maturity date of any of the Obligations or the date fixed for payment of any installment thereof; (b) alter or amend (i) this Section 14.10 or (ii) the definitions of “Net Availability", "Availability Reserve”, “Excess AvailabilityAvailability Reserve”, “Eligible Accounts Receivable”, “Eligible Inventory” “Collateral” or “Required Lenders”;

Appears in 1 contract

Samples: Financing Agreement (Aegis Communications Group Inc)

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Voting Rights; Agent’s Discretionary Rights. Notwithstanding anything contained in this Financing Agreement to the contrary, without the prior written consent of all Lenders, the Agent will not agree to: (a) amend or waive the Borrowers’ Company’s compliance with any term or provision of this Financing Agreement, if the effect of such amendment or waiver would be to (i) increase the Revolving Line of CreditCredit (other than as provided in Section 3.8), (ii) reduce the principal of, or rate of interest on, on the Revolving Loans, (iii) reduce or waive the payment of any fee in which all Lenders share hereunder or (iv) extend the maturity date of any of the Obligations or the date fixed for payment of any installment thereof; (b) alter or amend (i) this Section 14.10 13.10 or (ii) the definitions of “Net Availability", "Availability Reserve”, “Excess AvailabilityAvailability Reserve”, “Eligible Accounts Receivable”, “Eligible Inventory” “Collateral” or “Required Lenders”;

Appears in 1 contract

Samples: Debtor in Possession Financing Agreement

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