Common use of Waivers, Modifications and Amendments Clause in Contracts

Waivers, Modifications and Amendments. Any provision hereof or of the Notes or the Guaranties may be amended, modified, waived or released and any Default or Event of Default and its consequences may be rescinded and annulled upon the written consent of the Required Lenders; provided, however, that without the consent of all Lenders no such amendment, modification or waiver shall increase the amount or extend the terms of any Lender's Commitment or increase the L/C Commitment or reduce the interest rate applicable to or extend the maturity (including any scheduled installment) of its Notes or reduce the amount of the principal or interest or fees to which such Lender is entitled hereunder or release any substantial (in value) part of the collateral security afforded by the Collateral Documents (except in connection with a sale or other disposition required to be effected by the provisions hereof or of the Collateral Documents) or release any Guarantor or change this Section or change the definition of "Required Lenders" or change the number of Lenders required to take any action hereunder or under the Guaranties. No amendment, modification or waiver of the Agent's protective provisions shall be effective without the prior written consent of the Agent.

Appears in 2 contracts

Samples: Credit Agreement (Morton Industrial Group Inc), Credit Agreement (Morton Industrial Group Inc)

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Waivers, Modifications and Amendments. Any provision hereof or of any of the Notes or the Guaranties other Loan Documents may be amended, modified, waived or released and any Default or Event of Default and its consequences may be rescinded and annulled upon the written consent of the Required Lenders; provided, however, that without the consent of all Lenders no such amendment, modification or waiver shall increase the amount or extend the terms term of any Lender's Commitment or increase the L/C Revolving Credit Commitment or reduce the amount of any principal of or interest rate applicable to to, or extend the maturity (including of, any scheduled installment) of its Notes Obligation owed to it or reduce the amount of the principal or interest or fees to which such Lender it is entitled hereunder or release any substantial (in value) part of the collateral security afforded by the Collateral Documents (except in connection with a sale or other disposition required to be effected by the provisions hereof or of the Collateral Documents) or release any Guarantor or change this Section or change the definition of "Required Lenders" or change the number of Lenders required to take any action hereunder or under any of the Guarantiesother Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its Guaranty. No amendment, modification or waiver of the Agent's protective provisions shall be effective without the prior written consent of the Agent.

Appears in 2 contracts

Samples: Long Term Credit Agreement (Anicom Inc), Short Term Credit Agreement (Anicom Inc)

Waivers, Modifications and Amendments. Any provision hereof or of any of the Notes or the Guaranties other Loan Documents may be amended, modified, waived or released and any Default or Event of Default and its consequences may be rescinded and annulled upon the written consent of the Required Lenders; provided, however, that without the consent of all Lenders no such amendment, modification or waiver shall increase the amount or extend the terms term of any Lender's Commitment or increase the L/C Revolving Credit Commitment or reduce the amount of any principal of or interest rate applicable to to, or extend the maturity (including of, any scheduled installment) of its Notes Obligation owed to it or reduce the amount of the principal or interest or fees to which such Lender it is entitled hereunder or release any substantial (in value) part of the collateral security afforded by the Collateral Documents (except in connection with a sale or other disposition required to be effected by the provisions hereof or of the Collateral Documents) or release any Guarantor or change this Section or change the definition of "Required Lenders" or change the number of Lenders required to take any action hereunder or under any of the Guarantiesother Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its Guaranty. No amendment, modification or waiver of the Agent's protective provisions shall be effective without the prior written consent of the Agent. Section 11.5.

Appears in 2 contracts

Samples: Long Term Multicurrency Credit Agreement (Anicom Inc), Term Credit Agreement (Anicom Inc)

Waivers, Modifications and Amendments. Any provision hereof or of any of the Notes or the Guaranties other Loan Documents may be amended, modified, waived or released and any Default or Event of Default and its consequences may be rescinded and annulled upon the written consent of the Required Lenders; provided, however, that without the consent of all Lenders no such amendment, modification or waiver shall increase the amount or extend the terms term of any Lender's Commitment or increase the L/C Commitment or reduce the amount of any principal of or interest rate applicable to to, or extend the maturity (including of, any scheduled installment) of its Notes Obligation owed to it or reduce the amount of the principal or interest or fees to which such Lender it is entitled hereunder or release any substantial (in value) part of the collateral security afforded by the Collateral Documents (except in connection with Guaranty Agreement or waive any requirement hereunder for a sale or other disposition required to be effected by the provisions hereof or of the Collateral Documents) or release any Guarantor Guaranty Agreement or change this Section or change the definition of "Required Lenders" or change the number of Lenders required to take any action hereunder or under any of the Guarantiesother Loan Documents. No amendment, modification or waiver of the Agent's protective provisions shall be effective without the prior written consent of the Agent.

Appears in 1 contract

Samples: Hub Group Inc

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Waivers, Modifications and Amendments. Any provision hereof or of the Notes or the Guaranties other Loan Documents may be amended, modified, waived or released and any Default or Event of Default and its consequences may be rescinded and annulled upon the written consent of the Company and the Required Lenders; providedPROVIDED, howeverHOWEVER, that without the written consent of all Lenders each Lender no such amendment, modification or waiver shall increase the amount or extend the terms of any such Lender's Commitment or increase the L/C Commitment or reduce the interest rate applicable to or extend the maturity (including any scheduled installment) of its Notes Commitments or reduce the amount of the any principal of or interest rate applicable to, or extend the maturity of, any Obligation owed to it or reduce the amount of fees or other amounts to which such Lender it is entitled hereunder or release any substantial (in value) part guaranty of the collateral security afforded by the Collateral Documents (except in connection with a sale or other disposition required to be effected by the provisions hereof or of the Collateral Documents) or release any Guarantor Obligations or change this Section 11.4 or change the definition of "Required LendersREQUIRED LENDERS" or change the number of Lenders required to take any action hereunder or under the Guarantiesother Loan Documents. No amendment, modification or waiver of the Agent's protective provisions shall be effective without the prior written consent of the Agent.

Appears in 1 contract

Samples: Credit Agreement (Ha Lo Industries Inc)

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