Common use of Waivers, Modifications and Amendments Clause in Contracts

Waivers, Modifications and Amendments. Any provision hereof or of any of the 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Documents may be amended, modified, waived or released and any Default or Event of Default and its consequences may be rescinded and annulled upon the written consent of the Required Lenders; provided, however, that without the consent of all Lenders no such amendment, modification or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 term of any Lender's Revolving Credit Commitment or reduce the amount of any principal of or interest rate applicable to, or extend the maturity of, any Obligation owed to it or reduce the amount of the fees to which it is entitled hereunder 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 other 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 4 contracts

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

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Waivers, Modifications and Amendments. Any provision hereof or of any of the other Loan Documents 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Guaranties may be amended, modified, waived or released and any Default or Event of Default and its consequences may be rescinded and annulled upon the written consent of the Required Lenders; provided, however, that without the consent of all Lenders no such amendment, modification or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 term terms of any Lender's Revolving Credit 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 of, (including any Obligation owed to it scheduled installment) of its Notes or reduce the amount of the principal or interest or fees to which it 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 any of the other Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its GuarantyGuaranties. 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)

Waivers, Modifications and Amendments. Any provision hereof or of any of the 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 term of any Lender's Revolving Credit Commitment or reduce the amount of any principal of or interest rate applicable to, or extend the maturity of, any Obligation owed to it or reduce the amount of the fees to which it is entitled hereunder or release any Guaranty Agreement or waive any requirement hereunder for a 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 other Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its GuarantyDocuments. 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 (Hub Group Inc)

Waivers, Modifications and Amendments. Any provision hereof or of any of the other Loan Documents 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 LendersMajority Holders; provided, however, that without the consent of all Lenders holders of the Notes no such amendment, modification or waiver shall increase the amount or extend the term terms of any Lender's Revolving Credit Commitment Note or reduce the amount of any principal of or interest rate applicable to, to or extend the maturity of, (including any Obligation owed to it scheduled installment) of its Notes or reduce the amount of the principal or interest or fees to which it such holder 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 LendersMAJORITY HOLDERS" or change the number of Lenders holders of Notes required to take any action hereunder or under any of the other Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its GuarantyGuaranties. 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: Note and Warrant Purchase Agreement (Morton Industrial Group Inc)

Waivers, Modifications and Amendments. Any provision hereof or of any of the 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 term terms of any such Lender's Revolving Credit Commitment Commitments or reduce the amount of any principal of or interest rate applicable to, or extend the maturity of, any Obligation owed to it or reduce the amount of the fees or other amounts to which it is entitled hereunder or release any guaranty of any 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 any of the other Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its GuarantyDocuments. 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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Waivers, Modifications and Amendments. Any provision hereof or of any of the other Loan Documents 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 term terms of any Lender's Revolving Credit Commitment or increase the L/C Sublimit or reduce the amount of any principal of or interest rate applicable to, to or extend the maturity of, (including any Obligation owed to it scheduled installment) of its Notes or reduce the amount of the principal or interest or fees to which it 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 any of the other Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its GuarantyGuaranties. 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 (Morton Industrial Group Inc)

Waivers, Modifications and Amendments. Any provision hereof or of any of the 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; providedPROVIDED, howeverHOWEVER, that without the consent of all Lenders that: (a) no such amendment, modification or waiver shall increase the amount or extend the term of any Lender's Revolving Credit Commitment or reduce the amount of any principal of or interest rate applicable to, or extend the maturity of, any Obligation owed to it any Lender or reduce the amount of the fees to which it any Lender is entitled hereunder, in each case without the consent of such Lender; and (b) without the consent of all Lenders, no such amendment, modification, or waiver shall release any Guaranty Agreement or waive any requirement hereunder for a Guaranty Agreement or change this Section or change the definition of "Required LendersREQUIRED LENDERS" or change the number of Lenders required to take any action hereunder or under any of the other Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its GuarantyDocuments. 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 (Hub Group Inc)

Waivers, Modifications and Amendments. Any provision hereof or of any of the 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; providedPROVIDED, howeverHOWEVER, that without the consent of all Lenders that: (a) no such amendment, modification or waiver shall increase the amount or extend the term of any Lender's Revolving Credit Term Commitment or reduce the amount of any principal of or interest rate applicable to, or extend the maturity of, any Obligation owed to it any Lender or reduce the amount of the fees to which it any Lender is entitled hereunder, in each case without the consent of such Lender; and (b) without the consent of all Lenders, no such amendment, modification, or waiver shall release any Guaranty Agreement or waive any requirement hereunder for a Guaranty Agreement or change this Section or change the definition of "Required LendersREQUIRED LENDERS" or change the number of Lenders required to take any action hereunder or under any of the other Loan Documents or permit the Company to assign any of its rights hereunder or release any Guarantor from its obligations under its GuarantyDocuments. 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 (Hub Group Inc)

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