Action by Lender. Except as provided in Sections 2.4(c) and 8.1 hereof, any action entitled to be taken by Lender shall require the consent of Persons with at least fifty percent (50%) interest in and rights to the Senior Subordinated Note at the time such action is taken.β (u) Section 8.3 of the Loan Agreement shall be deleted in its entirety and replaced with the following:
Appears in 1 contract
Sources: Senior Subordinated Loan Agreement (Clarion Technologies Inc/De/)
Action by Lender. Except as provided in Sections 2.4(c) and 8.1 hereof, any action entitled to be taken by Lender shall require the consent of Persons with at least fifty percent (50%) interest in and rights to the Senior Subordinated Note at the time such action is taken.β"
(u) Section 8.3 of the Loan Agreement shall be deleted in its entirety and replaced with the following:
Appears in 1 contract
Sources: Senior Subordinated Loan Agreement (William Blair Mezzanine Capital Fund Iii L P)