Common use of Additional Consent Clause in Contracts

Additional Consent. In addition to the foregoing requirements, no amendment, waiver or consent shall: (i) increase (or reinstate) the Commitments of a Lender or subject a Lender to any additional obligations without the written consent of such Lender; (ii) reduce the principal of, or interest that has accrued or the rates of interest that will be charged on the outstanding principal amount of, any Loans or other Obligations without the written consent of each Lender directly affected thereby; provided, however, only the written consent of the Requisite Lenders shall be required for the waiver of interest payable at the Post-Default Rate, retraction of the imposition of interest at the Post-Default Rate and amendment of the definition of “Post-Default Rate”; (iii) reduce the amount of any Fees payable to any Lender without the written consent of such Lender; (iv) except for waivers permitted under the last sentence of Section 13.7(a), postpone any date fixed for, or forgive, any payment of principal of, or interest on, any Loans or for the payment of Fees or any other Obligations (including without limitation any extension of the Maturity Date except in accordance with Section 2.15) without the written consent of each Lender; (v) change the definitions of Commitment Percentage or Pro Rata Share without the written consent of each Lender; (vi) amend this Section or amend the definitions of the terms used in this Agreement or the other Loan Documents insofar as such definitions affect the substance of this Section without the written consent of each Lender; (vii) modify the definition of the term “Requisite Lenders” or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof without the written consent of each Lender; (viii) release any Guarantor from its obligations under the Guaranty except as contemplated by Section 4.2(b) or Section 10.4 without the written consent of each Lender; (ix) waive a Default or Event of Default under Section 11.1(a) without the written consent of each Lender adversely affected thereby; (x) amend, or waive the Borrower’s compliance with, Section 2.16 without the written consent of each Lender; or (xi) amend Section 3.2 in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender.

Appears in 2 contracts

Sources: Credit Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust)

Additional Consent. In addition to the foregoing requirements, no amendment, waiver or consent shall: (i) increase (or reinstate) the Commitments Commitment of a Lender or subject a Lender to any additional obligations without the written consent of such Lender; (ii) reduce the principal of, or interest that has accrued or the rates of interest that will be charged on the outstanding principal amount of, any Loans Loan or other Obligations without the written consent of each Lender directly affected thereby; provided, however, only the written consent of the Requisite Lenders shall be required for the waiver of interest payable at the Post-Default Rate, retraction of the imposition of interest at the Post-Default Rate and amendment of the definition of “Post-Default Rate”; (iii) reduce the amount of any Fees payable to any Lender without the written consent of such Lender; (iv) except for waivers permitted under the last sentence of Section 13.7(a), postpone any date fixed for, or forgive, any payment of principal of, or interest on, any Loans Loan or for the payment of Fees or any other Obligations (including without limitation any extension of the Maturity Date except in accordance with Section 2.15Date) without the written consent of each Lender; (v) change the definitions of Commitment Percentage or Pro Rata Share without the written consent of each Lender; (vi) amend this Section or amend the definitions of the terms used in this Agreement or the other Loan Documents insofar as such definitions affect the substance of this Section without the written consent of each Lender; (vii) modify the definition of the term “Requisite Lenders” or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof without the written consent of each LenderLender (it being understood that, solely with the consent of the parties prescribed by Section 2.18 to be parties to an Additional Loan Amendment, Additional Loans may be included in the determination of Requisite Lenders on substantially the same basis as the initial Loans are included on the Effective Date); (viii) release any Guarantor from its obligations under the Guaranty except as contemplated by Section 4.2(b) or Section 10.4 without the written consent of each Lender; (ix) waive a Default or Event of Default under Section 11.1(a) without the written consent of each Lender adversely affected thereby; (x) amend, or waive the Borrower’s compliance with, Section 2.16 without the written consent of each Lender; or (xix) amend Section 3.2 in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender.

Appears in 2 contracts

Sources: Term Loan Agreement (Chesapeake Lodging Trust), Term Loan Agreement (Chesapeake Lodging Trust)

Additional Consent. In addition to the foregoing requirements, no amendment, waiver or consent shall: (i) increase (or reinstate) the Commitments of a Lender or subject a Lender to any additional obligations without the written consent of such Lender; (ii) reduce the principal of, or interest that has accrued or the rates of interest that will be charged on the outstanding principal amount of, any Loans or other Obligations without the written consent of each Lender directly affected thereby; provided, however, only the written consent of the Requisite Lenders shall be required for the waiver of interest payable at the Post-Default Rate, retraction of the imposition of interest at the Post-Default Rate and amendment of the definition of “Post-Default Rate”; (iii) reduce the amount of any Fees payable to any Lender without the written consent of such Lender; (iv) except for waivers permitted under the last sentence of Section 13.7(a), postpone any date fixed for, or forgive, any payment of principal of, or interest on, any Loans or for the payment of Fees or any other Obligations (including without limitation any extension of the Maturity Date except in accordance with Section 2.152.16) without the written consent of each Lender; (v) change (x) the definitions of Commitment Percentage or Pro Rata Share or (y) the L/C Commitment Amount, in each case without the written consent of each Lender; (vi) amend this Section or amend the definitions of the terms used in this Agreement or the other Loan Documents insofar as such definitions affect the substance of this Section without the written consent of each Lender; (vii) modify the definition of the term “Requisite Lenders” or modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof without the written consent of each Lender; (viii) release any Guarantor from its obligations under the Guaranty except as contemplated by Section 4.2(b) or Section 10.4 without the written consent of each Lender; (ix) waive a Default or Event of Default under Section 11.1(a) without the written consent of each Lender adversely affected thereby; (x) amend, or waive the Borrower’s compliance with, Section 2.16 2.17 without the written consent of each Lender; or (xi) amend Section 3.2 in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender.

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Lodging Trust)