Amendments to Organizational Agreements and Material Contracts Clause Samples
The "Amendments to Organizational Agreements and Material Contracts" clause governs how changes can be made to a company's foundational documents and significant contracts. Typically, this clause outlines the procedures and approvals required for modifying articles of incorporation, bylaws, partnership agreements, or key business contracts, often specifying that written consent from certain parties or a supermajority vote is necessary. Its core function is to ensure that any alterations to critical agreements are made transparently and with appropriate oversight, thereby protecting the interests of stakeholders and maintaining organizational stability.
Amendments to Organizational Agreements and Material Contracts. (a) Amend or permit any amendments to any Loan Party’s organizational documents; or (b) amend or permit any amendments to, or terminate or waive any provision of, any material Contractual Obligation if such amendment, termination, or waiver would be adverse to Administrative Agent or the Lenders in any material respect.
Amendments to Organizational Agreements and Material Contracts. No Credit Party shall (a) amend or permit any amendments to any Credit Party's Organizational Documents; or (b) amend or permit any amendments to, or terminate or waive any provision of, any Material Contract if such amendment, termination, or waiver would be adverse to Administrative Agent or the Lenders.
Amendments to Organizational Agreements and Material Contracts. No Loan Party shall (a) amend or permit any amendments to any Loan Party’s organizational documents, if such amendment would be adverse to the Administrative Agent or the Lenders or (b) amend or permit any amendments to, or terminate or waive any provision of, any material Contractual Obligation if such amendment, termination, or waiver would be adverse to Administrative Agent or the Lenders.
Amendments to Organizational Agreements and Material Contracts. No Note Party shall (a) amend or permit any amendments to any Note Party’s or any of its Subsidiaries’ Organizational Documents; or (b) amend, terminate, or waive or permit any amendment, termination, or waiver of any provision of, any Managed Company Document, any agreement related to Material Indebtedness or other Material Contract, if such amendment, termination, or waiver could reasonably be expected to be adverse to the Purchasers in any material respect, the Purchasers or the Note Parties and their Subsidiaries.
Amendments to Organizational Agreements and Material Contracts. Borrower shall not, nor shall it permit any of its Subsidiaries or Portfolio Companies to (a) amend, modify, terminate or waive (or permit any amendments, modifications, termination or waiver) its Organizational Documents if such amendment, modification, termination of waiver would reasonably be expected to have a Material Adverse Effect, or (b) amend, modify, terminate or waive any provision of any Material Contract if such amendment, termination, or waiver would be materially adverse to the rights and interests of Administrative Agent or the Lenders.
Amendments to Organizational Agreements and Material Contracts. (a) Amend or permit any amendments to any Loan Party’s or Appian UK’s organizational documents, without prior notice to the Administrative Agent (provided that no amendments to any such organizational documents may be entered into to the extent that such amendments could reasonably be expected to be materially adverse to the Secured Parties); or (b) amend or permit any amendments to, or terminate or waive any provision of, any material Contractual Obligation if such amendment, termination, or waiver would be adverse to the Administrative Agent or the Lenders in any material respect.
Amendments to Organizational Agreements and Material Contracts. (a) No Credit Party shall (i) amend or permit any amendments to any Credit Party’s Organizational Documents if such amendment would be adverse to Administrative Agent, Collateral Agent or Lenders; or (ii) amend or permit any amendments to, or terminate or waive any provision of, any Material Contract if such amendment, termination, or waiver would be material and adverse to Administrative Agent, Collateral Agent or Lenders or the Credit Parties, and (b) ACL shall not amend or permit any amendments to its Organizational Documents or amend or waive or permit any amendment to, or waiver of, any term of the Shareholders’ Agreement if such amendment would be adverse to Administrative Agent, Collateral Agent or Lenders.
Amendments to Organizational Agreements and Material Contracts. Amend or permit any amendments to any Loan Party’s organizational documents or any Material Contract, to the extent such amendment could reasonably be expected to be materially disadvantageous to the Lender (in its capacity as the Lender hereunder).
Amendments to Organizational Agreements and Material Contracts. (a) Materially amend or permit any material amendments to any Loan Party’s organizational documents (i) if such amendment would be adverse to the Administrative Agent or the Lenders in any material respect, and (ii) without giving the Administrative Agent five Business Days’ prior written notice of such amendment; or (b) amend or permit any amendments to, or terminate or waive any provision of, any material Contractual Obligation if such amendment, termination, or waiver could reasonably be expected to result in a Material Adverse Effect.
Amendments to Organizational Agreements and Material Contracts. (a) Amend or permit any amendments to any Loan Party’s organizational documents; (b) amend or permit any amendments to, or terminate or waive any provision of the PC Documents, other than any amendment, modification or other change that is not adverse to the Administrative Agent or the Lenders in any material respect (it being understood and agreed that, with respect to the PC Documents, any decrease in fees, removal of existing fees, delay of any date on which fees are due or modification of any assignment provisions with respect thereto shall be deemed to be adverse to the Administrative Agent and the Lenders) or (c) amend or permit any amendments to, or terminate or waive any provision of, any material Contractual Obligation if such amendment, termination, or waiver would be adverse to Administrative Agent or the Lenders in any material respect.