Common use of Amendments to Organizational Documents and Material Contracts Clause in Contracts

Amendments to Organizational Documents and Material Contracts. The Borrower shall not, and shall not permit any other Subsidiary to, (a) amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) its Organizational Documents in any material respect that could reasonably be expected to be adverse to the interests of the Administrative Agent or the Lenders, (b) amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) any agreement to which it is a party, (c) terminate, replace or assign any of the Loan Party’s interests in any agreement or (d) permit any agreement not to be in full force and effect and binding upon and enforceable against the parties thereto, in each case, in the cases of clauses (b), (c) and (d) if such occurrence could be reasonably expected to result in a Material Adverse Effect.

Appears in 2 contracts

Sources: Credit Agreement (Primeenergy Resources Corp), Credit Agreement (Primeenergy Corp)

Amendments to Organizational Documents and Material Contracts. The Borrower shall not, and shall not permit any other Subsidiary Credit Party to, (a) amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) its Organizational Documents Documents, in any material respect a manner that could reasonably be expected to be adverse to the interests of the Administrative Agent Lender in any material respect without the consent of the Lender (not to be unreasonably withheld or the Lenders, delayed) or (b) (i) amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) any agreement to which it is a party, (cii) terminate, replace or assign any of the Loan Credit Party’s interests in any agreement agreement, or (diii) permit any agreement not to be in full force and effect and binding upon and enforceable against the parties thereto, in each case, in the cases of clauses (b), (c) and (d) case if such occurrence could be reasonably expected to result in a Material Adverse Effect.

Appears in 1 contract

Sources: Senior Secured Term Loan Agreement (Sable Offshore Corp.)