Common use of Approval Right Clause in Contracts

Approval Right. Without the prior approval of each Holder, Bally will not: increase the consideration payable to the holders of the Senior Notes for similar waivers under the Senior Notes Indenture with respect to Bally’s failure to comply with its reporting obligations thereunder in excess of the Consent Fee and the Additional Fee.

Appears in 1 contract

Sources: Consent Agreement (Bally Total Fitness Holding Corp)

Approval Right. Without the prior approval of each Holder, Bally will not: increase the consideration payable to the holders of the Senior Notes for similar waivers under the Senior Notes Indenture with respect to Bally’s 's failure to comply with its reporting obligations thereunder in excess of the Consent Fee and the Additional Fee.

Appears in 1 contract

Sources: Consent Agreement (Pardus Capital Management L.P.)