Common use of Changes Relating to Indebtedness Clause in Contracts

Changes Relating to Indebtedness. Change or amend the terms of any of its Indebtedness permitted by clause (B) through (F) of subsection 7.1 if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Indebtedness; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to any Loan Party, Agent or any Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Beacon Roofing Supply Inc)

Changes Relating to Indebtedness. Change or amend the terms of any of its Indebtedness permitted by clause clauses (Bb) through (Fh) of subsection 7.1 if the effect of such amendment is an attempt to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal of or interest are due on such IndebtednessIndebtedness are due; (c) change any event of default or add any covenant with respect to such Indebtedness; (d) change the payment provisions of such Indebtedness; (e) change the subordination provisions thereof; or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to any Loan Party, Agent or any Lender.

Appears in 1 contract

Sources: Loan and Security Agreement (Beacon Roofing Supply Inc)