Changes Relating to Subordinated Debt Sample Clauses
The "Changes Relating to Subordinated Debt" clause governs how modifications to the terms or conditions of subordinated debt are handled within an agreement. It typically outlines the process for making amendments, such as requiring consent from certain parties or specifying notice requirements, and may address what types of changes are permitted or restricted. This clause ensures that all stakeholders are aware of and agree to any alterations that could affect the priority or repayment terms of subordinated debt, thereby protecting the interests of senior creditors and maintaining the intended risk structure of the financing arrangement.
Changes Relating to Subordinated Debt. No Credit Party shall change or amend the terms of any Subordinated Debt (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Debt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Debt other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein, or add any covenant with respect to such Subordinated Debt; (d) change the redemption or prepayment provisions of such Subordinated Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated Debt; 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 to the holder of such Subordinated Debt in a manner adverse to any Credit Party, Agent or any Lender.
Changes Relating to Subordinated Debt. The Company shall not change or amend the terms of the Ramsay Subordinated Note, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenant; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated Indebtedness; 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 to the holder of such Subordinated Indebtedness in a manner adverse to any Holder.
Changes Relating to Subordinated Debt. Change or amend the terms ------------------------------------- of the Subordinated Debt 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 Borrower, any of its Subsidiaries, Agent or any Lender.
Changes Relating to Subordinated Debt. Neither Borrower ------------------------------------- nor any other Credit Party shall change or amend the terms of the Bridge Notes, the Senior Subordinated Notes, the Bridge Note Purchase Agreement, the Senior Subordinated Note Agreement or any other Subordinated Indebtedness (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenant; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated Indebtedness; 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 to the holder of such Subordinated Indebtedness in a manner adverse to any Credit Party, the Administrative Agent or any Lender.
Changes Relating to Subordinated Debt. Since the immediately preceding Compliance Date, no Borrower has changed or amended the terms of the Subordinated Debt as prohibited by Section 7.7 of the Loan Agreement, other than [if any Borrower has changed or amended the terms of the Subordinated Debt as prohibited by Section 7.7 of the Loan Agreement, describe such changes or amendments in detail] [Reference Section 7.7 of the Loan Agreement].
Changes Relating to Subordinated Debt. 43 6.20 Subsidiaries................................................................................... 43
Changes Relating to Subordinated Debt. Amend the terms of any Subordinated Debt if the effect of such amendment is to: (a) increase the interest rate on such Debt; (b) shorten the maturity of such Subordinated Debt; (c) change any event of default or add any covenant with respect to such Debt; (d) change the payment provisions of such Debt; (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 Debt in a manner adverse to Borrower, Agent or any Lender.
Changes Relating to Subordinated Debt. Until the Obligations have been satisfied in full and the Agreement has been terminated in accordance with its terms, Borrower shall not agree to any amendment or waiver of any document in connection with the Subordinated Obligations.
Changes Relating to Subordinated Debt. Borrower shall not, nor shall it cause or permit any Subsidiary thereof to do any of the following:
(A) change or amend the terms of any Subordinated Debt (or any indenture or agreement in connection therewith); or
(B) prepay, defease or purchase any of the Subordinated Debt; provided, however, that the TimeMasters Debt may be paid at any time in accordance with the terms and conditions of the TimeMasters Debt Documents and the TimeMasters Subordination Agreement.
Changes Relating to Subordinated Debt. No Credit Party shall change or amend the terms of any Subordinated Debt (or any indenture or agreement in connection therewith) or make any prepayment of any Subordinated Debt.