Common use of Supermajority Consent Clause in Contracts

Supermajority Consent. Notwithstanding the foregoing, no amendment, waiver or consent shall, unless in writing and signed by the Supermajority Leaders (which must include the Lender then acting as Administrative Agent, so long as it is not then a Defaulting Lender), do any of the following: (i) amend Sections 11.1(l)(i), 11.1(l)(ii) or 11.1(l)(vi); or (ii) release or dispose of any collateral unless released or disposed of as permitted by, and in accordance with, Section 12.3 or Section 4.2.; or (iii) modify the definitions of the terms "Borrowing Base" or "Permanent Loan Estimate" (or the definitions used in such definitions or the percentages or rates used in the calculation thereof).

Appears in 2 contracts

Sources: Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)