Common use of Technical Amendments Clause in Contracts

Technical Amendments. Notwithstanding the foregoing, this Agreement may be amended solely with the consent of each Agent and Lead Borrower without the need to obtain the consent of any other Lender if such amendment is delivered in order to (i) correct or cure (A) ambiguities, errors, omissions, or defects or (B) incorrect cross-references or similar inaccuracies or (ii) effectuate administrative changes of a technical or immaterial nature.

Appears in 6 contracts

Sources: Credit Agreement (B. Riley Financial, Inc.), Abl Credit Agreement (B. Riley Financial, Inc.), Credit Agreement (Franchise Group, Inc.)

Technical Amendments. Notwithstanding the foregoing, this Agreement may be amended solely with the consent of each Administrative Agent and Lead Borrower without the need to obtain the consent of any other Lender if such amendment is delivered in order to (i) correct or cure (A) ambiguities, errors, omissions, or defects or (B) incorrect cross-references or similar inaccuracies or (ii) effectuate administrative changes of a technical or immaterial nature.

Appears in 3 contracts

Sources: Credit Agreement (Liberty Tax, Inc.), Credit Agreement (Liberty Tax, Inc.), Credit Agreement (Franchise Group, Inc.)

Technical Amendments. Notwithstanding the foregoing, this Agreement may be amended solely with the consent of each Administrative Agent and Lead Borrower without the need to obtain the consent of any other Lender if such amendment is delivered in order to (i) correct or cure (A) ambiguities, errors, omissions, or defects or (B) incorrect cross-references cross‑references or similar inaccuracies or (ii) effectuate administrative changes of a technical or immaterial nature.

Appears in 2 contracts

Sources: Second Lien Credit Agreement (Great Lakes Dredge & Dock CORP), Credit Agreement (Orbital Energy Group, Inc.)