Common use of Unanimity Clause in Contracts

Unanimity. Notwithstanding anything herein to the contrary and without limiting in any way the context of any provision in this Agreement requiring the consent, approval or action of all Lenders, the following matters will require the approval, consent or agreement, as the context requires, of all Lenders: (i) the reduction or forgiveness of any Indebtedness payable by the Borrower to the Lenders or the Agent under the Documents (which for certainty does not include prepayments made in accordance with Section 2.4); (ii) the postponement of any maturity date of any Indebtedness of the Borrower to the Lenders or the Agent under the Documents; (iii) the release or discharge of, or any material amendment to, the Security, or any part thereof, unless otherwise expressly permitted or provided for in this Agreement; (iv) any change in the nature of Advances permitted under this Agreement or any change to Sections 2.2, 2.3, 2.6, 2.7, 2.8, 2.9(a), 5.1, 6.2, and 9.2; (v) any amendment to this Section 14.16 and Section 12.2; and (vi) any change to the definitions of “Majority Lenders”.

Unanimity. Notwithstanding anything herein to the contrary and without limiting in any way the context of any provision in this Agreement requiring the consent, approval or action of all Lenders, the following matters will require the approval, consent or agreement, as the context requires, of all Lenders: (i) the reduction or forgiveness of any Indebtedness payable by the Borrower to the Lenders or the Agent under the Documents (which for certainty does not include prepayments made in accordance with Section 2.43.7); (ii) the postponement of any maturity date of any Indebtedness of the Borrower to the Lenders or the Agent under the Documents; (iii) the release or discharge of, or any material amendment to, the Security, or any part thereof, unless otherwise expressly permitted or provided for in this Agreement; (iv) any change in the nature of Advances permitted under this Agreement or any change to Sections 2.23.4, 2.33.5, 2.63.6, 2.73.9, 2.83.10, 2.9(a3.11, 3.12(a), 5.16.1, 6.2, 7.2, 7.3, and 9.212.2; (v) any amendment to this Section 14.16 19.16 and Section 12.217.2; and (vi) any change to the definitions of “Majority Lenders” or “LIBOR Period”.