Common use of UNDERLYING OBLIGATIONS Clause in Contracts

UNDERLYING OBLIGATIONS. Anything in this Section 6 to the contrary notwithstanding, the Agent and the Banks hereby agree that the Banks shall not enter into any amendment to this Credit Agreement with any of the Borrowers (other than the Parent) without the consent of the Parent.

Appears in 1 contract

Sources: Revolving Credit Agreement (Sensormatic Electronics Corp)

UNDERLYING OBLIGATIONS. Anything in this Section 6 ss.6 to the contrary notwithstanding, the Agent and the Banks hereby agree that the Banks shall not enter into any amendment to this Credit Agreement with any of the Borrowers (other than the Parent) without the consent of the Parent.

Appears in 1 contract

Sources: Revolving Credit Agreement (Sensormatic Electronics Corp)