Common use of Payment for Consents Clause in Contracts

Payment for Consents. After the Closing Date, no Loan Party will, directly or indirectly, pay any remuneration or other thing of value, whether by way of additional interest, fee or otherwise, to any Lender (in its capacity as a Lender hereunder) as consideration for agreement by such Lender with any modification of any Loan Documents, unless such remuneration or value is concurrently paid, on the same terms, on a Pro Rata basis to all Lenders providing their consent.

Appears in 5 contracts

Samples: Loan, Security and Guarantee Agreement (Kraton Performance Polymers, Inc.), Intercreditor Agreement (MRC Global Inc.), Loan, Security and Guarantee Agreement (Kraton Performance Polymers, Inc.)

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Payment for Consents. After the Closing Date, no Loan Party will, directly or indirectly, pay any remuneration or other thing of value, whether by way of additional interest, fee or otherwise, to any Lender (in its capacity as a Lender hereunder) as consideration for agreement by such Lender with any modification of any Loan Documents, unless such remuneration or value is concurrently paid, on the same terms, on a Pro Rata basis to all Lenders providing their consent.. 203

Appears in 1 contract

Samples: Loan, Security and Guarantee Agreement (Edgen Group Inc.)

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