Examples of Sponsor Management Agreement in a sentence
No Loan Party shall amend or otherwise modify, or waive any rights under (i) any Closing Date Acquisition Document in any manner materially adverse to Lender, (ii) any Subordinated Debt Document, except as permitted under the applicable subordination agreement to which Lender is a party or (iii) the Sponsor Management Agreement, except as permitted under the Management Fee Subordination Agreement.
Borrower has delivered to Lender a true and correct copy of the Related Agreements and the Sponsor Management Agreement pursuant hereto.
Target shall, and shall cause its Subsidiaries to, terminate at or prior to the Effective Time, without payment or penalty as set forth on Section 6.7 of the Target Disclosure Letter, each Contract between Target or a Subsidiary of Target, on the one hand, and any of their respective Affiliates (other than Target or any other Subsidiary of Target), on the other hand, including the Sponsor Management Agreement and the Sponsor Stockholders Agreement.
The Borrower will not, and will not permit any Subsidiary to, amend, modify or waive any of its rights under (i) any Senior Subordinated Debt Document, (ii) the Sponsor Management Agreement or (iii) its certificate of incorporation, by-laws or other organizational documents if, in each case referred to above, such amendment, modification or waiver, taken as a whole, is adverse in any material respect to the interests of the Lenders.
Amend any of its Organization Documents, the Sponsor Management Agreement or the documentation governing the Equity Contribution in a manner materially adverse to the Administrative Agents or the Lenders.