2Limitations. The agreement of Borrowers shall not be required for any modification of a Loan Document that deals solely with the rights and duties of Lenders, Agent and/or Issuing Bank as among themselves. Only the consent of the parties to any agreement relating to fees or a Bank Product shall be required for modification of such agreement, and no Bank Product provider (in such capacity) shall have any right to consent to modification of any Loan Document other than its Bank Product agreement. Any waiver or consent granted by Agent or Lenders hereunder shall be effective only if in writing and only for the matter specified.
Appears in 2 contracts
Sources: Loan and Security Agreement (Mynd.ai, Inc.), Loan Agreement and Forbearance Agreement (School Specialty Inc)
2Limitations. The agreement of Borrowers Borrower shall not be required for any modification of a Loan Document that deals solely with the rights and duties of Lenders, Lenders and/or Agent and/or Issuing Bank as among themselves. Only the consent of the parties to any agreement relating to fees or a Bank Product shall be required for modification of such agreement, and no Bank Product provider (in such capacity) shall have any right to consent to modification of any Loan Document other than its Bank Product agreement. Any waiver or consent granted by Agent or Lenders hereunder shall be effective only if in writing and only for the matter specified.
Appears in 1 contract
Sources: Loan Agreement and Forbearance Agreement (School Specialty Inc)