Additional Undertakings. The Pledgor will not, without the prior written consent of the Pledgee, take or omit to take any action the taking or the omission of which could with reasonable likelihood result in any impairment or alteration of any Instrument constituting Collateral. In furtherance of the foregoing, the Pledgor agrees that it will not, without the prior written consent of the Pledgee, which consent shall not be unreasonably withheld: (a) enter into any agreement amending, supplementing, or waiving any provision of any Pledged Note (including any underlying Instrument pursuant to which such Pledged Note is issued) or compromising or releasing or extending the time for payment of any obligation of the maker thereof; or (b) take or omit to take any action the taking or the omission of which would result in any impairment or alteration of any obligation of the maker of any Pledged Note or other Instrument constituting Collateral.
Appears in 3 contracts
Sources: Senior Secured Credit Agreement (Surebeam Corp), Senior Secured Credit Agreement (Titan Corp), Senior Secured Credit Agreement (Surebeam Corp)
Additional Undertakings. The No Pledgor will notwill, without the prior written consent of the Pledgee, take or omit to take any action the taking or the omission of which could with reasonable likelihood result in any impairment or alteration of any Instrument constituting Collateral. In furtherance of the foregoing, the each Pledgor agrees that it will not, without the prior written consent of the Pledgee, which consent shall not be unreasonably withheld:
(a) enter into any agreement amending, supplementing, or waiving any provision of any Pledged Note (including any underlying Instrument pursuant to which such Pledged Note is issued) or compromising or releasing or extending the time for payment of any obligation of the maker thereof; or
(b) take or omit to take any action the taking or the omission of which would result in any impairment or alteration of any obligation of the maker of any Pledged Note or other Instrument constituting Collateral.
Appears in 3 contracts
Sources: Senior Secured Credit Agreement (Surebeam Corp), Senior Secured Credit Agreement (Titan Corp), Senior Secured Credit Agreement (Surebeam Corp)
Additional Undertakings. The No Pledgor will notwill, without the prior written consent of the PledgeeAdministrative Agent, take or omit to take any action the taking or the omission of which could with reasonable likelihood result in any impairment or alteration of any Instrument instrument constituting Collateral. In furtherance of the foregoing, the each Pledgor agrees that it will not, without the prior written consent of the Pledgee, Administrative Agent (which consent shall not be unreasonably withheld:):
(a) enter into any agreement amending, supplementing, or waiving any provision of any Pledged Note (including any underlying Instrument instrument pursuant to which such Pledged Note is issued) or compromising or releasing or extending the time for payment of any obligation of the maker thereof; or
(b) take or omit to take any action the taking or the omission of which would result in any impairment or alteration of any obligation of the maker of any Pledged Note or other Instrument instrument constituting Collateral.
Appears in 2 contracts
Sources: Pledge Agreement (Titan Corp), Credit Agreement (Titan Corp)
Additional Undertakings. The Pledgor will not, without the prior written consent of the Pledgee, take or omit to take any action the taking or the omission of which could with reasonable likelihood result in any impairment or alteration of any Instrument constituting Collateral. In furtherance of the foregoing, the Pledgor agrees that it will not, without the prior written consent of the Pledgee, which consent shall not be unreasonably withheld:
(a) : enter into any agreement amending, supplementing, or waiving any provision of any Pledged Note (including any underlying Instrument pursuant to which such Pledged Note is issued) or compromising or releasing or extending the time for payment of any obligation of the maker thereof; or
(b) or take or omit to take any action the taking or the omission of which would result in any impairment or alteration of any obligation of the maker of any Pledged Note or other Instrument constituting Collateral.
Appears in 1 contract
Additional Undertakings. The No Pledgor will notwill, without the prior written consent of the Pledgee, take or omit to take any action the taking or the omission of which could with reasonable likelihood result in any impairment or alteration of any Instrument constituting Collateral. In furtherance of the foregoing, the each Pledgor agrees that it will not, without the prior written consent of the Pledgee, which consent shall not be unreasonably withheld:
(a) : enter into any agreement amending, supplementing, or waiving any provision of any Pledged Note (including any underlying Instrument pursuant to which such Pledged Note is issued) or compromising or releasing or extending the time for payment of any obligation of the maker thereof; or
(b) or take or omit to take any action the taking or the omission of which would result in any impairment or alteration of any obligation of the maker of any Pledged Note or other Instrument constituting Collateral.
Appears in 1 contract