Agented Loans Sample Clauses
Agented Loans. Except as provided in Section 7.4(a), the Servicer and the Originator covenant that they shall not without the prior written consent of the Agent and each Lender (i) make or consent to any amendment or alteration of the terms of any Agented Loan or related Loan Documents, including without limitation the payments due thereunder, (ii) undertake to release or authorize or consent to the release of any collateral or security for the Agented Loans, (iii) accelerate or extend the maturity of any Agented Loan or (iv) waive any claim against the Obligor or any applicable guarantor thereof, where the effect of any of the foregoing would have a material adverse effect on the Collateral, the Agent or any other Secured Party.
Agented Loans. If the Loan is originated as a part of a syndicated loan transaction, then (i) the related Loan Documents provide for the appointment and duties of a payment agent and a collateral agent (which shall have become effective), (ii) all required notifications, if any, have been given to the collateral agent, the payment agent and any other parties required by the Loan Documents, and all required consents, if any, have been obtained with respect to, the Originator’s assignment of the Loan and the Originator’s right, title and interest in the Loan Documents and the related collateral security therefor to the Depositor (and by the Depositor to the Borrower) and (iii) the right to control the actions of the collateral agent and/or the paying agent of the syndicated notes is by a simple majority of the holders of the loans thereunder (voting as a single pool).