Amendment of section 11.6 (successors and assigns; participations and purchasing lenders
Amendment of Section 11.6 (Successors and Assigns; Participations and Purchasing Lenders Sample Clauses
Amendment of Section 11.6 (Successors and Assigns; Participations and Purchasing Lenders. (a) Each of paragraph (b)(i)(A) and (b)(i)(B) of the Credit Agreement is hereby amended by (i) replacing the comma at the end of clause (x) with the word “and” and (ii) deleting clause (z). (b) Section 11.6(b)(i)(A) of the Credit Agreement is hereby amended by adding the following at the end thereof: ; provided, further, that the Borrower shall be deemed to have consented to any such assignment unless the Borrower shall object thereto by written notice to the Administrative Agent within five Business Days after having received notice thereof. (c) Section 11.6 of the Credit Agreement is hereby amended by adding the following new paragraph (g) at the end thereof: (g) Notwithstanding the foregoing, the Borrower will not, and will cause its Subsidiaries not to, acquire any Loans (whether by assignment, participation, purchase or 13 otherwise) any Loans or Commitments after the First Amendment Effective Date. Any Loans or Commitments owned or held (legally or beneficially) by the Borrower or any of its Subsidiaries shall be excluded in the determination of any voting matters under the Loan Documents and shall not have the right to vote in any bankruptcy action or proceeding, and none of the Borrower or any of its Subsidiaries as owner or holder (legally or beneficially) of any Loan or Commitment shall be permitted to attend any “Lender — only” conference calls or receive any “Lender — only” information.