AMENDMENTS TO THE SECURITY DOCUMENTS Sample Clauses

AMENDMENTS TO THE SECURITY DOCUMENTS. The Security Documents shall (if required by the Lender) be amended (in such form as approved by the Lender) and/or new Security Documents shall be issued so as to ensure that the amendments as set out in this Addendum will apply to the Security Documents and so that the Security Interest created under the Security Documents shall extend to the obligations of the Borrower under the Amended Facility Agreement.
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AMENDMENTS TO THE SECURITY DOCUMENTS. With effect on and from the Effective Date each of the Security Documents (other than the Loan Agreement and the Guarantee) shall be, and shall be deemed by this Supplemental Agreement to have been, amended as follows:
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AMENDMENTS TO THE SECURITY DOCUMENTS. Except as otherwise provided in this Section, the Administrative Agent and/or the Collateral Agent, as applicable, may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Security Documents, provided that (i) except as provided in this Section or in the Security Documents, without the prior consent of each Lender, neither Agent shall release all or substantially all of the collateral or otherwise terminate all or substantially all of the Liens under the Security Document and (ii) notwithstanding anything herein or in any other Loan Document to the contrary, upon any Disposition (including any Disposition of any Subsidiary) that is permitted hereunder or consented to by the Required Lenders or any other transaction or event resulting in any Subsidiary ceasing to be a Subsidiary of the Borrower, each Agent is hereby authorized to release, without the prior consent of any Lender and at the request of the Borrower, the Guarantee of such Subsidiary under Article III and/or any Liens on any of the property or Capital Stock of such Subsidiary under the Loan Documents or any other property which is the subject of such Disposition, as applicable. Each Agent shall take any action reasonably requested by the Borrower (at the Borrower’s sole cost and expense) to effect any such release.
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Related to AMENDMENTS TO THE SECURITY DOCUMENTS

  • Amendments to Security Documents Except to the extent otherwise expressly set forth in the Guarantee and Security Agreement or the other Loan Documents, no Security Document nor any provision thereof may be waived, amended or modified, nor may the Liens granted under the Guarantee and Security Agreement be spread to secure any additional obligations (excluding (x) any increase in the Loans and Letters of Credit hereunder pursuant to a Commitment Increase under Section 2.08(e), (y) any increase in any Other Secured Indebtedness or Shorter Term Secured Indebtedness permitted hereunder and (z) the spreading of such Liens to any Designated Indebtedness or Hedging Agreement Obligations (as defined in the Guarantee and Security Agreement) as provided for in the Guarantee and Security Agreement), except pursuant to an agreement or agreements in writing entered into by the Borrower, and by the Collateral Agent with the consent of the Required Lenders; provided that, (i) except as otherwise expressly permitted by the Loan Documents, without the written consent of each Lender and each Issuing Bank, no such agreement shall release all or substantially all of the Obligors from their respective obligations under the Security Documents and (ii) except as otherwise expressly permitted by the Loan Documents, without the written consent of each Lender and each Issuing Bank, no such agreement shall release all or substantially all of the collateral security or otherwise terminate all or substantially all of the Liens under the Security Documents, alter the relative priorities of the obligations entitled to the Liens created under the Security Documents (except in connection with securing additional obligations equally and ratably with the Loans and other obligations hereunder) with respect to all or substantially all of the collateral security provided thereby, except that no such consent shall be required, and the Administrative Agent is hereby authorized (and so agrees with the Borrower) to direct the Collateral Agent under the Guarantee and Security Agreement to, and in addition to the rights of such parties under the Guarantee and Security Agreement, the Administrative Agent and the Collateral Agent under the Guarantee and Security Agreement may, (1) release any Lien covering property (and to release any such guarantor) that is the subject of either a disposition of property not prohibited hereunder (including, without limitation, any property subject to a participation or repurchase transaction) or a disposition to which the Required Lenders or the required number or percentage of Lenders have consented (and such Lien shall be released automatically (A) to the extent provided in Section 10.03 of the Guarantee and Security Agreement and (B) to the extent permitted hereunder in connection with any property becoming subject to a participation or repurchase transaction), and (2) release from the Guarantee and Security Agreement any “Subsidiary Guarantor” (and any property of such Subsidiary Guarantor) that is designated as a “Designated Subsidiary” or becomes an Excluded Asset or an Immaterial Subsidiary in accordance with this Agreement or is otherwise no longer required to be a “Subsidiary Guarantor” (including, without limitation, because it ceases to be consolidated on the Borrower’s financial statements), so long as immediately after giving effect to any such release under this clause (2) and any Concurrent Transactions, (A) the Covered Debt Amount does not exceed the Borrowing Base and the Borrower delivers a certificate of a Financial Officer to such effect to the Administrative Agent, (B) either (I) the amount of any excess availability under the Borrowing Base immediately prior to such release is not diminished as a result of such release or (II) the Adjusted Gross Borrowing Base immediately after giving effect to such release is at least 110% of the Covered Debt Amount and (C) no Event of Default has occurred and is continuing.

  • Amendments to Loan Documents Upon any such assignment, the Borrower and the Guarantors shall, upon the request of the Agent, enter into such documents as may be reasonably required by the Agent to modify the Loan Documents to reflect such assignment.

  • The Security Documents (a) None of the Collateral is subject to any Liens except Permitted Liens.

  • Amendments to the Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendments to Documents The Trust shall furnish BISYS written copies of any amendments to, or changes in, any of the items referred to in Section 18 hereof forthwith upon such amendments or changes becoming effective. In addition, the Trust agrees that no amendments will be made to the Prospectuses or Statement of Additional Information of the Trust which might have the effect of changing the procedures employed by BISYS in providing the services agreed to hereunder or which amendment might affect the duties of BISYS hereunder unless the Trust first obtains BISYS' approval of such amendments or changes.

  • Amendments to Loan Agreement The Loan Agreement is hereby amended as follows:

  • Amendments to Security Agreement The Security Agreement is hereby amended as follows:

  • Amendments to the Credit Agreement The Credit Agreement is hereby amended as follows:

  • Amendments to Financing Agreement Subject to satisfaction of the conditions precedent set forth in Section 3 below, the Financing Agreement is hereby amended as follows:

  • Amendments to Finance Documents With effect on and from the Effective Date each of the Finance Documents other than the Loan Agreement shall be, and shall be deemed by this Agreement to have been, amended as follows:

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