(b)(v) Sample Clauses

(b)(v). Upon request by Administrative Agent at any time, Lenders will confirm in writing Administrative Agent’s authority to release particular types or items of Collateral under this Section 13.11(e).
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(b)(v). (c) The Borrower will not, and will not permit any Restricted Subsidiary to, amend or modify any documentation governing any Junior Financing, in each case if the effect of such amendment or modification (when taken as a whole) is materially adverse to the Lenders.
(b)(v). (A), but subject to the other terms and conditions hereof, if the Company so requests in a LC Application, the Issuing Lender shall issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”). Any such Auto-Extension Letter of Credit must permit the Issuing Lender to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the Issuing Lender, the Company shall not be required to make a specific request to the Issuing Lender for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the Issuing Lender to permit the extension of such Letter of Credit at any time to an expiry date not later than the latest date for expiry of Letters of Credit permitted by this Section 2.10(b); provided, however, that the Issuing Lender shall not be required to permit any such extension if (1) the Issuing Lender has determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof, or (2) it has received notice (which may be by telephone or in writing) on or before the day that is seven Business Days before the Non-Extension Notice Date from the Administrative Agent, any Lender or the Company that one or more of the applicable conditions specified in Section 5.02 is not then satisfied, and in each such case directing the Issuing Lender not to permit such extension.
(b)(v). Section 6.3(b)(v) of the Loan Agreement is hereby amended by deleting Section 6.3(b)(v) in its entirety and replacing it with the following:
(b)(v). Section 2.6(b)(v) of the Term Loan Agreement is hereby amended and restated to read in its entirety as follows:
(b)(v). Section 7.03(b)(v) of the Credit Agreement is hereby amended by replacing the reference to “to” appearing therein with a reference to “in.”
(b)(v). Section 1.6(b)(v) of the Agreement is hereby amended and restated in its entirety to read as follows:
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(b)(v). Upon request by Administrative Agent at any time, Xxxxxxx will confirm in writing Administrative Agent’s authority to release particular types or items of Collateral under this Section 13.11(e).

Related to (b)(v)

  • Due Organization; Subsidiaries (a) The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of Delaware and has all necessary corporate power and authority: (i) to conduct its business in the manner in which its business is currently being conducted; (ii) to own or lease and use its property and assets in the manner in which its property and assets are currently owned or leased and used; and (iii) to perform its obligations under all Contracts by which it is bound.

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