Change in Obligations Sample Clauses

Change in Obligations. Any change in the time, manner, or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement or any other Loan Document, including, without limitation, any increase in the Obligations resulting from the extension of additional credit to the Obligor or otherwise;
Sample 1
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Change in Obligations. Any instrument, document or agreement relating in any way to the Loan Documents or the Obligations which is executed and delivered by Borrower subsequent to the execution and delivery of the Loan Documents shall, whether or not approved or consented to by Guarantor, automatically become a part of the Loan Documents, and all of Guarantor’s agreements in this Guaranty shall apply to the Loan Documents and to the Obligations as modified by such subsequent instrument, document or agreement. If for any reason the arrangement provided for in the foregoing sentence is held to be ineffective with respect to Guarantor under a particular set of circumstances, and if Guarantor failed to approve or consent to any such subsequent instrument, document or agreement, the effect shall not be to work a discharge of Guarantor under this Guaranty or to reduce or impair in any way Guarantor’s obligations under this Guaranty; rather, such subsequent instrument, document or agreement shall merely be ineffective as against the non-consenting Guarantor to increase Guarantor’s obligations or liabilities under this Guaranty. The provisions of this Paragraph are not intended to and shall not modify or amend any other provision contained in this Guaranty.
Sample 1

Related to Change in Obligations

  • Change in Tax Law Any reference to a provision of the Code, Treasury Regulations or any other Applicable Tax Law shall include a reference to any applicable successor provision of the Code, Treasury Regulations or other Applicable Tax Law.

  • Change in Effective Control of the Company A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change of Control; or

  • Termination in Connection with a Change in Control a. For purposes of this Agreement, a “

  • Termination Due to Change in Control If the Company terminates Executive's employment without Cause (and for reasons other than death or Disability) in conjunction with a Change in Control (as defined below), Executive shall be entitled to receive all accrued but unpaid salary and benefits through the date of termination plus the Change in Control Benefit (as defined below).

  • Upon a Change in Control If a Change in Control shall have occurred at any time during the period in which this Agreement is effective, this Agreement shall continue in effect for (i) the remainder of the month in which the Change in Control occurred and (ii) a term of 12 months beyond the month in which such Change in Control occurred (such entire period hereinafter referred to as the "Protected Period"). Note that in certain circumstances defined and set forth below, provisions of this Agreement shall survive for longer than the period described above.

  • Change in Effective Control A Change in Effective Control occurs if, over a twelve (12) month period: (i) a person or group acquires stock representing thirty percent (30%) of the voting power of the corporation; or (ii) a majority of the members of the board of directors of the ultimate parent corporation is replaced by directors not endorsed by the persons who were members of the board before the new directors’ appointment, as defined in Treasury Regulations §1.409A-3(i)(5)(vi).

  • Termination Upon a Change in Control If Executive’s employment is subject to a Termination within a Covered Period, then, in addition to Minimum Benefits, the Company shall provide Executive the following benefits:

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