Common use of Change in Structure Clause in Contracts

Change in Structure. Except as expressly permitted under Section 5.3, no Credit Party (other than Holdings) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure or amend any of its Organization Documents, in each case, in any respect materially adverse to Agent or Lenders in their capacity as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged to Agent in accordance with Section 4.13.

Appears in 1 contract

Samples: Credit Agreement (WII Components, Inc.)

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Change in Structure. Except as expressly permitted under Section 5.35.3 or solely with respect to Borrower in connection with an initial public offering of the Stock of the Borrower, no Credit Party (other than Holdings) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents, Documents in each case, any material respect or in any respect materially adverse to the Agent or Lenders in their capacity as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged to Agent in accordance with Section 4.13Lenders.

Appears in 1 contract

Samples: Credit Agreement (Banctec Inc)

Change in Structure. Except as expressly permitted under Section 5.3this Agreement, no Credit Party (other than Holdings) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents, Documents in each case, any material respect or in any respect materially adverse to the Agent, the Second Lien Collateral Agent or Lenders in their capacity as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged to Agent in accordance with Section 4.13Lenders.

Appears in 1 contract

Samples: Credit Agreement (CSAV Holding Corp.)

Change in Structure. Except as expressly permitted under Section 5.3, no Credit Party (other than Holdings) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure structure, issue any Stock or Stock Equivalents (other than Stock of Parent) or amend any of its Organization DocumentsDocuments in any material respect and, in each case, in any respect materially adverse to Agent or Lenders in their capacity as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged to Agent in accordance with Section 4.13Lenders.

Appears in 1 contract

Samples: Credit Agreement (Tembec Industries Inc)

Change in Structure. Except as expressly permitted under Section 5.36.3, no Credit Party (other than Holdings) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure or amend any of its Organization DocumentsDocuments in any respect which, in each case, in any respect shall be materially adverse to Agent or Lenders in their capacity as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged Lenders. No Credit Party shall permit Holdings to Agent in accordance with Section 4.13cease to be a publicly traded company.

Appears in 1 contract

Samples: Credit Agreement (Eplus Inc)

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Change in Structure. Except as expressly permitted under Section 5.3hereunder, no Credit Party shall, and no Credit Party (other than HoldingsParent) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents, in each case, Documents in any respect materially adverse to Agent (in its capacity as such) or Lenders (in their capacity capacities as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged to Agent in accordance with Section 4.13such).

Appears in 1 contract

Samples: Credit Agreement (Ignite Restaurant Group, Inc.)

Change in Structure. Except as expressly permitted under Section 5.3this Agreement, no Credit Party (other than Holdings) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure (including in the terms of its outstanding Stock or Stock Equivalents), or amend any of its Organization Documents, Documents in each case, any material respect or in any respect materially adverse to the Agent or Lenders in their capacity as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged to Agent in accordance with Section 4.13Lenders.

Appears in 1 contract

Samples: Credit Agreement (CSAV Holding Corp.)

Change in Structure. Except as expressly permitted under Section 5.3Sections 5.3 or 5.16(b), no Credit Party (other than Holdings) shall, and no Credit Party shall permit any of its Subsidiaries to, make any material changes in its equity capital structure structure, issue any Stock or Stock Equivalents or amend any of its Organization DocumentsDocuments in any material respect and, in each case, in any respect materially adverse to Agent or Lenders in their capacity as such or issue any Stock or Stock Equivalents unless such Stock or Stock Equivalents are pledged to Agent in accordance with Section 4.13Lenders.

Appears in 1 contract

Samples: Credit Agreement (Igi Laboratories, Inc)

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