Changes in Documents. 7.2.14.1 The Loan Parties shall not, and shall not permit any Subsidiary to, amend in any respect their respective certificate of incorporation (including any provisions or resolutions relating to capital stock), by-laws, certificate of limited partnership, partnership agreement, certificate of formation, limited liability company agreement or other organizational documents without providing at least thirty (30) calendar days’ prior written notice to Agent and the Banks and, in the event such change would be materially adverse to the Banks as determined by Agent in its reasonable discretion (including any change that would affect the classification of the equity interests issued by such entity under the Uniform Commercial Code), obtaining the prior written consent of the Required Banks. 7.2.14.2 The Loan Parties will not amend, replace or terminate the Management Fee Agreement or similar agreements with Parent or its owners or the Stockholder Agreements without the prior written consent of the Required Banks. 7.2.14.3 The Loan Parties shall not, and shall not permit any Subsidiary to, make, or agree to make, any modification, amendment or waiver of any of the terms or provisions of, and no Loan Party will fail to enforce or diligently pursue its material remedies under, the Acquisition Documents, as in existence on March 27, 2012 in a manner materially and disproportionately adverse to Agent or the Banks as determined by Agent in its reasonable discretion or in a manner that would reasonably be expected to result in a Material Adverse Change.
Appears in 2 contracts
Sources: Credit Agreement (Interface Security Systems, L.L.C.), Credit Agreement (Interface Security Systems Holdings Inc)