Common use of Changes in Organizational Documents Clause in Contracts

Changes in Organizational Documents. The Borrowers shall not, and shall not permit any Loan Party to, amend any provisions of its certificate of incorporation relating to capital stock, form of organization, jurisdiction of organization or name without, in each case, providing at least ten (10) Business Days’ prior written notice to the Administrative Agent and the Banks, taking all steps required by the Administrative Agent to continue its Prior Security Interest in the Collateral and, in the event such change would be adverse to the Banks as determined by the Administrative Agent in its reasonable discretion, obtaining the prior written consent of the Required Banks.

Appears in 8 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

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Changes in Organizational Documents. The Borrowers shall not, and shall not permit any Loan Party to, amend any provisions of its certificate of incorporation relating to capital stock, form of organization, jurisdiction of organization or name without, in each case, providing at least ten (10) Business Days' prior written notice to the Administrative Agent and the Banks, taking all steps required by the Administrative Agent to continue its Prior Security Interest in the Collateral and, in the event such change would be adverse to the Banks as determined by the Administrative Agent in its reasonable discretion, obtaining the prior written consent of the Required Banks.

Appears in 4 contracts

Samples: Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc), Credit Agreement (Triumph Group Inc)

Changes in Organizational Documents. The Borrowers Each of the Loan Parties shall not, and shall not permit any Loan Party of its Subsidiaries to, amend in any provisions of respect its certificate of incorporation (including any provisions or resolutions relating to capital stock), form of organization, jurisdiction of organization bylaws or name without, in each case, other organizational documents without providing at least ten thirty (1030) Business Days’ calendar days' prior written notice to the Administrative Agent and the Banks, taking all steps required by the Administrative Agent to continue its Prior Security Interest in the Collateral Banks and, in the event such change would be adverse to the Banks as determined by the Administrative Agent in its reasonable discretion, obtaining the prior written consent of the Required Banks.

Appears in 2 contracts

Samples: Credit Agreement (Suburban Lodges of America Inc), Credit Agreement (Phymatrix Corp)

Changes in Organizational Documents. The Borrowers Borrower shall not, and shall not permit any Loan Party to, amend any provisions of its certificate of incorporation relating to capital stock, form of organization, jurisdiction of organization or name without, in each case, providing at least ten (10) Business Days’ prior written notice to the Administrative Agent and the Banks, taking all steps required by the Administrative Agent to continue its Prior Security Interest in the Collateral and, in the event such change would be adverse to the Banks as determined by the Administrative Agent in its reasonable discretion, obtaining the prior written consent of the Required Banks.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Changes in Organizational Documents. The Borrowers Except as permitted by Section 7.2.6, the Borrower shall not, and shall not permit any Loan Party of its Subsidiaries to, amend in any provisions of respect its certificate of incorporation (including -71- any provisions or resolutions relating to capital stock), form of organization, jurisdiction of organization by-laws or name without, in each case, other organizational documents without providing at least ten five (105) Business Days’ calendar days' prior written notice to the Administrative Agent and the Banks, taking all steps required by the Administrative Agent to continue its Prior Security Interest in the Collateral Banks and, in the event such change would be adverse to the Banks as determined by the Administrative Agent Required Banks in its reasonable their sole discretion, obtaining the prior written consent of the Required Banks.

Appears in 1 contract

Samples: Credit Agreement (Cuno Inc)

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Changes in Organizational Documents. The Borrowers shall not, and shall not permit any Loan Party to, amend any provisions of its certificate of incorporation relating to capital stockCapital Stock, form of organization, jurisdiction of organization or name without, in each case, providing at least ten (10) Business Days’ prior written notice to the Administrative Agent and the Banks, taking all steps required by the Administrative Agent to continue its Prior Security Interest in the Collateral and, in the event such change would be adverse to the Banks as determined by the Administrative Agent in its reasonable discretion, obtaining the prior written consent of the Required Banks.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Changes in Organizational Documents. The Borrowers Borrower shall not, and shall not permit any Loan Party of its Subsidiaries to, amend in any provisions of respect its certificate of incorporation (including any provisions or resolutions relating to capital stock), form by-laws, certificate of organizationlimited partnership, jurisdiction partnership agreement, certificate of organization formation, limited liability company agreement or name without, in each case, other organizational documents without providing at least ten (10) Business Dayscalendar days’ prior written notice to the Administrative Agent and the Banks, taking all steps required by the Administrative Agent to continue its Prior Security Interest in the Collateral Banks and, in the event such change would be adverse to the Banks as determined by the Administrative Agent in its reasonable sole discretion, obtaining the prior written consent of the Required Banks.

Appears in 1 contract

Samples: Credit Agreement (Arch Coal Inc)

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