Common use of Changes Relating to Indebtedness Clause in Contracts

Changes Relating to Indebtedness. Borrower will not and will not permit any of its Restricted Subsidiaries directly or indirectly to change or amend the terms of any of its Indebtedness permitted by subsections 3.1 (C) or (F) if the effect of such amendment is to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (c) change any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (d) change the prepayment provisions of such Indebtedness; (e) change the subordination provisions thereof, if any (or the subordination terms of any guaranty thereof, if any); or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower, any of its Restricted Subsidiaries or Lenders.

Appears in 1 contract

Samples: Credit Agreement (Portola Packaging Inc)

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Changes Relating to Indebtedness. Borrower will The Credit Parties shall not and will shall not cause or permit any of its Restricted their Domestic Subsidiaries to directly or indirectly to change or amend the terms of any of its Indebtedness permitted by subsections Section 3.1 (Cd), (e), (f) or (Fg) if the effect of such amendment is to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (c) change any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (d) change the redemption or prepayment provisions of such Indebtedness; (e) change the subordination provisions thereof, if any thereof (or the subordination terms (if any) of any guaranty thereof, if any); or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower, any of its Restricted Subsidiaries Credit Party or Lenders; or (g) increase the portion of interest payable in cash with respect to any Indebtedness for which interest is payable by the issuance of payment-in-kind notes or is permitted to accrue.

Appears in 1 contract

Samples: Credit Agreement (Telex Communications International LTD)

Changes Relating to Indebtedness. Borrower will shall not and will not permit any of its Restricted Subsidiaries directly or indirectly change or amend the terms of the Senior Debt if such amendment is prohibited under the Intercreditor Agreement. Borrower shall not and shall not cause or permit its Subsidiaries to directly or indirectly change or amend the terms of any of its Indebtedness permitted by subsections 3.1 (C) or (F) Subordinated Debt if the effect of such amendment is to: (a) increase the interest rate on such Indebtedness; (b) change accelerate the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (c) change make more restrictive any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (d) change the redemption or prepayment provisions of such Indebtedness; (e) change the subordination provisions thereof, if any thereof (or the subordination terms of any guaranty thereof, if any); or (f) change or amend any other term if such change or amendment would materially increase the obligations portion of interest payable in cash with respect to any Indebtedness for which interest is payable by the obligor issuance of payment-in-kind notes or confer additional material rights on the holder of such Indebtedness in a manner adverse is permitted to Borrower, any of its Restricted Subsidiaries or Lendersaccrue.

Appears in 1 contract

Samples: Loan and Security Agreement (Five9, Inc.)

Changes Relating to Indebtedness. Borrower will not and will not permit any of its Restricted Subsidiaries or First Tier Holdings directly or indirectly to change or amend the terms of any of its Indebtedness permitted by subsections 3.1 3.1(C), (CD) or and (FE) if the effect of such amendment is to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (c) change any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (d) change the prepayment provisions of such Indebtedness; (e) change the subordination provisions thereof, if any thereof (or the subordination terms of any guaranty thereof, if any); or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower, any of its Restricted Subsidiaries Subsidiaries, First Tier Holdings or Lenders.

Appears in 1 contract

Samples: Credit Agreement (Sunsource Inc)

Changes Relating to Indebtedness. Borrower will The Credit Parties shall not and will shall not cause or permit any of its Restricted their Subsidiaries to directly or indirectly to change or amend the terms of any of its Indebtedness (a) permitted by subsections 3.1 (CSection 3.1(b), Section 3.1(f) or (FSection 3.1(i) if the effect of such amendment is to: (ai) increase the interest rate on such Indebtedness; (bii) change the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (ciii) change any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (div) change the redemption or prepayment provisions of such Indebtedness; (ev) change the subordination provisions thereof, if any thereof (or the subordination terms of any guaranty thereof, if any); or (fvi) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower, any of its Restricted Subsidiaries Credit Party or Lenders; or (vii) increase the portion of interest payable in cash with respect to any Indebtedness for which interest is payable by the issuance of payment-in-kind notes or is permitted to accrue or (b) permitted by Section 3.1(d) in a manner prohibited by the Intercreditor Agreement.

Appears in 1 contract

Samples: Credit Agreement (Penhall International Corp)

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Changes Relating to Indebtedness. Borrower will The Credit Parties shall not and will shall not cause or permit any of its Restricted their Subsidiaries to directly or indirectly to change or amend the terms of any of its Indebtedness permitted by subsections 3.1 (CSection 3.1(b), Section 3.1(d), Section 3.1(e), Section 3.1(f) or (FSection 3.1(g) if the effect of such amendment is to: (a) increase the interest rate on such Indebtedness; (b) change the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (c) change any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (d) change the redemption or prepayment provisions of such Indebtedness; (e) change the subordination provisions thereof, if any thereof (or the subordination terms of any guaranty thereof, if any); or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower, any of its Restricted Subsidiaries Credit Party or Lenders; or (g) increase the portion of interest payable in cash with respect to any Indebtedness for which interest is payable by the issuance of payment-in-kind notes or is permitted to accrue.

Appears in 1 contract

Samples: Credit Agreement (Penhall International Corp)

Changes Relating to Indebtedness. Borrower will Great Lakes shall not and will shall not cause or permit any of its Restricted Subsidiaries to directly or indirectly to change or amend the terms of any of its Indebtedness permitted by subsections 3.1 (C) or (Fexcluding the Obligations) if the effect of such amendment is to: (a) increase the interest rate by more than three percent (3.00%) on such Indebtedness; (b) change accelerate the dates upon which payments of principal or interest are due on or due; (c) increase the principal amount of such Indebtedness; (cd) change any event of default or add or make more restrictive any covenant with respect to such Indebtedness; (de) change the redemption or prepayment provisions of such Indebtedness; (ef) change the subordination provisions thereof, if any thereof (or the subordination terms of any guaranty thereof, if any); or (fg) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower, any of its Restricted Subsidiaries Great Lakes or Lenders; or (h) increase the portion of interest payable in cash with respect to any Indebtedness for which interest is payable by the issuance of payment-in-kind notes or is permitted to accrue.

Appears in 1 contract

Samples: Credit Agreement (Great Lakes Aviation LTD)

Changes Relating to Indebtedness. Borrower will The Credit Parties shall not and will shall not cause or permit any of its Restricted their Subsidiaries to directly or indirectly to change or amend the terms of any of its Indebtedness permitted by subsections Section 3.1 (Cc) or and (Fe) if the effect of such amendment is to: (a) increase the interest rate on such Indebtedness; (b) change make earlier the dates upon which payments of principal or interest are due on or principal amount of such Indebtedness; (c) change any event of default or add or make more restrictive any covenant or event of default with respect to such Indebtedness; (d) change the redemption or prepayment provisions of such IndebtednessIndebtedness in a manner adverse to any Credit Party, any Subsidiary of any Credit Party, Agent, or any Lender; (e) change the subordination provisions thereof, if any thereof (or the subordination terms of any guaranty thereof, if any); or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights on the holder of such Indebtedness in a manner adverse to Borrower, any of its Restricted Subsidiaries Credit Party or Lenders; (g) increase the portion of interest payable in cash with respect to any Indebtedness for which interest is payable by the issuance of payment-in-kind notes or is permitted to accrue; (h) otherwise adversely affect Borrower or any other Credit Party; or (i) otherwise adversely affect Agent or Lenders or Borrower's ability to repay the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Comfort Systems Usa Inc)

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