Common use of Changes Relating to Subordinated Debt Clause in Contracts

Changes Relating to Subordinated Debt. The Company shall not change or amend the terms of the Ramsay Subordinated Note, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenant; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated Indebtedness; 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 to the holder of such Subordinated Indebtedness in a manner adverse to any Holder.

Changes Relating to Subordinated Debt. The Company shall not No Borrower shall, or cause or permit its Subsidiaries to, directly or indirectly, change or amend the terms of the Ramsay any of its Subordinated Note, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness (or any indenture or agreement in connection therewith) Debt if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Indebtedness; (b) change accelerate the dates upon which payments of principal or interest are due on such Subordinated Indebtedness other than to extend such datesIndebtedness; (c) change add or make more likely any default or event of default other than to delete or add or make less more restrictive any default provision therein; (d) change or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenantIndebtedness; (d) change add or make more onerous on any Borrower the redemption or prepayment provisions of such Subordinated Indebtedness other than to extend the dates therefor or to reduce the premiums payable in connection therewithIndebtedness; (e) grant change the subordination provisions thereof (or the subordination terms of any security guaranty thereof) in a manner adverse to any Borrower, Investment Manager or collateral to secure payment of such Subordinated IndebtednessLender; 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 to on the holder of such Subordinated Indebtedness in a manner adverse to any HolderBorrower or Lender; 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.

Changes Relating to Subordinated Debt. The Company (a) No Credit Party shall not change or amend the terms of the Ramsay any Subordinated Note, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness Debt (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated IndebtednessDebt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness Debt other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change , or add any covenant with respect to such Subordinated Indebtedness other Debt that is more restrictive than to make less restrictive any such covenantcontained herein; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated IndebtednessDebt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor Credit Party thereunder or confer additional material rights to on the holder of such Subordinated Indebtedness Debt in a manner adverse to any HolderCredit Party, any Agent or any Lender.

Changes Relating to Subordinated Debt. The Company No Credit Party shall not ------------------------------------- change or amend the terms of the Ramsay any Subordinated NoteDebt, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness (or any indenture or agreement in connection therewith) , including, without limitation, the Subordinated Debentures or any of the Subordinated Debentures Restructuring Documents, if the effect of such amendment is to: (a) increase the interest rate on any such Subordinated IndebtednessDebt or permit the payment of cash interest in circumstances where payment in kind (i.e. PIK) interest is provided for; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness Debt other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change , or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenantDebt; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated IndebtednessDebt; or (f) change or amend any other term if such change or amendment would materially increase the obligations of the obligor Credit Party thereunder or confer additional material rights to on the holder of such Subordinated Indebtedness Debt in a manner adverse to any HolderCredit Party, Agent or any Lender.

Changes Relating to Subordinated Debt. The Company No Credit Party shall not (a) change or amend the terms of the Ramsay any Subordinated Note, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness Debt (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (ai) increase the interest rate on such Subordinated IndebtednessDebt; (bii) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness Debt other than to extend such dates; (ciii) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change , or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenantDebt; (div) change the redemption or prepayment provisions of such Subordinated Indebtedness Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (ev) grant any security or collateral to secure payment of such Subordinated IndebtednessDebt in which Agent does not have a first priority perfected security interest for the benefit of Lenders; 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 to the holder of such Subordinated Indebtedness Debt in a manner adverse to any HolderCredit Party, Agent or any Lender; or (b) prepay, defease or purchase any Subordinated Debt except as permitted in Section 6.14.

Changes Relating to Subordinated Debt. The Company No Credit Party shall not change or amend the terms of the Ramsay Subordinated Note, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness Debt (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated IndebtednessDebt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness Debt other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change , or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenantDebt; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated IndebtednessDebt; (f) change the subordination provisions thereof; (g) amend the financial covenants of such Subordinated Debt to make them more restrictive; or (fh) change or amend any other term if such change or amendment would materially increase the obligations of the obligor or confer additional material rights to the holder of such Subordinated Indebtedness Debt in a manner adverse to any HolderCredit Party, Administrative Agent, Documentation Agent or any Lender.

Changes Relating to Subordinated Debt. The Company Neither the Borrower nor any of its Restricted Subsidiaries shall not change or amend the terms of the Ramsay any Subordinated Note, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness Debt (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated IndebtednessDebt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness Debt other than to extend such dates; (c) change any default or event of default or covenant other than to delete or make less restrictive any default or covenant provision therein; (d) change , or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenantDebt; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security security, collateral or collateral guaranty to secure payment of such Subordinated IndebtednessDebt; 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 to the holder of such Subordinated Indebtedness Debt in a manner adverse to the Borrower, any HolderRestricted Subsidiary, the Agent or any Lender.

Changes Relating to Subordinated Debt. The Company Neither ------------------------------------- Borrower nor any other Credit Party shall not change or amend the terms of the Bridge Notes, the Senior Subordinated Notes, the Ramsay Subordinated Note, the Bridge Note Purchase Agreement, the Senior Subordinated Note Agreement, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenant; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated Indebtedness; 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 to the holder of such Subordinated Indebtedness in a manner adverse to any HolderCredit Party, the Administrative Agent or any Lender.

Changes Relating to Subordinated Debt. The Company Neither Borrower ------------------------------------- nor any other Credit Party shall not change or amend the terms of the Ramsay Subordinated NoteBridge Notes, the Ramsay Senior Subordinated Notes, the Bridge Note Purchase Agreement, the Senior Subordinated Note Purchase Agreement or any other Subordinated Indebtedness (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenant; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated Indebtedness; 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 to the holder of such Subordinated Indebtedness in a manner adverse to any HolderCredit Party, the Administrative Agent or any Lender.

Changes Relating to Subordinated Debt. The Company Neither Borrower nor any other Credit Party shall not change or amend the terms of the Series B Bridge Notes, the Ramsay Subordinated Note, the Bridge Note Purchase Agreement, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated Indebtedness; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness other than to extend such dates; (c) change any default or event of default other than to delete or make less restrictive any default provision therein; (d) change or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenant; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security or collateral to secure payment of such Subordinated Indebtedness; 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 to the holder of such Subordinated Indebtedness in a manner adverse to any HolderCredit Party, the Administrative Agent or any Lender.

Changes Relating to Subordinated Debt. The Company Neither the Borrower nor any of its Restricted Subsidiaries shall not change or amend the terms of the Ramsay any Subordinated Note, the Ramsay Subordinated Note Purchase Agreement or any other Subordinated Indebtedness Debt (or any indenture or agreement in connection therewith) if the effect of such amendment is to: (a) increase the interest rate on such Subordinated IndebtednessDebt; (b) change the dates upon which payments of principal or interest are due on such Subordinated Indebtedness Debt other than to extend such dates; (c) change any default or event of default or covenant other than to delete or make less restrictive any default or covenant provision therein; (d) change , or add any covenant with respect to such Subordinated Indebtedness other than to make less restrictive any such covenantDebt; (d) change the redemption or prepayment provisions of such Subordinated Indebtedness Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith; (e) grant any security security, collateral or collateral guaranty to secure payment of such Subordinated IndebtednessDebt; (f) change the terms upon which such Subordinated Debt is subordinated to the Obligations or in any respect diminish the rights of the Agent and the Lenders with respect to such subordination; 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 to the holder of such Subordinated Indebtedness Debt in a manner adverse to the Borrower, any HolderRestricted Subsidiary, the Agent or any Lender.