Common use of Changes to Organizational Documents Clause in Contracts

Changes to Organizational Documents. Borrower shall not amend or modify, or permit the amendment or modification of, the limited liability company agreements or other formation or organizational documents of Borrower, any Subsidiary, or any Subsidiary Guarantor in any material respect, without the prior written consent of Agent (which consent shall not be unreasonably withheld, conditioned or delayed). Without limiting the foregoing, any amendment to the provisions of any Preferred Securities of Borrower, or to the rights or powers of the holders of the Preferred Securities shall be a material amendment requiring the consent of Agent.

Appears in 10 contracts

Samples: Term Loan Credit Agreement (Plymouth Industrial REIT, Inc.), Credit Agreement (Plymouth Industrial REIT, Inc.), Term Loan Credit Agreement (Plymouth Industrial REIT, Inc.)

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Changes to Organizational Documents. The Borrower shall not amend or modify, or permit the amendment or modification of, the limited liability company agreements or other formation or organizational documents of Borrower, any Subsidiary, Transaction Party or any Subsidiary Guarantor general partner thereof in any material respecta manner adverse to the Lenders, without the prior written consent of Agent (which such consent shall not to be unreasonably withheld, conditioned conditioned, or delayed). Without limiting the foregoing, any amendment to the provisions of any Preferred Securities of Borrowerany Credit Party, or to the rights or powers of the holders of the Preferred Securities shall be a material amendment requiring the consent of Agent.

Appears in 2 contracts

Samples: Credit Agreement (City Office REIT, Inc.), Credit Agreement (City Office REIT, Inc.)

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