Common use of Compliance with Material Agreements Clause in Contracts

Compliance with Material Agreements. Each of the Company and ----------------------------------- its Subsidiaries shall comply in all material respects with the Material Agreements (to the extent not in violation of the other provisions of this Agreement or any other Credit Document). Without the prior written consent of the Required Lenders, no Material Agreement shall be amended, modified, waived or terminated in any manner that would have in any material respect an adverse effect on the interests of the Lenders; provided, without limitation of the foregoing, that any modification of the Master Shelf Agreement that would cause the covenants of the Company or the defaults thereunder to be more restrictive than the covenants or defaults, respectively, contained in this Agreement or that would constitute or cause a Default shall require the prior written consent of the Required Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Oil Co)

AutoNDA by SimpleDocs

Compliance with Material Agreements. Each of the Company ----------------------------------- and ----------------------------------- its Subsidiaries shall comply in all material respects with the Material Agreements (to the extent not in violation of the other provisions of this Agreement or any other Credit Document). Without the prior written consent of the Required Lenders, no Material Agreement shall be amended, modified, waived or terminated in any manner that would have in any material respect an adverse effect on the interests of the Lenders; provided, without limitation of the foregoing, that any modification of the Master Shelf Agreement that would cause the covenants of the Company or the defaults thereunder to be more restrictive than the covenants or defaults, respectively, contained in this Agreement or that would constitute or cause a Default shall require the prior written consent of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Transmontaigne Oil Co)

Compliance with Material Agreements. Each The Company shall, and shall cause each of the Company and ----------------------------------- its Subsidiaries shall to, comply in all material respects with the Material Agreements (to the extent not in violation of the other provisions of this Agreement or any other Credit Loan Document). Without the prior written consent of the Required LendersMajority Holders, no Material Agreement shall be amended, modified, waived or terminated in any manner that would have in any material respect an adverse effect on the interests of the Lendersholders; provided, without -------- limitation of the foregoing, that any modification of the Master Shelf Bank Agreement that would cause the covenants of the Company or the defaults thereunder to be more restrictive than the covenants or defaults, respectively, contained in this Agreement or that would constitute or cause a Default or Event of Default shall require the prior written consent of the Required LendersMajority Holders.

Appears in 1 contract

Samples: Transmontaigne Oil Co

Compliance with Material Agreements. Each of the Company and ----------------------------------- its Subsidiaries shall comply in all material respects with the Material Agreements (to the extent not in violation of the other provisions of this Agreement or any other Credit Document). Without the prior written consent of the Required Lenders, no Material Agreement shall be amended, modified, waived or terminated in any manner that would have in any material respect an adverse effect on the interests of the Lenders; provided, without limitation of the foregoing, that any modification of the Master Shelf Agreement that would cause the covenants of the Company or the defaults thereunder to be more restrictive than the covenants or defaults, respectively, contained in this Agreement or that would constitute or cause a Default shall require the prior written consent of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Transmontaigne Inc)

AutoNDA by SimpleDocs

Compliance with Material Agreements. Each The Company shall, and shall cause each of the Company and ----------------------------------- its Subsidiaries shall to, comply in all material respects with the Material Agreements (to the extent not in violation of the other provisions of this Agreement or any other Credit Loan Document). Without the prior written consent of the Required LendersMajority Holders, no Material Agreement shall be amended, modified, waived or terminated in any manner that would have in any material respect an adverse effect on the interests of the Lendersholders; provided, without limitation of the foregoing, that any modification of the Master Shelf Bank Agreement that would cause the covenants of the Company or the defaults thereunder to be more restrictive than the covenants or defaults, respectively, contained in this Agreement or that would constitute or cause a Default or Event of Default shall require the prior written consent of the Required LendersMajority Holders.

Appears in 1 contract

Samples: Master Shelf Agreement (Transmontaigne Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.