Common use of Incremental Term Clause in Contracts

Incremental Term. Loan Amendments may be executed and shall be effective in accordance with the terms of Section 2.19 when signed by the parties required under Section 2.19.2.19; (c) only the consent of the Required Lenders shall be necessary to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest or fees on any Loan or Facility Letter of Credit or to reduce any fee payable hereunder or permit an Advance to be made; (d) only the consent of the Required Revolving Credit Lenders shall be necessary to waive any condition set forth in Section 4.2 as to any Revolving Credit Loan or Facility Letter of Credit; (e) only the consent of Term A Lenders shall be necessary to waive any condition set forth in Section 4.2 as to any Term A Loan; and (f) any amendment, waiver or other modification of this Agreement or any other Loan Document that by its terms affects the rights or duties under this Agreement of the Lenders of one or more Classes (but not the Lenders of any other Class), may be effected by an agreement or agreements in writing entered into by the Borrowers and the requisite number or percentage in interest of each affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time.

Appears in 1 contract

Sources: Credit Agreement (Diebold Inc)

Incremental Term. Loan Amendments may be executed and shall be effective in accordance with the terms of Section 2.19 when signed by the parties required under Section 2.19.2.192.19; (c) only the consent of the Required Lenders shall be necessary to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest or fees on any Loan or Facility Letter of Credit or to reduce any fee payable hereunder or permit an Advance to be made; (d) only the consent of the Required Revolving Credit Lenders shall be necessary to waive any condition set forth in Section 4.2 as to any Revolving Credit Loan or Facility Letter of Credit; (e) only the consent of Term A Lenders shall be necessary to waive any condition set forth in Section 4.2 as to any Term A Loan; and (f) any amendment, waiver or other modification of this Agreement or any other Loan Document that by its terms affects the rights or duties under this Agreement of the Lenders of one or more Classes (but not the Lenders of any other Class), may be effected by an agreement or agreements in writing entered into by the Borrowers and the requisite number or percentage in interest of each affected Class of Lenders that would be required to consent thereto under this Section if such Class of Lenders were the only Class of Lenders hereunder at the time.

Appears in 1 contract

Sources: Credit Agreement (Diebold Inc)