Common use of Modification of Constituent Documents Clause in Contracts

Modification of Constituent Documents. The Parent shall not, nor shall it permit any Restricted Subsidiary to, change its capital structure (including in the terms of its outstanding Stock) or otherwise amend its Constituent Documents, except for changes and amendments that do not materially affect the rights and privileges of any Restricted Subsidiary and do not materially affect the interests of the Secured Parties under the Loan Documents or in the Collateral.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Collective Brands, Inc.), Term Loan Agreement (Payless Shoesource Inc /De/)

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Modification of Constituent Documents. The Parent shall not, nor and shall it not permit any of its Restricted Subsidiary Subsidiaries to, change its capital structure (including in the terms of its outstanding Stock) or otherwise amend its Constituent Documents, Documents except for changes and amendments those that do not materially and adversely affect the rights and privileges of the Parent or any Restricted Subsidiary of its Subsidiaries and do not materially and adversely affect the interests of the Secured Parties under the Loan Documents or the rights and interests of any of them in the Collateral.

Appears in 1 contract

Samples: Credit Agreement (McDermott International Inc)

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Modification of Constituent Documents. The Neither the Parent shall notnor the Borrower shall, nor shall it they permit any Restricted Subsidiary of their respective Subsidiaries to, change its capital structure (including in the terms of its outstanding Stock) or otherwise amend its Constituent Documents, except for changes and amendments that do not materially and adversely affect the rights and privileges of the Parent, the Borrower or any Restricted Subsidiary of their respective Subsidiaries and do not materially and adversely affect the interests of the Secured Parties Administrative Agent, the Syndication Agent, the Lenders and the Issuers under the Loan Documents or in the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Prestige Brands Holdings, Inc.)

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