Common use of Modifications to ABL Documents and Term Documents Clause in Contracts

Modifications to ABL Documents and Term Documents. (a) Each Term Agent, on behalf of itself and the applicable Term Secured Parties, hereby agrees that, without affecting the obligations of such Term Agent and the applicable Term Secured Parties hereunder, the ABL Agent and the ABL Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to any Term Agent or any Term Secured Party, and without incurring any liability to any Term Agent or any Term Secured Party or impairing or modifying the Lien Priority provided for herein, Amend or Refinance any of the ABL Documents in any manner whatsoever, other than in a manner which would have the effect of contravening the terms of this Agreement.

Appears in 4 contracts

Samples: Intercreditor Agreement (Horizon Global Corp), Loan Agreement (Horizon Global Corp), Loan Agreement (Horizon Global Corp)

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Modifications to ABL Documents and Term Documents. (a) Each The Term Agent, on behalf of itself and the applicable Term Secured Parties, hereby agrees that, without affecting the obligations of such the Term Agent and the applicable Term Secured Parties hereunder, the ABL Agent and the ABL Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to any the Term Agent or any Term Secured Party, and without incurring any liability to any the Term Agent or any Term Secured Party or impairing or modifying releasing the Lien Priority provided for herein, Amend amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or Refinance otherwise modify any of the ABL Documents in any manner whatsoever, other than in a manner which would have the effect of contravening the terms of this Agreement.

Appears in 1 contract

Samples: Abl Credit Agreement (Lands End Inc)

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Modifications to ABL Documents and Term Documents. (a) Each The Term Agent, on behalf of itself and the applicable Term Secured Parties, hereby agrees that, without affecting the obligations of such the Term Agent and the applicable Term Secured Parties hereunder, the ABL Agent and the ABL Secured Parties may, at any time and from time to time, in their sole discretion without the consent of or notice to any the Term Agent or any Term Secured Party, and without incurring any liability to any the Term Agent or any Term Secured Party or impairing or modifying releasing the Lien Priority provided for herein, Amend or Refinance any of the ABL Documents in any manner whatsoever, other than in a manner which would have the effect of contravening the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Pier 1 Imports Inc/De)

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