Modifications to Credit Security Sample Clauses

Modifications to Credit Security. Except with the prior written consent of the Required Lenders, no Obligor shall amend or modify, or waive any of its rights under or with respect to, any material Accounts, general intangibles, Pledged Securities or leases if the effect of such amendment, modification or waiver would be to reduce the amount of any such items or to extend the time of payment thereof, to waive any default by any other party thereto, or to waive or impair any remedies of the Obligors or the Lenders under or with respect to any such Accounts, general intangibles, Pledged Securities or leases, in each case other than consistent with past practice in the ordinary course of business and on an arm's-length basis. Each Obligor will promptly give the Agent written notice of any request by any Person for any material credit or adjustment with respect to any Account, general intangible, Pledged Securities or leases.
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Modifications to Credit Security. Except with the prior -------------------------------- written consent of the Agent, no Obligor shall amend or modify, or waive any of its rights under or with respect to, any Pledged Securities if the effect of such amendment, modification or waiver would be to reduce the amount of any such items or to extend the time of payment thereof, to waive any default by any other party thereto, or to waive or impair any remedies of the Obligors or the Lenders under or with respect to any Pledged Securities, in each case other than consistent with past practice in the ordinary course of business and on an arm's-length basis. Each Obligor will promptly give the Agent written notice of any request by any Person for any credit or adjustment with respect to any Pledged Securities.
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Modifications to Credit Security. Except with the prior written consent of the Collateral Agent, which consent will not be unreasonably withheld, no Obligor shall amend or modify, or waive any of its rights under or with respect to, any material Accounts, material payment in respect of any general intangibles, material Pledged Securities or material payment in respect of any leases if the effect of such amendment, modification or waiver would be to reduce the amount of any such items or to extend the time of payment thereof, to waive any default by any other party thereto, or to waive or impair any remedies of the Obligors, the Noteholders or the Lenders under or with respect to any such Accounts, general intangibles, Pledged Securities or leases, in each case other than consistent with past practice in the ordinary course of business and on an arm's-length basis. Each Obligor will promptly give the Collateral Agent written notice of any request by any Person for any material credit or adjustment with respect to any material Account, material payment in respect of any general intangible, material Pledged Securities or material payment in respect of any leases.
Sample 1
Modifications to Credit Security. 13 3.3.8. Delivery of Documents...............................................................13 3.4.
Sample 1
Modifications to Credit Security. Except with the prior written consent of the Agent, the Company shall not amend or modify, or waive any of its rights under or with respect to, any Pledged Securities if the effect of such amendment, modification or waiver would be to reduce the amount of any such items or to extend the time of payment thereof, to waive any default by any other party thereto with respect to the Pledged Securities, or to waive or impair any remedies of the Company or the Agent under or with respect to any such Pledged Securities. The Company will promptly give the Agent written notice of any material decrease or adjustment with respect to any Pledged Securities.
Sample 1
Modifications to Credit Security. 8 2.3.9. Delivery of Documents. . . . . . . . . . . . . . . . . 8 2.4. Administration of Credit Security . . . . . . . . . . . . . . . 9 2.4.1. Use of Credit Security . . . . . . . . . . . . . . . . 9 2.4.2. Deposits; Accounts . . . . . . . . . . . . . . . . . . 9 3. General . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 3 EXHIBITS
Sample 1
Modifications to Credit Security. 14 3.3.10. Delivery of Documents.................................................................15 3.3.11. Perfection of Credit Security.........................................................15 3.4. Administration of Credit Security.................................................................15 3.4.1. Use of Credit Security.................................................................15 3.4.2. Accounts...............................................................................16 3.4.3. Distributions on Pledged Securities....................................................16 3.4.4. Voting Pledged Securities..............................................................16 3.5. Right to Realize upon Credit Security.............................................................17 3.5.1. Assembly of Credit Security; Receiver..................................................17 3.5.2. General Authority......................................................................17 3.5.3. Marshaling, etc........................................................................18 3.5.4. Sales of Credit Security...............................................................18 3.5.5. Sale without Registration..............................................................19 3.5.6. Application of Proceeds................................................................20 3.6. Custody of Credit Security........................................................................20 4. General.................................................................................................20 NEXTERA ENTERPRISES, INC. GUARANTEE AND SECURITY AGREEMENT This Agreement, dated as of December 30, 1999, is among Nextera Enterprises, Inc., a Delaware corporation (the "COMPANY"), the Subsidiaries of the Company from time to time party hereto and BankBoston, N.A., as administrative agent (the "AGENT") for the Lenders under the Credit Agreement (as defined below). The parties agree as follows:
Sample 1
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Related to Modifications to Credit Security

  • Amendments to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Modifications to Current Agreement The Current Agreement is amended as follows:

  • Additional Conditions to Swingline Loans If a Swingline Loan is requested, all conditions set forth in Section 2.4 shall have been satisfied.

  • Modifications to Loan Documents Except as otherwise provided in Section 9.02(b) or 9.02(c) with respect to this Agreement, the Administrative Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Loan Documents; provided that, without the prior consent of each Lender, the Administrative Agent shall not (except as provided herein or in the Security Documents) release all or substantially all of the Collateral or otherwise terminate all or substantially all of the Liens under any Security Document providing for collateral security, agree to additional obligations being secured by all or substantially all of such collateral security, or alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Security Documents with respect to all or substantially all of the Collateral, except that no such consent shall be required, and the Administrative Agent is hereby authorized, to release any Lien covering property that is the subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders have consented.

  • Modifications to Loan Agreement 1. The Loan Agreement shall be amended by deleting the following definition appearing in Section 1.1 thereof:

  • Conditions to Credit Extensions SECTION 4.01. Conditions to Initial Credit Extension........................62 SECTION 4.02. Conditions to All Credit Extensions...........................67 ARTICLE V

  • Amendment to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Reallocation of Participations to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment Percentages (calculated without regard to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that (x) the conditions set forth in Section 6.2 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Additional Conditions to Letters of Credit If the issuance of a Letter of Credit is requested, all conditions set forth in Section 2.3 shall have been satisfied.

  • Specific Amendments to Credit Agreement The parties hereto agree that the Credit Agreement is amended as follows:

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