Common use of More Restrictive Agreements Clause in Contracts

More Restrictive Agreements. Without limiting the terms of §8.1, should Borrower or any Subsidiary enter into or modify any agreements or documents pertaining to any existing or future Indebtedness which agreements or documents include financial covenants which are individually or in the aggregate more restrictive against Borrower or such Subsidiary than those set forth in §9, Borrower shall promptly notify Agent and, if requested by the Required Lenders, Borrower, Agent, and the Required Lenders shall promptly amend this Agreement and the other Loan Documents to include some or all of such more restrictive provisions as determined by the Required Lenders in their sole discretion.

Appears in 2 contracts

Samples: Revolving and Term Credit Agreement (Forestar Group Inc.), Revolving and Term Credit Agreement (Forestar Real Estate Group Inc.)

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More Restrictive Agreements. Without limiting the terms of §8.1, should Borrower or any Subsidiary (other than an SPE Subsidiary) enter into or modify any agreements or documents pertaining to any existing or future Indebtedness (other than Non-Recourse Indebtedness) having a principal amount in excess of $25,000,000 which agreements or documents include financial covenants which are individually or in the aggregate more restrictive against Borrower or such Subsidiary than those set forth in §9, Borrower shall promptly notify Agent and, if requested by the Required Lenders, Borrower, Agent, and the Required Lenders shall promptly amend this Agreement and the other Loan Documents to include some or all of such more restrictive provisions as determined by the Required Lenders in their sole discretion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Forestar Group Inc.)

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More Restrictive Agreements. Without limiting the terms of §8.1, should Borrower or any Subsidiary enter into or modify any agreements or documents pertaining to any existing or future Indebtedness having a principal amount in excess of $25,000,000 which agreements or documents include financial covenants which are individually or in the aggregate more restrictive against Borrower or such Subsidiary than those set forth in §9, Borrower shall promptly notify Agent and, if requested by the Required Lenders, Borrower, Agent, and the Required Lenders shall promptly amend this Agreement and the other Loan Documents to include some or all of such more restrictive provisions as determined by the Required Lenders in their sole discretion.

Appears in 1 contract

Samples: Revolving and Term Credit Agreement (Forestar Group Inc.)

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