Common use of Operating Agreement Clause in Contracts

Operating Agreement. The Borrower will not amend, modify, waive or terminate any provision of its operating agreement without the prior written consent of the Administrative Agent.

Appears in 14 contracts

Sources: Loan, Security and Collateral Management Agreement (Investcorp Credit Management BDC, Inc.), Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II), Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)

Operating Agreement. The Borrower will not amend, modify, waive or terminate any provision of its operating agreement in any matter that is materially adverse to the Lenders or otherwise prohibited under this Agreement without the prior written consent of the Administrative Agent.

Appears in 11 contracts

Sources: Loan, Security and Collateral Management Agreement (5C Lending Partners Corp.), Loan and Security Agreement (FS KKR Capital Corp), Loan and Security Agreement (KKR FS Income Trust)

Operating Agreement. The Borrower will not amend, modify, waive or terminate any provision of its operating agreement in any matter that is materially adverse to the Lenders or otherwise expressly prohibited under this Agreement without the prior written consent of the Administrative Agent.

Appears in 5 contracts

Sources: Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.), Loan, Security and Collateral Management Agreement (Willow Tree Capital Corp), Loan and Security Agreement (Cim Real Estate Finance Trust, Inc.)

Operating Agreement. The Borrower will not amend, modify, waive or terminate any provision of its operating agreement organizational documents in any matter that is materially adverse to the Lenders without the prior written consent of the Administrative Agent.

Appears in 3 contracts

Sources: Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC), Loan, Security and Collateral Management Agreement (Phillip Street Middle Market Lending Fund LLC)

Operating Agreement. The Borrower will not amend, modify, waive or terminate any provision of its operating agreement Governing Document in any matter that is materially adverse to the Lenders or otherwise prohibited under this Agreement without the prior written consent of the Administrative Agent.

Appears in 2 contracts

Sources: Loan and Security Agreement (PennantPark Private Income Fund), Loan and Security Agreement (PennantPark Private Income Fund)

Operating Agreement. The Borrower will not amend, modify, waive or terminate modify any provision of its operating agreement Operating Agreement without in each case the prior written consent of the Administrative Majority Banks and the Agent.

Appears in 2 contracts

Sources: Term Loan Agreement (Temple Inland Inc), Term Loan Agreement (Temple Inland Inc)

Operating Agreement. The Borrower will not amend, modify, waive or terminate any provision of its operating agreement without the prior written consent of the Administrative Agent.. [Investcorp] Loan and Security Agreement

Appears in 1 contract

Sources: Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)