Common use of Senior Loan Agreement Clause in Contracts

Senior Loan Agreement. (a) Borrower shall not, without the prior written consent of Agent, enter into any amendment, restatement, supplement or modification to the Senior Loan Agreement that (i) modifies the provisions (including the definitions included therein) specifically relating to the borrowing base, eligible accounts receivable, eligible purchase orders or the advance rates with respect thereto, (ii) eliminates the borrowing base from the Senior Loan Agreement or (iii) adds any facility for advances not based on the borrowing base, other than Protective Advances. Notwithstanding the foregoing, Borrower shall be permitted to amend the Senior Loan Agreement without the consent of Agent solely to amend the eligibility requirements (i) with respect to eligible accounts receivable and eligible purchase orders, to include additional specific customers under any section that references a list of specific customers and (ii) with respect to eligible accounts receivable, to increase the number of days that an eligible account may be outstanding to up to 120 days from the original invoice date.