Common use of Treatment of Certain Indebtedness Clause in Contracts

Treatment of Certain Indebtedness. The Realogy Member hereby agrees to cause the Realogy Advisors (as defined in the Operating Agreement as amended by this Amendment) to approve such actions as are reasonably required to facilitate the refinancing or extension of the Company’s existing indebtedness (on terms no less favorable in the aggregate to the Company or the Realogy Member than the terms of such existing indebtedness) to the extent required or reasonably requested by the PHH Member in connection with the Merger and the Mortgage Business Sale; provided that Holdco agrees to compensate the Company for any expenses incurred by it in connection therewith that would not have been incurred but for such refinancing or extension; and provided further that in no event may any such refinancing or extension of the Company’s existing indebtedness include covenants or other terms or otherwise be structured in a manner that has the effect of disadvantaging the Company or its borrowing costs for the benefit of PMC or any of its Affiliates or any of their respective businesses.

Appears in 4 contracts

Samples: Consent and Amendment (PHH Corp), Consent and Amendment (Realogy Corp), Consent and Amendment (PHH Corp)

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