Common use of Unanimity Clause in Contracts

Unanimity. Notwithstanding anything herein to the contrary and without limiting in any way the context of any provision in this Agreement requiring the consent, approval or action of all Lenders, the following waivers or amendments will require the approval, consent or agreement, as the context requires, of all Lenders: (i) the reduction or forgiveness of any Indebtedness payable by the Borrower to the Lenders or under any of the Documents pertaining to the Credit Facility; (ii) any increase to the Aggregate Commitment Amount under the Credit Facilities or the limit on Swingline Borrowings; (iii) subject to Section 4.10 and Article 17, the requirement for delivery of, or any waiver or material amendment under, or release of, any Security; (iv) any changes to the type of Advances, any extension of the Credit Facility Termination Date (other than in accordance with the extension mechanics in Section 2.2) or any reduction in any of the Applicable Margins; (v) any waiver of or amendment to Section 18.4, this Section 21.16(a) or Section 22.11; and (vi) any change to the definition of “Majority Lenders”.

Appears in 1 contract

Sources: Credit Agreement (Harvest Operations Corp.)

Unanimity. Notwithstanding anything herein to the contrary and without limiting in any way the context of any provision in this Agreement requiring the consent, approval or action of all LendersLenders under the Credit Facility, the following waivers or amendments matters will require the approval, consent or agreement, as the context requires, of all LendersLenders under the Credit Facility: (i) the reduction or forgiveness of any Indebtedness payable by the Borrower to the Lenders under the Credit Facility or under any of the Documents pertaining to the Credit Facility; (ii) any increase to the Aggregate Commitment Amount under the Credit Facilities or the limit on Swingline Borrowings; (iii) the postponement of any maturity date of any Obligations; (iv) subject to Section 4.10 and Article 17, the requirement for delivery of, or any waiver or material amendment under, or release of, any Security; (ivv) any changes to change in the type of Advances, any extension of Advances under the Credit Facility Termination Date (other than in accordance with the extension mechanics in Section 2.2) or any reduction change to the covenants referred to in any of the Applicable MarginsSections 3.2, 3.3, 3.4, and 18.3; (vvi) any waiver of or amendment to Section 18.4, this Section 21.16(a) or Section 22.11); and (vivii) any change to the definition of "Majority Lenders".

Appears in 1 contract

Sources: Credit Agreement (Harvest Energy Trust)

Unanimity. Notwithstanding anything herein to the contrary and without limiting in any way the context of any provision in this Agreement requiring the consent, approval or action of all Lenders, the following waivers or amendments will require the approval, consent or agreement, as the context requires, of all Lenders: (i) the reduction or forgiveness of any Indebtedness payable by the Borrower to the Lenders or under any of the Documents pertaining to the Credit Facility; (ii) any increase to the Aggregate Commitment Amount under the Credit Facilities or the limit on Swingline Borrowings; (iii) subject to Section 4.10 and Article 17, the requirement for delivery of, or any waiver or material amendment under, or release of, any Security; (iv) any changes to the type of Advances, any extension of the Credit Facility Termination Maturity Date (other than in accordance with the extension mechanics in Section 2.2) or any reduction in any of the Applicable Margins; (v) any waiver of or amendment to Section 18.4, this Section 21.16(a) or Section 22.11; and (vi) any change to the definition of “Majority Lenders”.

Appears in 1 contract

Sources: Credit Agreement (Harvest Operations Corp.)

Unanimity. Notwithstanding anything herein to the contrary and without limiting in any way the context of any provision in this Agreement requiring the consent, approval or action of all LendersLenders under any Credit Facility, the following waivers or amendments matters will require the approval, consent or agreement, as the context requires, of all LendersLenders under the Credit Facilities: (i) the reduction or forgiveness of any Indebtedness payable by the Borrower to the Lenders under the Credit Facilities or under any of the Documents pertaining to the Credit FacilityFacilities; (ii) any increase to the Aggregate Commitment Amount under the Credit Facilities or the limit on Swingline Borrowings; (iii) the postponement of any maturity date of any Obligations; (iv) subject to Section 4.10 and Article 17, the requirement for delivery of, or any waiver or material amendment under, or release of, any Security; (ivv) any changes to change in the type of Advances, any extension of Advances under the Credit Facility Termination Date (other than in accordance with the extension mechanics in Section 2.2) Facilities or any reduction change to the covenants referred to in any of the Applicable MarginsSections 2.4, 3.2, 3.3, 3.4, 3.6 and 18.3; (vvi) any waiver of or amendment to Section 18.4, this Section 21.16(a) or Section 22.11); and (vivii) any change to the definition of "Majority Lenders".

Appears in 1 contract

Sources: Credit Agreement (Harvest Energy Trust)