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, action or agreement of all Lenders, the following matters will require the approval, consent or agreement, as the context requires, of all Lenders: (i) the reduction or forgiveness of any Obligations payable by any Loan Party to the Lenders under the Credit Facilities or under any of the Loan Documents; (ii) the postponement of any maturity date of any Obligations of any Loan Party to any one or more of the Lenders or under any of the Loan Documents; (iii) any decrease to the margins and fees set forth in Section 3.8; (iv) the release or discharge of the Security, or any part thereof, unless otherwise expressly permitted or provided in this Agreement; (v) any change in the nature of Advances; any change to the covenants referred to in Sections 3.1, 3.6, 3.9(b), 3.9(c), 6.1, 12.1(a) or 13.3; 54411012.5 (vi) any waiver of any Event of Default under Sections 13.1(a), 13.1(f) or 13.1(g); 54411012.5 (vii) any amendment to this Section 16.16(a); and (viii) any change to the definition of “Majority Lenders”, except in any such case to the extent related to the Operating Facility, in which case only the consent, approval, action or agreement of the Operating Lender is required.

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, action or agreement of all Lenders, the following matters will require the approval, consent or agreement, as the context requires, of all Lenders: (i) the reduction or forgiveness of any Obligations payable by any Loan Party to the Lenders under the Credit Facilities or under any of the Loan Documents; (ii) the postponement of any maturity date of any Obligations of any Loan Party to any one or more of the Lenders or under any of the Loan Documents; (iii) any decrease to the margins and fees set forth in Section 3.83.9; (iv) the release or discharge of the Security, or any part thereof, unless otherwise expressly permitted or provided in this Agreement; (v) any change in the nature of Advances; any change to the covenants referred to in Sections 3.1, 3.63.7, 3.9(b3.10(b), 3.9(c3.10(c), 6.1, 12.1(a) or 13.3; 54411012.5; (vi) any waiver of any Event of Default under Sections 13.1(a), 13.1(f) or 13.1(g); 54411012.5; (vii) any amendment to this Section 16.16(a); and (viii) any change to the definition of “Majority Lenders”, except in any such case to the extent related to the Operating Facility, in which case only the consent, approval, action or agreement of the Operating Lender is required.