Examples of Proposed Amendment in a sentence
In the event that the Administrative Agent determines that the Proposed Amendment is not a Material Amendment, such Borrower may make such Proposed Amendment without the consent of any Lender.
For the avoidance of doubt, a Proposed Amendment solely to effectuate the conversion of the Initial Borrower to a corporation on the Conversion Date as more fully disclosed to the Administrative Agent prior to the Closing Date shall not be deemed a Material Amendment for purposes of this Section 9.6.
The Administrative Agent shall within ten (10) Business Days of the date on which it has received such notification in accordance with Section 12.6 determine, in its sole discretion without the requirement of obtaining the input of the Lenders and on its good faith belief, whether or not such Proposed Amendment would constitute a Material Amendment and shall promptly notify such Borrower of its determination.
With respect to any Proposed Amendment, such Borrower shall notify the Administrative Agent of such proposal.