Proposed Amendment definition
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 Credit Party may make such amendment without the consent of any Lender.
The Administrative Agent shall within ten (10) Business Days of the date on which it has received such notification 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 Credit Party of its determination.
With respect to any Proposed Amendment, such Credit Party shall notify the Administrative Agent of such proposal.
In the event that the Administrative Agent determines that such Proposed Amendment is a Material Amendment, the approval of all Lenders shall be required, and the Administrative Agent shall promptly notify the Lenders of such request for such approval.