Common use of Activities of Borrower Clause in Contracts

Activities of Borrower. (a) Neither Borrower nor any of its Subsidiaries shall amend, modify or waive or terminate any provision of, or permit or agree to the amendment, modification, waiver or termination of any provision of, any of the Loan Documents, License Agreements or any material Contract related to the LFRP that could reasonably be expected to have a Material Adverse Effect without the prior written consent of the Agent.

Appears in 4 contracts

Samples: Security Agreement (Dyax Corp), Loan Agreement (Dyax Corp), Loan Agreement (Dyax Corp)

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Activities of Borrower. (a) Neither Borrower nor any of its Subsidiaries shall amend, modify or waive or terminate (other than expiration in accordance with its terms) any provision of, or permit or agree to the amendment, modification, waiver or termination (other than expiration in accordance with its terms) of any provision of, any of the Loan Documents, License Agreements Transaction Documents or any material Material Contract related to the LFRP that could reasonably be expected to have a Material Adverse Effect on the Lender without the prior written consent of the AgentLender.

Appears in 3 contracts

Samples: Security Agreement (Raptor Pharmaceutical Corp), Security Agreement (Raptor Pharmaceutical Corp), Security Agreement (Raptor Pharmaceutical Corp)

Activities of Borrower. (a) Neither Borrower nor any of its Subsidiaries shall amend, modify or waive or terminate (other than expiration in accordance with its terms) any provision of, or permit or agree to the amendment, modification, waiver or termination (other than expiration in accordance with its terms) of any provision of, any of the Loan Documents, License Agreements Documents without the prior written consent of the Lender or any material Material Contract related to the LFRP that could reasonably be expected to have a Material Adverse Effect without the prior written consent of the AgentLender.

Appears in 3 contracts

Samples: Security Agreement (Invuity, Inc.), Loan Agreement (Invuity, Inc.), Loan Agreement (Invuity, Inc.)

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Activities of Borrower. (a) Neither Borrower nor any of its Subsidiaries shall amend, modify or waive or terminate any provision of, or permit or agree to the amendment, modification, waiver or termination of any provision of, any of the Loan Documents, License Agreements or any material Contract related to the LFRP that could reasonably be expected to have a Material Adverse Effect without the prior written consent of the AgentLender.

Appears in 1 contract

Samples: Security Agreement (Dyax Corp)

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