Common use of Material Indebtedness Clause in Contracts

Material Indebtedness. The Borrower will not, and will not permit any of its Subsidiaries to, amend, modify or change in any manner any term or condition of any Material Indebtedness to the extent such amendment, modification or change could reasonably be expected to be materially adverse to the interests of the Lenders under the Loan Documents (it being agreed that changes to the rate of interest paid on, or the maturity date of, any Material Indebtedness shall be deemed not to be materially adverse to the interests of the Lenders).

Appears in 2 contracts

Samples: Credit Agreement (Borgwarner Inc), Credit Agreement (Borgwarner Inc)

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Material Indebtedness. The Borrower will not, and will not permit any of its Subsidiaries to, amend, modify or change in any manner any term or condition of any Material Indebtedness to the extent such amendment, modification or change could reasonably be expected to be materially adverse to the interests of the Lenders under the Loan Documents (it being agreed that changes to the rate of interest paid on, or the maturity date of, any Material Indebtedness shall be deemed not to be materially adverse to the interests of the Lenders).Documents. 75

Appears in 1 contract

Samples: Credit Agreement (Borgwarner Inc)

Material Indebtedness. The Borrower will not, and will not permit any of its Subsidiaries to, amend, modify or change in any manner any term or condition of any Material Indebtedness to the extent such amendment, modification or change could reasonably be expected to be materially adverse to the interests of the Lenders under the Loan Documents (it being agreed that changes to the rate of interest paid on, or the maturity date of, any Material Indebtedness shall be deemed not to be materially adverse to the interests of the Lenders)Documents.

Appears in 1 contract

Samples: Credit Agreement (Borgwarner Inc)

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Material Indebtedness. (a) The Borrower will not, and will not permit any of its Subsidiaries to, amend, modify or change in any manner any term or condition of any Material Indebtedness to the extent such amendment, modification or change could reasonably be expected to be materially adverse to the interests of the Lenders under the Loan Documents (it being agreed that changes to the rate of interest paid on, or the maturity date of, any Material Indebtedness shall be deemed not to be materially adverse to the interests of the Lenders)Documents.

Appears in 1 contract

Samples: Credit Agreement (Borgwarner Inc)

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