Example ContractsClausesconsent of affected lenders requiredVariants
Remove:

Notwithstanding anything to the contrary herein, no Defaulting shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that # the Commitment of any Defaulting may not be increased or extended without the consent of such Defaulting and # any waiver, amendment or modification requiring the consent of all Lenders or each affected that by its terms affects any Defaulting more adversely than other affected Lenders shall require the consent of such Defaulting .

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders)), except that # the Term Loan Commitment of anysuch Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender or amounts due to it permanently reduced without the consent of such Lender, and # any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects anysuch Defaulting moreLender disproportionately adversely thanrelative to other affected Lenders (other than solely as a result of differing amounts of the Term Loans held by such Defaulting Lender vis-à-vis the other ) shall require the consent of such Defaulting .Lender.

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that # the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender and # any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting .Lender.

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunderhereunder, except that (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that # the CommitmentCommitment(s) of any Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender; and # any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting moreLender disproportionately adversely thanrelative to other affected Lenders shall require the consent of such Defaulting .Lender.

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders)), except that # theany Commitment of any Defaulting Lender may not be increased or extended without the consent of such Defaulting andLender, # any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting moreLender disproportionately adversely thanrelative to other affected Lenders shall require the consent of such Defaulting .Lender and # the outstanding principal balance of any Loan held by any Defaulting Lender may not be reduced without the consent of such Lender; and

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected may be effected with the consent of the applicable Lenders other than Defaulting Lenders),hereunder, except that # the Commitment of any Defaulting such Lender may not be increased or extended without the consent of such Defaulting Lender and # any waiver, amendmentamendment, waiver or modificationconsent requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting more adversely thanLender in a manner that is materially and disproportionately adverse to such Defaulting Lender compared with other affected Lenders shall require the consent of such Defaulting .Lender.

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that # the Commitment of any Defaulting Lender may not be increased or extended or any amount owing to such Lender reduced (except in accordance with [Section 2.16]) or the final maturity thereof extended, in each case, without the consent of such Defaulting Lender and # any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting moreLender disproportionately adversely relative to than other affected Lenders shall require the consent of such Defaulting .Lender.

Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders)), except that # the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender and # any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting _Lender:Lender and # if the Administrative Agent and the Borrower shall have jointly identified (each in its sole discretion) an obvious error or omission of a technical or immaterial nature, in each case, in any provision of the Loan Documents, then the Administrative Agent and the Borrower shall be permitted to amend such provision and such amendment shall become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in writing by the Required within five (5) Business Days following the posting of such amendment to .

Notwithstanding anything herein to the contrary herein,contrary, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent whichthat by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that # the Revolving Commitment of any Defaulting Lender may not be increased or extendedextended, or the maturity of any of its Loan may not be extended, the rate of interest on any of its Loans may not be reduced and the principal amount of any of its Loans may not be forgiven, in each case without the consent of such Defaulting Lender and # any waiver, amendmentamendment, waiver or modificationconsent requiring the consent of all the Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than the other affected Lenders shall require the consent of such Defaulting .Lender.

Notwithstanding anything to the contrary herein, # no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders, the Required Lenders, the Required Facility Lenders, the Required Delayed Draw Lenders or each affected Lender, or all Lenders or each affected Lender under a Facility, may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that # the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender and # any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender, or all Lenders or each affected Lender under a Facility, that by its terms affects any Defaulting moreLender disproportionately adversely thanrelative to other affected Lenders shall require the consent of such Defaulting .Lender; # each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and # the Required Lenders shall determine whether or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.