77 Debt Modification Etc

77 Debt Modification Etc. The Borrowers will not (i) amend, supplement or otherwise modify the terms of any Subordinated Debt, (ii) pay, redeem or repurchase any Subordinated Debt or (iii) amend, supplement or otherwise modify any event of default or any negative and financial covenant contained in the Noteholders' Debt (other than the Conforming Amendment) without the consent of the Majority ... Banks. Prior to any principal payment or prepayment of the Noteholders' Debt, the Borrowers shall deliver to the Administrative Agent a certificate setting forth in reasonable detail computations evidencing the pro forma effect of the contemplated payment on the Borrowers' compliance with the covenants contained in ss.8 hereof. View More