Audiovox 2012 Annual Report Download - page 289

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(i) reduce the amount or extend the scheduled date of maturity of any Loan or Note or any installment
thereon, or reduce the stated rate of any interest or fee payable hereunder (except in connection with a waiver of the
Default Ratewhich shall be determined by a vote of the Required Lenders) or extend the scheduled date of any
payment thereof or increase the amount or extend the expiration date of any Lender's Commitment, in each case
without the written consent of each Lender directly affected thereby; provided that, it is understood and agreed that
(A) no waiver, reduction or deferral of a mandatory prepayment required pursuant to Section 2.7(b), nor any
amendment of Section 2.7(b) or the definitions of Asset Disposition, Debt Issuance, or Extraordinary Receipt, shall
constitute a reduction of the amount of, or an extension of the scheduled date of, the scheduled date of maturity of, or
any installment of, any Loan or Note, (B) any reduction in the stated rate of interest on Revolving Loans shall only
require the written consent of each Lender holding a Revolving Commitment and (C) any reduction in the stated rate of
interest on the Term Loan shall only require the written consent of each Lender holding a portion of the outstanding
Term Loan; or
(ii) amend, modify or waive any provision of this Section or reduce the percentage specified in the definition
of Required Lenders, without the written consent of all the Lenders; or
(iii) release any Borrower from its obligations hereunder or all or substantially all of the value of the
Guaranty, without the written consent of all of the Lenders; or
(iv) release all or substantially all of the value of the Collateral without the written consent of all of the
Lenders; or
(v) subordinate the Loans to any other Indebtedness without the written consent of all of the Lenders; or
(vi) permit a Letter of Credit to have an original expiry date more than twelve (12) months from the date of
issuance without the consent of each of the Revolving Lenders; provided, that the expiry date of any Letter of Credit
may be extended in accordance with the terms of Section 2.3(a); or
136