Amendments and Waivers: Transaction Security Documents. (a) Subject to paragraph (b) below and to Clause 31.4 (Exceptions) and unless the provisions of any Debt Document expressly provide otherwise, the Intercreditor Agent may (or may direct the Common Security Agent to), if authorised by the Majority Super Senior Creditors and the Required Pari Passu Creditors, and if the Parent consents, amend the terms of, waive any of the requirements of or grant consents under, any of the Transaction Security Documents (other than the Transaction Security Documents creating Credit-Specific Transaction Security) which shall be binding on each Party.
(b) Subject to paragraph (c) of Clause 31.4 (Exceptions), any amendment or waiver of, or consent under, any Transaction Security Document which has the effect of changing or which relates to:
(i) the nature or scope of the Charged Property;
(ii) the manner in which the proceeds of enforcement of the Transaction Security are distributed; or
(iii) the release of any Transaction Security, shall not be made without the prior consent of the Credit Facility Lenders, each Pari Passu Note Trustee on behalf of the Pari Passu Noteholders in respect of which it is the Creditor Representative, the Pari Passu Lenders and the Hedge Counterparties, provided that:
(A) in the case of such an amendment or waiver of, or consent under, any Transaction Security Document in respect of the release of any Transaction Security in relation to a Pari Passu Notes Interest Accrual Account, such amendment, waiver or consent shall not require the consent of any Credit Facility Lender, Pari Passu Lender or Hedge Counterparty and shall only require the consent of the Pari Passu Note Trustee in respect of the Pari Passu Notes to which that Pari Passu Notes Interest Accrual Account relates; and
(B) in the case of such an amendment or waiver of, or consent under, any Transaction Security Document in respect of the release of any Transaction Security in relation to a Pari Passu Facility Debt Service Reserve Account, such amendment, waiver or consent shall not require the consent of any Credit Facility Lender, Pari Passu Note Trustee or Hedge Counterparty and shall only require the consent of the Creditor Representative in respect of the Pari Passu Facility to which that Pari Passu Facility Debt Service Reserve Account relates.
Amendments and Waivers: Transaction Security Documents. (a) Subject to paragraph (b) below and to Clause 20.4 (Exceptions) and unless the provisions of any Debt Document expressly provide otherwise, the Security Agent may, if authorised by an Instructing Group, and if the Parent consents, amend the terms of, waive any of the requirements of or grant consents under, any of the Transaction Security Documents which shall be binding on each Secured Party and each other party thereto.
(b) Subject to paragraph (c) of Clause 20.4 (Exceptions), the prior consent of the Super Majority Instructing Group and the Parent or the relevant Security Provider is required to authorise any amendment or waiver of, or consent under, any Transaction Security Document which would affect the nature or scope of the Charged Property.
Amendments and Waivers: Transaction Security Documents. (a) Subject to paragraph (b) below and to Clause 23.6 (Exceptions) the Security Agent may, if authorised by the Instructing Group, and if the Parent consents, amend the terms of, waive any of the requirements of or grant consents under, any of the Transaction Security Documents which shall be binding on each Party.
(b) Subject to paragraph (c) of Clause 23.6 (Exceptions), any amendment or waiver of the Transaction Security and any amendment or waiver of, or consent under, any Security Document which has the effect of changing or which relates to:
(i) the nature or scope of the Charged Property;
(ii) the manner in which the proceeds of enforcement of the Transaction Security are distributed; or
(iii) the release of any Transaction Security, shall not be made without the prior consent of the Senior Creditors whose consent to that amendment, waiver or consent is required under the Senior Loan Agreement or any other New Financing Equivalent.
Amendments and Waivers: Transaction Security Documents.
(a) Subject to paragraph (b) below and to Clause 25.4 (Exceptions) and unless the provisions of any Debt Document expressly provide otherwise, the Security Agent may, if authorised by the Instructing Group, and if the Parent consents, amend the terms of, waive any of the requirements of or grant consents under, any of the Transaction Security Documents which shall be binding on each Party.
(b) Subject to paragraph (c) of Clause 25.4 (Exceptions), any amendment or waiver of, or consent under, any Transaction Security Document which has the effect of changing or which relates to:
Amendments and Waivers: Transaction Security Documents. Subject to paragraph (b) of Clause 19.4 (Exceptions):
Amendments and Waivers: Transaction Security Documents. (a) Save as otherwise permitted under Clause 2.4 (Additional and/or Refinancing Debt), Clause 17 (Proceeds of Disposals), Clause 20 (Refinancing of Primary Creditor Liabilities), Clause 29.1 (Required Consents), Clause 29.4 (Exceptions), Clause 29.5 (Snooze/Lose), Clause 29.9 (Disenfranchisement of Defaulting Lenders) and Clause 29.7 (Deemed Consent) and subject to paragraph (a) and (b) below and unless the provisions of any Debt Document expressly provide otherwise:
Amendments and Waivers: Transaction Security Documents. (a) Subject to paragraph (b) of Clause 13.1 (Non-Distressed Disposals), Clause 13.2 (Distressed Disposals), paragraph (b) below and to Clause 27.4 (Exceptions) and unless the provisions of any Debt Document expressly provide otherwise, the Security Agent may, if authorised by the Majority Senior Creditors, and if the Company consents, amend the terms of, waive any of the requirements of or grant consents under, any of the Transaction Security Documents which shall be binding on each Party.
(b) Subject to paragraph (c) of Clause 27.4 (Exceptions), the prior consent of the Agents (acting on the instruction and on behalf of its Creditors required to consent or vote in connection with provisions dealing with consents, amendments and waivers in the relevant Finance Document), the Hedge Counterparties and the Security Agent is required to authorise any amendment or waiver of, or consent under, any Transaction Security Document which would affect the nature or scope of the Charged Property or the manner in which the proceeds of enforcement of the Transaction Security are distributed.
Amendments and Waivers: Transaction Security Documents. (a) Subject to paragraph (b) of Clause 14.1 (Non-Distressed Disposals), Clause 14.2 (Distressed Disposals), paragraph (b) below and to Clause 26.4 (Exceptions) and unless the provisions of any Debt Document expressly provide otherwise, the Security Agent may, if authorised by the Instructing Group, and if the Senior Secured Notes Issuer consents, amend the terms of, waive any of the requirements of or grant consents under, any of the Transaction Security Documents which shall be binding on each Party.
(b) Subject to paragraphs (b) and (c) of Clause 26.4 (Exceptions), the prior consent of the Creditor Representatives (acting on the instruction and on behalf of the Credit Facility Lenders required to consent or vote in connection with provisions dealing with consents, amendments and waivers in the relevant Credit Facility Document), each Hedge Counterparty, the Majority Senior Secured Creditors and the Security Agent is required to authorise any amendment or waiver of, or consent under, any Transaction Security Document which would affect the nature or scope of the Charged Property or the manner in which the proceeds of enforcement of the Transaction Security are distributed.
Amendments and Waivers: Transaction Security Documents. (a) Subject to paragraph (b) below and to Clause 24.4 (Exceptions) and unless the provisions of any Debt Document expressly provide otherwise, the Security Agent may, if authorised by an Instructing Group, and if the Issuer Consents, amend the terms of, waive any of the requirements of or grant Consents under, any of the Transaction Security Documents which shall be binding on each Party.
(b) Subject to paragraphs (b) and (c) of Clause 24.4 (Exceptions) and to the terms and conditions of the Pledge Permit, the prior Consent of each Agent is required to authorise any amendment or waiver of, or Consent under, any Transaction Security Document which would materially adversely affect the nature or scope of the Charged Property or the manner in which the proceeds of enforcement of the Transaction Security are distributed.
Amendments and Waivers: Transaction Security Documents. Save as otherwise permitted under Clause 2.4 (Additional and/or Refinancing Debt), Clause 17 (Proceeds of Disposals), Clause 20 (Refinancing of Primary Creditor Liabilities), Clause 29.1 (Required Consents), Clause 29.4 (Exceptions), Clause 29.5 (Snooze/Lose), Clause 29.9 (Disenfranchisement of Defaulting Lenders) and Clause 29.7 (Deemed Consent) and subject to paragraph (a) and (b) below and unless the provisions of any Debt Document expressly provide otherwise:
(a) the Security Agent may, and if the Company and / or the relevant Security Grantor Consents, amend the terms of, waive any of the requirements of or grant Consents under, any of the Transaction Security Documents which shall be binding on each Party; and
(b) the prior consent of the Primary Creditors is required to authorise in case of any amendment or waiver of, or Consent under, any Transaction Security Document which would adversely affect the nature or scope of the Charged Property or the manner in which the proceeds of enforcement of the Transaction Security are distributed.
