Common use of Amendments and Waivers: Transaction Security Documents Clause in Contracts

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. ‌ (a) Subject to paragraph (bclause 21.2(b) below and to Clause 25.4 (Exceptions) clause 21.4 and unless the provisions of any Debt Document expressly provide otherwise, the Security Agent Trustee may, if authorised by the an Instructing Group, and if the Parent 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 The prior consent of each of the Majority Senior Lenders and the Majority Noteholders is required to paragraph (c) of Clause 25.4 (Exceptions), authorise any amendment or waiver of, or consent under, any Transaction Security Document which has would affect the effect nature or scope of changing the Charged Property or the manner in which relates to:the proceeds of enforcement of the Transaction Security are distributed.

Amendments and Waivers: Transaction Security Documents. ‌ (aA) Subject to paragraph (bB) below and to Clause 25.4 19.4 (Exceptions) and unless the provisions of any Debt Finance Document expressly provide otherwise, the Security Agent may, if authorised by the an Instructing Group, and if the Parent Borrower 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. (bB) Subject to paragraph (c19.4(C) of Clause 25.4 (Exceptions), the prior consent of the Creditors is required to authorise any amendment or waiver of, or consent under, any Transaction Security Document which has would affect the effect nature or scope of changing the Charged Property or the manner in which relates to: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 25.4 20.4 (Exceptions) and unless the provisions of any Debt Finance Document expressly provide otherwise, the Security Agent Trustee may, if authorised by the an Instructing Group, and if the Parent Borrower 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 20.4 (Exceptions), the prior consent of the Creditors is required to authorise any amendment or waiver of, or consent under, any Transaction Security Document which has would affect the effect nature or scope of changing the Charged Property or the manner in which relates to:the proceeds of enforcement of the Transaction Security are distributed.