Authorisation or waiver Clause Samples
Authorisation or waiver. The Funding 1 Security Trustee shall waive or authorise (without prejudice to its rights in respect of any further or other breach) any breach or proposed breach by Funding 1 or any other person of any of the covenants or provisions of any Funding 1 Agreement only if so directed by the Issuer Security Trustee, so long as there is any Loan Tranche outstanding under the Intercompany Loan Agreement, and otherwise by all of the Funding 1 Secured Creditors.
Authorisation or waiver. The Master Issuer Security Trustee shall waive or authorise (without prejudice to its rights in respect of any further or other breach) any breach or proposed breach by the Master Issuer or any other person of any of the covenants or provisions of any Master Issuer Transaction Document only if so directed by the Note Trustee so long as there are any Master Issuer Notes outstanding.
Authorisation or waiver. The Issuer Security Trustee shall waive or authorise (or direct the Funding 1 Security Trustee to waive or authorise) (without prejudice to its rights in respect of any further or other breach) any breach or proposed breach by the Issuer or any other person (or in the case of a direction to the Funding 1 Security Trustee, by Funding 1 or any other person) of any of the covenants or provisions of any Issuer Transaction Document only if so directed by (a) the Note Trustee so long as there are any Notes outstanding or (b) all of the other Issuer Secured Creditors, if there are no Notes outstanding.
Authorisation or waiver. The Issuer Security Trustee shall waive or authorise (or direct the Funding 1 Security Trustee to waive or authorise) (without prejudice to its rights in respect of any further or other breach) any breach or proposed breach by the Issuer or any other person of any of the covenants or provisions of any Transaction Document only if so directed by the Note Trustee so long as there are any Notes outstanding.
Authorisation or waiver. The Issuer Security Trustee shall waive or authorise (or direct the Funding 1 Security Trustee to waive or authorise) (without prejudice to its rights in respect of any further or other breach) any breach or proposed breach by the Issuer or any other person of any of the covenants or provisions of any Transaction Document only if so directed by the Note Trustee so long as there are any Notes outstanding.