Common use of Authorized Waivers, Variations and Omissions Clause in Contracts

Authorized Waivers, Variations and Omissions. If so authorized in writing by the Lenders, the Agent, on behalf of the Lenders, may grant waivers, consents, vary the terms of this Agreement and the Security Documents and do or omit to do all acts and things in connection herewith or therewith. Notwithstanding the foregoing, except with the prior written agreement of each of the Lenders, nothing in Section 18.14 or this Section 18.15 shall authorize (i) any extension of the date for, or alteration in the amount, currency or mode of calculation or computation of any payment of principal or interest or other amount, (ii) any increase in the Commitment of a Lender, (iii) any extension of any maturity date, (iv) any change in the terms of Article 18, (v) any change in the manner of making decisions among the Lenders including the definition of Majority Lenders, (vi) the release of the Borrower or any Guarantor, except as provided herein with respect to permitted Asset Dispositions or as contemplated in Section 13.1, (vii) the release, in whole or in part, of any of the Security Documents or the Security constituted thereby, except as provided herein with respect to permitted Asset Dispositions or as contemplated in Section 13.1, (viii) any change in or any waiver of the conditions precedent provided for in Article 10 or (ix) any amendment to this Section 18.15.

Appears in 4 contracts

Samples: Credit Agreement (Videotron Ltee), Credit Agreement (Videotron Ltee), Credit Agreement (Videotron Ltee)

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Authorized Waivers, Variations and Omissions. If so authorized in writing by the Lenders, the Agent, on behalf of the Lenders, may grant waivers, consents, vary the terms of this Agreement and the Security other Loan Documents and do or omit to do all acts and things in connection herewith or therewith. Notwithstanding the foregoing, except with the prior written agreement of each of the LendersLender, nothing in Section 18.14 16.13 or this Section 18.15 16.14 shall authorize (ia) any extension of the date for, or alteration in the rate, amount, currency or mode of calculation or computation of any payment of principal or interest interest, fees or other amount, (iib) any increase in the Commitment of a Lender, (iiic) any extension of any maturity dateMaturity Date (other than as set out in Section 2.6), (ivd) any change in the terms of this Article 1816, (ve) any change in the manner of making decisions among the Lenders Lenders, including the definition of Majority Lenders, (vif) the release of any Obligor except in the Borrower or any Guarantor, except as provided herein with respect context of the sale of such Obligor if and to the extent permitted Asset Dispositions or as contemplated in by Section 13.114.10, (viig) the release, in whole or in part, of any of the Security Loan Documents or of any of the Security constituted thereby, except as provided herein with respect to permitted Asset Dispositions or as contemplated in Section 13.1Guarantees, (viiih) any change in or any waiver of the conditions precedent provided for in Article 10 Section 9.1 or (ixi) any amendment to this Section 18.1516.14.

Appears in 1 contract

Samples: Credit Agreement (Agnico Eagle Mines LTD)

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