Banks' Decisions Clause Samples

Banks' Decisions. 30.1 Procedures Subject to Clauses 30.2 (Exceptions) and 30.3 (Express Provisions) and 30.5 (Changes to April 1998 Agreement), any provision of this Agreement or any of the other Finance Documents (other than the Barclays Facility Letter) may be amended, waived, varied or modified (each a "Modification") with the agreement of the Majority Banks and the ▇▇▇▇▇▇▇▇' ▇▇▇▇▇. A Modification so agreed may be effected by the Facility Agent executing such documents as may be required for such purpose on behalf of all the Banks and the Obligors' Agent executing such documents on behalf of the other Obligors. The Facility Agent will promptly notify the other parties to this Agreement and the other Finance Documents of the Modification so effected. Such Modification will take effect from the date upon which such notification is given (or such later date as the Facility Agent may specify therein) and will be binding on all parties to the Finance Documents.