Consent of Bond Trustee. If a request in writing is made to the Bond Trustee by the Guarantor or any other person to give its consent to any event, matter or thing, then: (a) if the Transaction Document specifies that the Bond Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Bond Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Bond Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of any of the Holders of the Covered Bonds.
Appears in 10 contracts
Samples: General Security Agreement, General Security Agreement, General Security Agreement
Consent of Bond Trustee. If a request in writing is made to the Bond Trustee by the Guarantor LP or any other person to give its consent to any event, matter or thing, then:
(a) if the Transaction Document specifies that the Bond Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Bond Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and
(b) in any other case, the Bond Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of any of the Holders of the Covered Bonds.
Appears in 2 contracts
Samples: General Security Agreement (RBC Covered Bond Guarantor Limited Partnership), General Security Agreement (RBC Covered Bond Guarantor Limited Partnership)
Consent of Bond Trustee. β If a request in writing is made to the Bond Trustee by the Guarantor LP or any other person to give its consent to any event, matter or thing, then:
(a) if the Transaction Document specifies that the Bond Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Bond Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and
(b) in any other case, the Bond Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of any of the Holders of the Covered Bonds.
Appears in 1 contract
Samples: General Security Agreement
