Creditor Waiver (5 October 2001) Sample Clauses

Creditor Waiver (5 October 2001). The Air NZ Group’s secured (subject to the proviso below) and unsecured banks and other creditors under loan, credit and other financial facilities, guarantees, aircraft leases, other material asset leases and under any interest rate swaps, currency swaps, forward rate transactions, commodity swaps, foreign exchange transactions or other similar swaps or derivative transactions (including any options with respect to, or any combination of, any of such swaps or derivatives) and any off balance sheet transactions waive all Air NZ Group breaches and potential breaches of the terms and conditions of the relevant facility, guarantee or lease for all periods up to, and including, the date on which the relevant Shareholder Meeting/s is/are held under clause 1.5 and thereafter if the Shareholder Approvals contemplated by that clause are given, whether on an unconditional or conditional basis and, if on a conditional basis, then on such terms and conditions as are acceptable to the Crown in its absolute discretion, provided that such a waiver will not be required from a particular creditor (other than an unsecured bank) if Air NZ satisfies the Crown (acting reasonably) that no such waiver is needed from that creditor.
Sample 1
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