Common use of Decisions requiring consent of the Majority Banks Clause in Contracts

Decisions requiring consent of the Majority Banks. Proposals in connection with the following matters shall, in the absence of agreement thereon by all of the Lenders, be determined by the Majority Banks:-

Appears in 3 contracts

Samples: Agreement (Smedvig Asa), Third Supplemental Agreement (Smedvig Asa), Fourth Supplemental Agreement (Smedvig Asa)

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Decisions requiring consent of the Majority Banks. Proposals in connection with the following matters shall, in the absence of agreement thereon by all of the LendersBanks and the Standby Lender or as otherwise provided in this Agreement, be determined by the Majority Banks:-

Appears in 3 contracts

Samples: Agreement (Stena Ab), Agreement (Stena Ab), Facility Agreement (Stena Ab)

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