Common use of Discretion to Exercise Rights Clause in Contracts

Discretion to Exercise Rights. To the extent rights (including voting rights, rights to provide notice and elect remedies and rights to approve waivers, consents or amendments of the related Bond Documents) are created in favor of the U.S. L/C Issuer of any U.S. Bond L/C, such rights (other than ministerial, non-discretionary rights) may only be exercised with the consent, or in accordance with the directions, of the U.S. Required Lenders.

Discretion to Exercise Rights. To the extent rights (including voting rights, rights to provide notice and elect remedies remedies, and rights to approve waivers, consents consents, or amendments of the related Bond Documents) are created in favor of the U.S. L/C Issuer of any U.S. Bond L/C, such rights (other than ministerial, non-non discretionary rights) may only be exercised with the consent, or in accordance with the directions, of the U.S. Required Lenders.

Discretion to Exercise Rights. To the extent rights (including voting rights, rights to provide notice and elect remedies and rights to approve waivers, consents or amendments of the related Bond Documents) are created in favor of the U.S. L/C Issuer of any U.S. Bond L/C, such rights (other than ministerial, non-non discretionary rights) may only be exercised with the consent, or in accordance with the directions, of the U.S. Required Lenders.