Documentation of Majority Bank changes. Any action so authorised and effected by the Facility Agent or the Security Trustee under clause 22.1 shall be documented in such manner as the Facility Agent shall (with the approval of the Majority Banks) determine, shall be promptly notified to the Banks by the Facility Agent and (without prejudice to the generality of clause 17.3) shall be binding on all the Banks.
Appears in 3 contracts
Samples: Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Texas Utilities Electric Co), Facilities Agreement (Tu Acquisitions PLC)
Documentation of Majority Bank changes. Any action so authorised and effected by the Facility Agent or the Security Trustee under clause 22.1 (Majority Bank matters: amendments and waivers) shall be documented in such manner as the Facility Agent shall (with the approval of the Majority Banks) determine, shall be promptly notified to the Banks by the Facility Agent and (without prejudice to the generality of clause 17.317.3 (Actions of Facility Agent)) shall be binding on all the Banks.
Appears in 2 contracts
Samples: Facilities Agreement (Txu Europe LTD), Facilities Agreement (Texas Utilities Electric Co)
Documentation of Majority Bank changes. Any action so authorised and effected by the Facility Agent or the Security Trustee under clause 22.1 shall be documented in such manner as the Facility Agent shall (with the approval of the Majority Banks) determine, shall be promptly notified to the Banks by the Facility Agent and (without prejudice to the generality of clause 17.3) shall be binding on all the Banks.
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