Common use of Limitations on Authority Clause in Contracts

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :- 9.4.1 release or vary any security given for the Borrower's obligations under this Agreement; nor 9.4.2 agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "Majority Banks"; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce the rate under the definitions of "Margin" "Commitment Commission" or "Default Rate".

Limitations on Authority. Except with the prior written consent of each of the Banks, neither the Agent nor the Security Trustee shall not be entitled to :- 9.4.1 release or vary any security given for the Borrower's Borrowers' obligations under this Agreement; nor 9.4.2 except as otherwise provided in this Agreement, agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "Majority Banks"; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce amend the rate under the definitions definition of "Margin" "Commitment Commission" or "Default Rate".

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :- 9.4.1 release or vary any security given for the Borrower's ’s obligations under this Agreement; nor 9.4.2 agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "“Majority Banks"”; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce the rate under the definitions of "“Margin" "” “Commitment Commission" ” or "“Default Rate"”.

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :- 9.4.1 release or vary any security given for the Borrower's Borrowers' obligations under this Agreement; nor 9.4.2 agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression expressions "Majority BanksInstructing Group" or "Margin"; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents (other than in accordance with the terms of the Security Documents); nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce the rate under the definitions of "Margin" "Commitment Commission" or "Default Rate".

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :-to:- 9.4.1 11.4.1 release or vary any security given for the BorrowerIndemnifier's obligations under this Agreement; nor 9.4.2 11.4.2 except as otherwise provided in the Security Documents, agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 11.4.3 change the meaning of the expression "Majority BanksInstructing Group"; nor 9.4.4 11.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 11.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 11.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 11.4.7 agree to change the currency in which any sum is payable under the Security Documents (other than in accordance with the terms of the Security Documents); nor 9.4.8 11.4.8 agree to amend this Clause 9.411.4; nor 9.4.9 11.4.9 agree to reduce the rate under the definitions of "Margin" "Commitment Commission" amend Clauses 9.1, 13.1 or "Default Rate".19.2.3; nor

Limitations on Authority. Except with the prior written consent of each of the BanksFinance Parties, the Agent shall not be entitled to :- 9.4.1 10.4.1 release or vary any security given for the Borrower's ' obligations under this Agreement; nor 9.4.2 agree to 10.4.2 waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 10.4.3 change the meaning of the expression expressions "Majority BanksINSTRUCTING GROUP" or "MARGIN"; nor 9.4.4 10.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the BanksBanks or the Swap Providers; nor 9.4.5 10.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 10.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank or the Swap Providers under any of the Security Documents; nor 9.4.7 10.4.7 agree to change the currency in which any sum is payable under the Security Documents (other than in accordance with the terms of the Security Documents); nor 9.4.8 10.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce the rate under the definitions of "Margin" "Commitment Commission" or "Default Rate"10.4.

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent and/or the Security Trustee shall not be entitled to :- 9.4.1 9.5.1 release or vary any security given for the Borrower's ’s obligations under this Agreement; nor 9.4.2 9.5.2 agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 9.5.3 change the meaning of the expression "“Majority Banks"”; nor 9.4.4 9.5.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 9.5.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 9.5.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 9.5.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 9.5.8 agree to amend this Clause 9.49.5; nor 9.4.9 9.5.9 agree to reduce the rate under the definitions of "“Margin" "” “Commitment Commission" ” or "“Default Rate"”.

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :- 9.4.1 release or vary any security given for the Borrower's obligations under this Agreement; nor 9.4.2 except as otherwise provided in this Agreement, agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "Majority BanksMAJORITY BANKS"; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce amend the rate under the definitions definition of "Margin" "Commitment Commission" or "Default RateMARGIN".

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :- 9.4.1 10.4.1 release or vary any security given for the Borrower's Borrowers' obligations under this Agreement; nor 9.4.2 agree to 10.4.2 waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 10.4.3 change the meaning of the expression expressions "Majority BanksINSTRUCTING GROUP" or "MARGIN"; nor 9.4.4 10.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 10.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 10.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 10.4.7 agree to change the currency in which any sum is payable under the Security Documents (other than in accordance with the terms of the Security Documents); nor 9.4.8 10.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce the rate under the definitions of "Margin" "Commitment Commission" or "Default Rate"10.4.

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :- 9.4.1 release or vary any security given for the Borrower's obligations under this Agreement; nor 9.4.2 except as otherwise provided in this Agreement, agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "Majority Banks"; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce amend the rate under the definitions definition of "Margin" "Commitment Commission" or "Default Rate".

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :-¬ 9.4.1 release or vary any security given for the Borrower's ’s obligations under this Agreement; nor 9.4.2 agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "“Majority Banks"”; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce the rate under the definitions of "“Margin" "” “Commitment Commission" ” or "“Default Rate"”.

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :- 9.4.1 release or vary any security given for the Borrower's obligations under this Agreement; nor 9.4.2 except as otherwise provided in this Agreement, agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "Majority BanksMAJORITY BANKS"; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 agree to amend this Clause 9.4; nor nor 9.4.9 agree to reduce amend the rate under the definitions definition of "Margin" "Commitment Commission" or "Default RateMARGIN".

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :-to:- 9.4.1 release or vary any security given for the Borrower's ’s obligations under this Agreement; nor 9.4.2 agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "Majority Banks"expressions “Instructing Group” or “Margin”; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents (other than in accordance with the terms of the Security Documents); nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce the rate under the definitions of "Margin" "Commitment Commission" or "Default Rate".

Limitations on Authority. Except with the prior written consent of each of the Banks, the Agent shall not be entitled to :- 9.4.1 release or vary any security given for the Borrower's Borrowers' obligations under this Agreement; nor 9.4.2 agree to waive the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.3 change the meaning of the expression "“Majority Banks"”; nor 9.4.4 exercise, or refrain from exercising, any discretion, or give or withhold any consent, the exercise or giving of which is, by the terms of this Agreement, expressly reserved to the Banks; nor 9.4.5 extend the due date for the payment of any sum of money payable by any of the Security Parties under the Security Documents; nor 9.4.6 take or refrain from taking any step if the effect of such action or inaction may lead to the increase of the obligations of a Bank under any of the Security Documents; nor 9.4.7 agree to change the currency in which any sum is payable under the Security Documents; nor 9.4.8 agree to amend this Clause 9.4; nor 9.4.9 agree to reduce the rate under amend the definitions of "“Margin" "” “Commitment Commission" ” or "“Default Rate"”.