Matters Affecting only One Facility Sample Clauses
The "Matters Affecting only One Facility" clause defines how issues or decisions that pertain exclusively to a single facility within a multi-facility agreement are to be handled. In practice, this means that if a change, event, or requirement impacts only one facility—such as a breach of terms, a waiver request, or a modification to that facility's terms—then only the parties directly involved with that facility need to address or approve the matter, rather than involving all parties to the broader agreement. This clause streamlines administration by ensuring that facility-specific issues do not unnecessarily complicate or delay the management of other facilities, thereby promoting efficiency and clarity in multi-facility arrangements.
Matters Affecting only One Facility. Notwithstanding the provisions of Section 24.3.4, matters which relate to or affect only the Facility A Credit, only the Facility C Credit, only the Facility D Credit or only the Facility E Credit shall be approved solely by the Lenders with Commitments under such credit.
