Common use of New Facility Agreement Clause in Contracts

New Facility Agreement. (a) Unless expressly stated to the contrary and subject to paragraph (b), references in any of the Finance Documents to the New Finance Documents and to terms defined in, and provisions of, any of the New Finance Documents, shall be references to the relevant New Finance Document and such terms and provisions as at the Effective Date, as the same may be amended with the prior written approval of the Facility Agent (acting on the instructions of the Majority Lenders) from time to time. (b) References in any of the Finance Documents to any Finance Party (as defined in the New Facility Agreement) shall include such Finance Party’s permitted successors, transferees or assigns from time to time.

New Facility Agreement. (a) Unless expressly stated to the contrary and subject to paragraph (b), references in any of the Finance Documents to the New Finance Documents and to terms defined in, and provisions of, any of the New Finance Documents, shall be references to the relevant New Finance Document and such terms and provisions as at the Effective Date, as the same may be amended with the prior written approval of the Facility Agent (acting on the instructions of the Majority Lenders) from time to time. (b) References in any of the Finance Documents to any Finance Party (as defined in the New Facility Agreement) shall include such Finance Party’s 's permitted successors, transferees or assigns from time to time.