Procedure for amendments and waivers. The Issuer and the Bond Trustee (acting on behalf of the Bondholders) may agree to amend the Finance Documents or waive a past default or anticipated failure to comply with any provision in a Finance Document, provided that: (a) such amendment or waiver is not detrimental to the rights and benefits of the Bondholders in any material respect, or is made solely for the purpose of rectifying obvious errors and mistakes; or (b) such amendment or waiver is required by applicable law, a court ruling or a decision by a relevant authority; or (c) such amendment or waiver has been duly approved by the Bondholders in accordance with Clause 7 (Bondholders’ Decisions).
Appears in 5 contracts
Samples: Covered Bond Agreement, Covered Bond Agreement, Covered Bond Agreement
Procedure for amendments and waivers. The Issuer and the Bond Trustee Security Agent (acting on behalf of the Bondholders) may agree to amend the Finance Security Documents or waive a past default or anticipated failure to comply with any provision in a Finance Security Document, provided that:
(a) such amendment or waiver is not detrimental to the rights and benefits of the Bondholders in any material respect, or is made solely for the purpose of rectifying obvious errors and mistakes; or
(b) such amendment or waiver is required by applicable law, a court ruling or a decision by a relevant authority; or
(c) such amendment or waiver has been duly approved by the Bondholders in accordance with Clause 7 30 (Bondholders’ Decisions).
Appears in 1 contract
Samples: Bond Terms
