Common use of Requests for consent or approval Clause in Contracts

Requests for consent or approval. If a request is made to the Funding 1 Security Trustee by Funding 1 or any other person to give its consent or approval to any event, matter or thing, then: (a) if any Funding 1 Agreement specifies that the Funding 1 Security Trustee is required to give its consent or approval to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Funding 1 Security Trustee will give its consent or approval to that event, matter or thing upon being satisfied that those specified conditions have been satisfied; and (b) in any other case, the Funding 1 Security Trustee shall give its consent or approval to that event, matter or thing only if so directed by the Issuer Security Trustee, so long as there are is any Loan Tranche outstanding under the Intercompany Loan Agreement, and otherwise by all of the Funding 1 Secured Creditors.

Requests for consent or approval. If a request is made to the Funding 1 2 Security Trustee by Funding 1 2 or any other person to give its consent or approval to any event, matter or thing, then: (a) if any Funding 1 2 Agreement specifies that the Funding 1 2 Security Trustee is required to give its consent or approval to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Funding 1 2 Security Trustee will give its consent or approval to that event, matter or thing upon being satisfied that those specified conditions have been satisfied; and (b) in any other case, the Funding 1 2 Security Trustee shall give its consent or approval to that event, matter or thing only if so directed by the Master Issuer Security Trustee, Trustee so long as there are is any Loan Tranche outstanding under the Master Intercompany Loan Agreement, Agreement and otherwise by all of the Funding 1 2 Secured Creditors.