Common use of Requests for consent or approval Clause in Contracts

Requests for consent or approval. If a request is made to the Master Issuer Security Trustee by the Master Issuer or any other person to give its consent or approval to any event, matter or thing, then: (a) if any Master Issuer Transaction Document specifies that the Master Issuer 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 Master Issuer 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 Master Issuer Security Trustee shall give its consent or approval to that event, matter or thing only if so directed by the Note Trustee so long as there are any Master Issuer Notes outstanding.

Requests for consent or approval. If a request is made to the Master Issuer Security Trustee by the Master Issuer or any other person to give its consent or approval to any event, matter or thing, then: (a) if any Master Issuer Transaction Document specifies that the Master Issuer 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 Master Issuer Back to Contents 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 Master Issuer Security Trustee shall give its consent or approval to that event, matter or thing only if so directed by the Note Trustee so long as there are any Master Issuer Notes outstanding.

Requests for consent or approval. If a request is made to the Master Issuer Security Trustee by the Master Issuer or any other person to give its consent or approval to any event, matter or thing, then: (a) if any Master Issuer Transaction Document specifies that the Master Issuer 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 Master Issuer 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 Master Issuer Security Trustee shall give its consent or approval to that event, matter or thing only if so directed by the Note Trustee so long as there are any Master Issuer Notes outstanding.