Common use of Revocation of authorisation Clause in Contracts

Revocation of authorisation. an Authorisation which is material to the performance of a Transaction Document, to the Business, or to the validity or enforceability of a Transaction Document, is repealed, revoked or terminated or expires, or is withdrawn, modified or amended, and that event in the reasonable opinion of the Majority Financiers has or could be reasonably expected to have a Material Adverse Effect and the Authorisation is not promptly replaced by another Authorisation reasonably acceptable to the Majority Financiers;

Revocation of authorisation. an An Authorisation which is material to the performance by the Borrower of a Transaction Document, to the Business, or to the validity or and enforceability of a Transaction DocumentDocument or to the security of the Lender, is repealed, revoked or terminated or expires, or is withdrawn, modified or amendedamended or conditions are attached to it in a manner unacceptable to the Lender, and that event in the reasonable opinion of the Majority Financiers has or could be reasonably expected to have a Material Adverse Effect and the Authorisation is not promptly replaced by another Authorisation reasonably acceptable to the Majority Financiers;Lender. Loan Agreement

Revocation of authorisation. an Any material Authorisation which it is required to obtain or which it is required to ensure is obtained or which is material to the performance by an Obligor of a Transaction Document, to the Business, or to the validity or and enforceability of a Transaction DocumentDocument or to the security of the Agent, is repealed, revoked or terminated or expires, or is withdrawn, modified or amendedamended or conditions are attached to it in a manner materially prejudicial to the interests of the Finance Parties, and that event in the reasonable opinion of the Majority Financiers has or could be reasonably expected to have a Material Adverse Effect and the Authorisation is not promptly replaced within 30 days or such longer period as the Agent may agree by another Authorisation reasonably acceptable to the Majority FinanciersAgent;