Revocation or Modification of consents etc. if any material consent, licence, approval or authorisation which is now or which at any time during the Facility Period becomes necessary to enable any of the Security Parties to comply with any of their obligations in or pursuant to any of the Security Documents is revoked, withdrawn or withheld, or modified in a manner which the Agent reasonably considers is, or may be, prejudicial to the interests of the Banks in a material manner, or any material consent, licence, approval or authorisation ceases to remain in full force and effect; or
Appears in 3 contracts
Samples: Loan Facility Agreement, First Supplemental Agreement (Gulfmark Offshore Inc), Loan Facility Agreement (Teekay Offshore Partners L.P.)
Revocation or Modification of consents etc. if any material consent, licence, approval or authorisation which is now or which at any time during the Facility Period becomes necessary to enable any of the Security Parties to comply with any of their obligations in or pursuant to any of the Security Documents is revoked, withdrawn or withheld, or modified in a manner which the Agent reasonably considers is, or may be, prejudicial to the interests of the Banks in a material manner, or any material consent, licence, approval or authorisation ceases to remain in full force and effect; or
Appears in 2 contracts
Samples: Loan Facility Agreement (Stolt Offshore S A), Loan Facility Agreement (Stolt Comex Seaway S A)
