Common use of Variation of order of application Clause in Contracts

Variation of order of application. The Agent may, following the occurrence of an Event of Default or a Potential Event of Default which is continuing, with the authorisation of the Majority Lenders by notice to the Borrower, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.

Variation of order of application. The Agent may, following the occurrence of an Event of Default or a Potential Event of Default which is continuing, with the authorisation of the Majority Lenders by notice to the BorrowerBorrowers, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.

Variation of order of application. The Agent may, following the occurrence of an Event of Default or a Potential Event of Default which is continuing, with the authorisation of the Majority Lenders and the Swap Bank by notice to the Borrower, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.

Variation of order of application. The Agent may, may (following the occurrence of an Event of Default or a Potential Event of Default which is continuing), with the authorisation of all the Majority Lenders Lenders, by notice to the Borrower, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 18.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.

Variation of order of application. The Agent may, following Following the occurrence of an Event of Default or a Potential Event of Default which is continuing, the Agent may, with the authorisation of the Majority Lenders Lenders, by notice to the Borrower, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 (Normal order of application) (but not, for the avoidance of doubt, that set out in Clause 17.2 (Application by any covered bond Lender)) either as regards a specified sum or sums or as regards sums in a specified category or categories.

Variation of order of application. The Agent may, following the occurrence of If an Event of Default or a Potential Event of Default which has occurred and is continuing, the Agent may, with the authorisation of the Majority Lenders and the Swap Counterparties, by notice to the BorrowerBorrowers, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.

Variation of order of application. The Agent may, may (following the occurrence of an Event of Default or a Potential Event of Default which is continuing), with the authorisation of all the Majority Lenders Lenders, by notice to the Borrower, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.

Variation of order of application. The Agent may, may (following the occurrence of an Event of Default or a Potential Event of Default which is continuing), with the authorisation of all the Majority Lenders and the Swap Bank, by notice to the Borrower, the Security Parties and the other Creditor Parties provide for a different manner of application from that set out in Clause 17.1 either as regards a specified sum or sums or as regards sums in a specified category or categories.