Variations, waivers etc Sample Clauses
Variations, waivers etc requiring
Variations, waivers etc by Lender. A document shall be effective to vary, waive, suspend or limit any provision of a Finance Document, or the Lender’s rights or remedies under such a provision or the general law, only if the document is signed, or specifically agreed to by fax, by the Borrower and the Lender and, if the document relates to a Finance Document to which a Security Party is party, by that Security Party.
Variations, waivers etc requiring agreement of all Lenders. However, as regards the following, Clause 27.1 applies as if the words "by the Agent on behalf of the Majority Lenders" were replaced by the words "by or on behalf of every Lender and the Swap Bank":
(a) a change in the Margin or in the definition of LIBOR;
(b) a change to the date for, or the amount of, any payment of principal, interest, fees, or other sum payable under this Agreement;
(c) a change to any Lender's Commitment;
(d) an extension of the Availability Period;
(e) a change to the definition of "Majority Lenders" or "Finance Documents";
(f) a change to the preamble or to Clause 2, 3, 4, 5.1, 8.1, 8.2, 17, 18, 19 or 30;
(g) a change to this Clause 27;
(h) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and
(i) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender's consent is required.
Variations, waivers etc requiring agreement of all Lenders
(a) a reduction in the Margin;
(b) a postponement to the date for, or a reduction in the amount of, any payment of principal, interest, fees or other sum payable under this Agreement;
(c) an increase in any Lender’s Commitment;
(d) a change to the definition of “Majority Lenders”;
(e) a change to Clause 3 or this Clause 27;
(f) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and
(g) any other change or matter in respect of which this Agreement or another Finance Document expressly provides that each Lender’s consent is required.
Variations, waivers etc requiring agreement of all Lenders. However, as regards the following, Clause 27.1 applies as if the words “by the Agent on behalf of the Majority Lenders” were replaced by the words “by or on behalf of every Lender and the Swap Bank”:
Variations, waivers etc requiring agreement of all Lenders
Variations, waivers etc requiring agreement of all Lenders. However, as regards the following, Clause 27.1 (Variations, waivers etc. by Majority Lenders) applies as if the words “by the Agent on behalf of the Majority Lenders” were replaced by the words “by or on behalf of every Lender”:
(a) a change in the Margin or in the definition of LIBOR;
(b) a change to the date for, the amount of, any payment of principal, interest, fees, or other sum payable under this Agreement;
(c) a change to any Lender’s Commitment;
(d) an extension of Availability Period;
(e) a change to the definition of “Majority Lenders” or “Finance Documents”;
(f) a change to the preamble or to Clause 2 (Facility), 3 (Position of the Lenders), 4 (Drawdown), 5.1 (Payment of normal interest), 10.23 (Sanctions), 11.23 (Sanctions), 17 (Application of Receipts), 18 (Application of Earnings, Location of Accounts) or 31 (Law and Jurisdiction);
(g) a change to this Clause 27;
(h) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and
(i) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender’s consent is required.
Variations, waivers etc by Lender
Variations, waivers etc requiring agreement of all Lenders. However, as regards the following, Clause 27.1applies as if the words "by the Agent on behalf of the Majority Lenders" were replaced by the words "by or on behalf of every Lender and the Swap BankBanks ":
(a) a reduction in the Margin;
(b) a postponement to the date for, or a reduction in the amount of, any payment of principal, interest, fees or other sum payable under this Agreement;
(c) an increase in any Lender's Commitment;
(d) a change to the definition of "Majority Lenders";
(e) a change to Clause 3 or this Clause 27;
(f) any release of, or material variation to, a Security interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and
(g) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender's consent is required.
Variations, waivers etc. BY LENDER. A document shall be effective to vary, waive, suspend or limit any provision of a Finance Document, or the Lender's rights or remedies under such a provision or the general law, only if the document is signed, or specifically agreed to by fax, by the Borrower and the Lender and, if the document relates to a Finance Document to which a Security Party is party, by that Security Party.