Common use of Variations, waivers etc Clause in Contracts

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”:

Appears in 2 contracts

Samples: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)

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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 every Swap Bank”:

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Amending and Restating Agreement

Variations, waivers etc. requiring agreement of all Lenders. However, as As regards the following, Clause 27.1 28.1 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 BankLender”:

Appears in 1 contract

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.)

Variations, waivers etc. requiring agreement of all Lenders. However, as As regards the following, Clause 27.1 28.1 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 BankLender”: (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 or the Note;

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Variations, waivers etc. requiring agreement of all Lenders. However, as regards the following, Clause 27.1 29.1 applies as if the words “by the Agent acting with the consent and on behalf of the Majority Lenders” were replaced by the words “by or the Agent acting with the consent and on behalf of of, every Lender and the Swap BankGuarantee Issuer”:

Appears in 1 contract

Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)

Variations, waivers etc. requiring agreement of all Lenders. 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 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;

Appears in 1 contract

Samples: Amending and Restating Deed

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Variations, waivers etc. requiring agreement of all Lenders. However, as regards the following, Clause 27.1 28.1 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 BankLender”:

Appears in 1 contract

Samples: Facility Agreement (NewLead Holdings Ltd.)

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 BankLender”:

Appears in 1 contract

Samples: Amending and Restating Agreement (TBS International PLC)

Variations, waivers etc. requiring agreement of all Lenders. However, as regards the following, Clause 27.1 33.1 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 BankLender”:

Appears in 1 contract

Samples: Facility Agreement (NewLead Holdings Ltd.)

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