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”: (a) a reduction in the Margin or a change to the definition of “Mandatory” Cost or to Schedule 6; (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. 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”: (a) a reduction change in the Margin or a change to in the definition of “Mandatory” Cost or to Schedule 6LIBOR; (b) a postponement change to the date for, or a reduction in the amount of, any payment of principal, interest, fees fees, or other sum payable under this Agreement; (c) an increase in a change to any Lender's ’s Commitment; (d) an extension of Availability Period; (e) a change to the definition of “Majority Lenders” or “Finance Documents”; (ef) a change to the preamble or to Clause 3 2, 3, 4, 5.1, 17, 18 or 30; (g) a change to this Clause 27; (fh) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (gi) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender's ’s consent is required.

Variations, waivers etc. requiring agreement of all Lenders. However, as regards the following, Clause 27.1 26.1 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”: (a) a reduction change in the Margin or a change to in the definition of “Mandatory” Cost or to Schedule 6LIBOR; (b) a postponement change to the date for, or a reduction in the amount of, any payment of principal, interest, fees fees, or other sum payable under this Agreement; (c) an increase in a change to any Lender's ’s Commitment; (d) an extension of Availability Period; (e) a change to the definition of “Majority Lenders” or “Finance Documents”; (ef) a change to the preamble or to Clause 3 2, 3, 4, 5.1, 17, 18 or this Clause 2729; (fg) a change to this Clause 26; (h) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (gi) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender's ’s consent is required.

Variations, waivers etc. requiring agreement of all Lenders. However, as regards the following, Clause 27.1 applies 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”Lender and the Swap BankBanks ": (a) a reduction in the Margin or a change to the definition of “Mandatory” Cost or to Schedule 6Margin; (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 Interestinterest, 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. 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 LenderLender and the Swap Bank”: (a) a reduction change in the Margin or a change to in the definition of “Mandatory” LIBOR or Cost or to Schedule 6of Funds; (b) a postponement change to the date for, or a reduction in the amount of, any payment of principal, interest, fees fees, or other sum payable under this Agreement; (c) an increase in a change to any Lender's ’s Commitment; (d) an extension of Availability Period; (e) a change to the definition of “Majority LendersFinance Documents”; (ef) a change to the preamble or to Clause 3 2, 3, 4, 5.1, 17, 18 or 30; (g) a change to this Clause 27; (fh) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (gi) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender's ’s consent is required.

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 LenderLender and every Swap Bank”: (a) a reduction in the Margin or a change to the definition of “Mandatory” Cost or to Schedule 6Margin; (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 ’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 in respect of which this Agreement or another Finance Document expressly provides that each Lender's ’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”Lender and every Swap Bank": (a) a reduction in the Margin or a change to any Security Party, other than in accordance with the definition terms of “Mandatory” Cost or to Schedule 6the Finance Documents; (b) a reduction in the Margin; (c) 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; (cd) an increase in any Lender's Commitment; (de) a change to the definition of “"Sanctions" or "Majority Lenders”"; (ef) a change to Clause 3 or this Clause 27; (fg) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; (h) an extension of the Availability Period; and (gi) 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. 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 LenderLender and the Swap Bank”: (a) a reduction in the Margin or a change to the definition of “Mandatory” Cost or to Schedule 6Margin; (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 ’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 ’s consent is required.