Common use of 2Limitations Clause in Contracts

2Limitations. Notwithstanding anything in any Loan Document to the contrary, Agent may make or adopt Alternative Currency Conforming Changes and Benchmark Replacement Conforming Changes from time to time and any amendment or notice implementing such changes will become effective without further action or consent of any other party; provided, that Agent shall post or otherwise provide same to Borrowers and Lenders reasonably promptly after it becomes effective. No agreement of any Obligor shall be required for any Modification of a Loan Document that deals solely with the rights and duties of Lenders, Issuing Bank and/or Agent as among themselves. Only the consent of the parties to any agreement relating to fees or a Bank Product shall be required for Modification of such agreement, and no Bank Product provider (in such capacity) shall have any right to consent to Modification of any Loan Document. Any waiver or consent granted by Agent, Issuing Bank or Lenders hereunder shall be effective only if in writing and only for the matter specified.

Appears in 2 contracts

Sources: Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc), Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc)

2Limitations. Notwithstanding anything in any Loan Document to the contrary, Agent may make or adopt Alternative Currency Conforming Changes and Benchmark Replacement Conforming Changes from time to time and any amendment or notice implementing such changes will become effective without further action or consent of any other party; provided, that Agent shall post or otherwise provide same to Borrowers and Lenders reasonably promptly after it becomes effective. No agreement of any Obligor shall be required for any Modification of a Loan Document that deals solely with the rights and duties of Lenders, Issuing Bank and/or Agent as among themselves. Only the consent of the parties to any agreement relating to fees or a Bank Product shall be required for Modification of such agreement, and no Bank Product provider (in such capacity) shall have any right to consent to Modification of any Loan Document. Any waiver or consent granted by Agent, Issuing Bank or Lenders hereunder shall be effective only if in writing and only for the matter specified.

Appears in 1 contract

Sources: Loan, Security and Guaranty Agreement (Helix Energy Solutions Group Inc)