Common use of Amendments and Waivers: Transaction Security Documents Clause in Contracts

Amendments and Waivers: Transaction Security Documents. (a) Subject to paragraph (b) below and to Clause 31.4 (Exceptions) and unless the provisions of any Debt Document expressly provide otherwise, the Intercreditor Agent may (or may direct the Common Security Agent to), if authorised by the Majority Super Senior Creditors and the Required Pari Passu Creditors, and if the Parent consents, amend the terms of, waive any of the requirements of or grant consents under, any of the Transaction Security Documents (other than the Transaction Security Documents creating Credit-Specific Transaction Security) which shall be binding on each Party.

Amendments and Waivers: Transaction Security Documents. (a) Subject to paragraph (b) below and to Clause 31.4 2.5 (Additional and/or Refinancing Debt) and Clause 25.5 (Exceptions) and unless the provisions of any Debt Document expressly provide otherwise), the Intercreditor Agent may (or may direct the Common Security Agent to)may, if authorised by the Majority Super Senior Creditors and the Required Pari Passu Creditors, Majority Second Ranking 2029 Creditors and Majority Senior Secured Convertible Notes Creditors and if the Parent consents, amend the terms of, waive any of the requirements of or grant consents under, any of the Transaction Security Documents (other than the Transaction Security Documents creating Credit-Specific Transaction Security) which shall Documents, any such amendment, waiver or consent to be binding on upon each Party.