Common use of Approved List Clause in Contracts

Approved List. (a) Subject to paragraph ‎(b) below, the Approved List may be amended with the prior written consent of the Agent (acting on the instruction of the Majority Lenders) and the Company. (b) The Company may, subject to giving 5 Business Days’ prior notice to the Agent, in its sole discretion: (i) add any new person to the Approved List at any time; and (ii) (in addition to persons removed automatically) remove up to five (5) persons (other than existing Lenders or their Affiliates or Related Entities from the Approved List per Financial Year and the Lenders shall be entitled to propose replacement names (through the Agent) which the Company agrees to consider in good faith (but shall be under no obligation to procure that such names are added to the Approved List), provided that the Approved List shall automatically be deemed to exclude each person listed therein which is a Disqualified Lender from time to time. (c) Any person consented to by the Company as a permitted transferee or assignee under Clause ‎27.2 (Conditions of Assignment or Transfer) shall be automatically added to the Approved List. (d) Any amendment to the Approved List will be without prejudice to the effect of any assignment or transfer which is made in accordance with Clause ‎27 (Changes to the Lenders) prior to the date of such amendment. (e) The Agent shall, within five (5) Business Days of a reasonable request by any Party, provide a copy of the Approved List to that Party.

Approved List. (a) Subject to paragraph ‎(b) below, the Approved List may be amended with the prior written consent of the Agent (acting on the instruction of the Majority LendersNoteholders) and the Company. (b) The Company may, subject to giving 5 Business Days’ prior notice to the Agent, in its sole discretion: (i) add any new person to the Approved List at any time; and (ii) (in addition to persons removed automatically) remove up to five (5) persons (other than existing Lenders Noteholders or their Affiliates or Related Entities from the Approved List per Financial Year and the Lenders Noteholders shall be entitled to propose replacement names (through the Agent) which the Company agrees to consider in good faith (but shall be under no obligation to procure that such names are added to the Approved List), provided that the Approved List shall automatically be deemed to exclude each person listed therein which is a Disqualified Lender Noteholder from time to time. (c) Any person consented to by the Company as a permitted transferee or assignee under Clause ‎27.2 (Conditions of Assignment or Transfer) shall be automatically added to the Approved List. (d) Any amendment to the Approved List will be without prejudice to the effect of any assignment or transfer which is made in accordance with Clause ‎27 (Changes to the LendersNoteholders) prior to the date of such amendment. (e) The Agent shall, within five (5) Business Days of a reasonable request by any Party, provide a copy of the Approved List to that Party.