Changes to Hedging Documents. Unless the Majority Senior Creditors (acting reasonably) have agreed to the Amendment in writing, no Obligor or Hedging Bank will Amend the terms of any Hedging Document: (a) save for procedural or administrative changes which do not increase the amount or change the currency payable by any Obligor under the original terms of any Hedging Document or alter the due date for any payment (except as provided in accordance with the original terms of the Hedging Documents); or (b) to result in any Obligor becoming liable to make an additional payment (or increase an existing payment) under any of the Hedging Documents or to impose an additional material obligation on any Obligor, which liability or obligation does not arise from the original terms of the Hedging Documents; or (c) save for any Amendment, termination or extension thereto as permitted by Clause 23.13(b)(i) (Treasury transactions) of the Senior Facility Agreement.
Appears in 2 contracts
Sources: Priority Agreement, Priority Agreement (Smurfit Kappa Acquisitions)
Changes to Hedging Documents. Unless the Majority Senior Creditors (acting reasonably) have agreed to the Amendment in writing, no Obligor or Hedging Bank will Amend the terms of any Hedging Document:
(a) save for procedural or administrative changes which do not increase the amount or change the currency payable by any Obligor under the original terms of any Hedging Document or alter the due date for any payment (except as provided in accordance with the original terms of the Hedging Documents); or
(b) to result in any Obligor becoming liable to make an additional payment (or increase an existing payment) under any of the Hedging Documents or to impose an additional material obligation on any Obligor, which liability or obligation does not arise from the original terms of the Hedging Documents; or
(c) save for any Amendment, termination amendment or extension thereto as permitted by Clause 23.13(b)(i) (Treasury transactions) of the Senior Facility Agreement.
Appears in 1 contract
Sources: Priority Agreement (JSG Funding PLC)