Common use of Notwithstanding Sections 9 Clause in Contracts

Notwithstanding Sections 9. 7.2 and 9.7.3, the Agent may, without the consent of the Lenders, make amendments to the Credit Documents that are for the sole purpose of curing any immaterial or administrative ambiguity, defect or inconsistency, but shall immediately notify the Lenders of any such action. The Agent may also consent from time to time to any change to the list of Material Contracts provided by NSCL in accordance with Section 3.1.8 and may discharge any Security (or direct the Trustee to do so) to the extent necessary to allow any Restricted Party to complete any sale or other disposition of Property permitted by this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Norske Skog Canada LTD), Credit Agreement (Norske Skog Canada LTD)