Common use of Supervision Agreement Clause in Contracts

Supervision Agreement. notice of termination under the Supervision Agreement is served for any reason whatsoever or the Supervision Agreement is varied in any manner not permitted pursuant to the Security Documents unless (a) in the case of termination the same is replaced with a supervision agreement on substantially the same or other terms acceptable to the Agent or (b) in the case of variation the same is revised, or amended on terms acceptable to the Agent, and in any such case under (a) or (b) within 30 days.

Appears in 4 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

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