Common use of Unanimous Consent Clause in Contracts

Unanimous Consent. (A) An amendment or waiver that has the effect of changing or which relates to: (1) an increase or decrease in the amount of any Loan or a lengthening or shortening of any Availability Period or any amendment to the definition of the Final Repayment Date; or (2) a reduction in the rate or rates of interest payable hereunder or in the amount of or the due date for, interest, fees or any other payment owing or to become owing to any of the Lenders hereunder; or (3) any provision relating to prepayment or scheduled payment of principal or interest; or (4) the definition of Majority Lenders or this clause; or (5) the provisions of clause 26 (Sharing Among Lenders); or (6) any provision which expressly requires the consent of all the Lenders; or (7) any condition precedent to the availability for drawing of sums hereunder; or (8) clause 2.2 (Finance Party's rights and obligations) or clause 21 (Changes to the Lenders); or (9) a change to the Borrower; or (10) the currency in which any Loan is denominated. shall not be made without the prior written consent of all of the Lenders. (B) Regardless of any other provision in this Agreement, no waiver amendment, supplement or modification shall be effective without the consent of the Agent, the Co-ordinating Arranger or the Lenders (as the case may be) if any such waiver, amendment, supplement or modification would otherwise amend, modify or waive any of the rights of the Agent, the Co-ordinating Arranger or the Lenders (as the case may be) under any of the Finance Documents or (in each case) subject any of them to any additional obligations under such documents or amend any amount payable to them.

Appears in 1 contract

Sources: Facility Agreement (PCCW LTD)

Unanimous Consent. (A) An amendment or waiver that has the effect of changing or which relates to: (1) an increase or decrease in the amount of any Loan or a lengthening or shortening of any Availability Period or any amendment to the definition of the Final Repayment Date; or (2) a reduction in the rate or rates of interest payable hereunder or in the amount of or the due date for, interest, fees or any other payment owing or to become owing to any of the Lenders hereunder; or (3) any provision relating to voluntary or mandatory prepayment or scheduled payment of principal or interest; or (4) the definition of Majority Lenders or this clause; or (5) any release of a Security Document or any amendment, waiver, discharge or termination which would prejudice the Lenders' position under the Security Documents; or (6) the provisions of clause 26 (Sharing Among Lenders); or (67) any provision which expressly requires the consent of all the Lenders; or (7) 8) any condition precedent to the availability for drawing of sums hereunder; or (8) 9) clause 2.2 (Finance Party's rights and obligations) or clause 21 (Changes to the Lenders); or (910) a change to the Borrower; or (1011) the currency in which any Loan is denominated. shall not be made without the prior written consent of all of the Lenders. (B) Regardless of any other provision in this Agreement, no waiver amendment, supplement or modification amendment shall be effective without the consent of the Agent, the Co-ordinating Arranger or Arrangers, the Lenders (or as the case may be) if , the Security Trustee, where any such waiver, amendment, supplement or modification if it would otherwise amend, modify or waive any of the rights of the Agent, the Co-ordinating Arranger or Arrangers, the Lenders (or as the case may be) , the Security Trustee under any of the Finance Documents or (in each case) subject any of them to any additional obligations under such documents or amend any amount payable to them.

Appears in 1 contract

Sources: Facility Agreement (PCCW LTD)

Unanimous Consent. (A) An amendment or waiver that has the effect of changing or which relates to: (1) an increase or decrease in the amount of any Loan or a lengthening or shortening of any Availability Period or any amendment to the definition of the Final Repayment Date; or (2) a reduction in the rate or rates of interest payable hereunder or in the amount of or the due date for, interest, fees or any other payment owing or to become owing to any of the Lenders hereunder; or (3) any provision relating to prepayment or scheduled payment of principal or interest; or (4) the definition of Majority Lenders or this clause; or (5) the provisions of clause 26 (Sharing Among Lenders); or (6) any provision which expressly requires the consent of all the Lenders; or (7) any condition precedent to the availability for drawing of sums hereunder; or (8) clause 2.2 (Finance Party's rights and obligations) or clause 21 (Changes to the Lenders); or (9) a change to the Borrower; or (10) the currency in which any Loan is denominated. shall not be made without the prior written consent of all of the Lenders. (B) Regardless of any other provision in this Agreement, no waiver amendment, supplement or modification shall be effective without the consent of the Agent, the Co-ordinating Arranger Arrangers or the Lenders (as the case may be) if any such waiver, amendment, supplement or modification would otherwise amend, modify or waive any of the rights of the Agent, the Co-ordinating Arranger Arrangers or the Lenders (as the case may be) under any of the Finance Documents or (in each case) subject any of them to any additional obligations under such documents or amend any amount payable to them.

Appears in 1 contract

Sources: Facility Agreement (PCCW LTD)

Unanimous Consent. (A) An amendment or waiver that has the effect of changing or which relates to: (1) an increase or decrease in the amount of any the Loan or a lengthening or shortening of any the Availability Period or any amendment to the definition of the Final Repayment Date; or (2) a reduction in the rate or rates of interest payable hereunder or in the amount of or the due date for, interest, fees or any other payment owing or to become owing to any of the Lenders hereunder; or (3) any provision relating to voluntary or mandatory prepayment or scheduled payment of principal or interest; or (4) the definition of Majority Lenders or this clause; or (5) any release of a Security Document or any amendment, waiver, discharge or termination which would prejudice the Lenders' position under the Security Documents; or (6) the provisions of clause 26 (Sharing Among Lenders); or (67) any provision which expressly requires the consent of all the Lenders; or (7) 8) any condition precedent to the availability for drawing of sums hereunder; or (8) 9) clause 2.2 (Finance Party's rights and obligations) or clause 21 (Changes to the Lenders); or (910) a change to the Borrower; or (10) the currency in which any Loan is denominated. shall not be made without the prior written consent of all of the Lenders. (B) Regardless of any other provision in this Agreement, no waiver amendment, supplement or modification amendment shall be effective without the consent of the Agent, the Co-ordinating Arranger or Arrangers, the Lenders (or as the case may be) if , the Security Trustee, where any such waiver, amendment, supplement or modification if it would otherwise amend, modify or waive any of the rights of the Agent, the Co-ordinating Arranger or Arrangers, the Lenders (or as the case may be) , the Security Trustee under any of the Finance Documents or (in each case) subject any of them to any additional obligations under such documents or amend any amount payable to them.

Appears in 1 contract

Sources: Facility Agreement (PCCW LTD)