Unanimous Lender decisions Clause Samples

Unanimous Lender decisions. The Intercreditor Agent shall not: (i) approve any Person as an Acceptable Charterer in accordance with the definition of Acceptable Charterer; (ii) approve any Financial Indebtedness as Permitted Subordinated Debt in accordance with the definition of Permitted Subordinated Debt or approve any Security Interest in respect of any Permitted Subordinated Debt in accordance with paragraph (h) of the definition of Permitted Security; (iii) approve any charter as: (A) an Acceptable Bareboat Charter in accordance with paragraph (a) or (b) of the definition of Acceptable Bareboat Charter; or (B) an Acceptable Time Charter in accordance with paragraph (a) or (b) of the definition of Acceptable Time Charter; or (C) an Alternative Charter in accordance with paragraph (d) of the definition of Alternative Charter or approve any extension to the term of any Alternative Charter (except where such extension is effected by the exercise of an express extension right set out in the relevant Alternative Charter); (iv) declare satisfied or, subject to Clause 37.4, waive any condition precedent as set out in Schedule 2 or any Delivery Condition as set out in Schedule 16; (v) approve any agreement that is not substantially in the form set out in Schedule 22 as a Vessel Management Agreement Direct Agreement or a Vessel Services Agreement Direct Agreement; (vi) give any consent or approval in respect of any other Interest Period in accordance with Clause 7.1(d); (vii) approve any non-compliance with any material obligation or any failure to enforce any material right, in each case under a Material Agreement in accordance with Clause 19.13; (viii) approve any agreement that is not substantially in the form as set out in Schedule 26 as an Acceptable Charter Direct Agreement in accordance with Clause 19.22(b); (ix) approve any compensation to be paid to a Borrower in accordance with Clause 22.9(a)(i)(B); (x) approve any voluntary reorganisation in accordance with Clause 22.17(a); (xi) waive any breach or default under a Material Agreement in accordance with Clause 22.20; (xii) in each case in accordance with Clause 26.16 and Schedule 35: (A) approve any Local Account Proposal; (B) approve any bank that a Borrower or the Guarantor proposes any Local Account be opened and maintained with; or (C) advise a Borrower or the Guarantor of any other requirements of the Secured Parties in respect of any Local Account; (xiii) approve any assignment or transfer by an Obligor in accordance with C...