Common use of Variations, waivers etc Clause in Contracts

Variations, waivers etc. requiring agreement of all Lenders However, as regards the following, Clause 27.1 applies as if the words “by the Agent on behalf of the Majority Lenders” were replaced by the words “by or on behalf of every Lender and the Swap Bank”: (a) a reduction in the Margin; (b) a postponement to the date for, or a reduction in the amount of, any payment of principal, interest, fees or other sum payable under this Agreement; (c) an increase in any Lender’s Commitment; (d) a change to the definition of “Majority Lenders”; (e) a change to Clause 3 or this Clause 27; (f) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (g) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender’s consent is required.

Variations, waivers etc. requiring agreement of all Lenders Lenders. However, as regards the following, Clause 27.1 applies as if the words “"by the Agent on behalf of the Majority Lenders” " were replaced by the words “"by or on behalf of every Lender and the every Swap Bank”": (a) a change to any Security Party, other than in accordance with the terms of the Finance Documents; (b) a reduction in the Margin; (bc) a postponement to the date for, or a reduction in the amount of, any payment of principal, interest, fees or other sum payable under this Agreement; (cd) an increase in any Lender’s 's Commitment; (de) a change to the definition of “"Sanctions" or "Majority Lenders”"; (ef) a change to Clause 3 or this Clause 27; (fg) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; (h) an extension of the Availability Period; and (gi) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender’s 's consent is required.

Variations, waivers etc. requiring agreement of all Lenders Lenders. However, as regards the following, Clause 27.1 applies as if the words “by the Agent on behalf of the Majority Lenders” were replaced by the words “by or on behalf of every Lender and the Swap BankLender”: (a) a reduction in the MarginMargin or a change to the definition of “Mandatory” Cost or to Schedule 6; (b) a postponement to the date for, or a reduction in the amount of, any payment of principal, interest, fees or other sum payable under this Agreement; (c) an increase in any Lender’s 's Commitment; (d) a change to the definition of “Majority Lenders”; (e) a change to Clause 3 or this Clause 27; (f) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (g) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender’s 's consent is required.

Variations, waivers etc. requiring agreement of all Lenders Lenders. However, as regards the following, Clause 27.1 applies as if the words “by the Agent on behalf of the Majority Lenders” were replaced by the words “by or on behalf of every Lender and the Swap BankLender”: (a) a reduction change in the MarginMargin or in the definition of LIBOR; (b) a postponement change to the date for, or a reduction in the amount of, any payment of principal, interest, fees fees, or other sum payable under this Agreement; (c) an increase in any Lender’s Commitmenta change to the Total Commitments; (d) a change to the definition of “Majority Lenders” or “Finance Documents”; (e) a change to the preamble or to Clause 3 2, 3, 4, 5.1, 9, 17, 18, 19 or 30; (f) a change to this Clause 27; (fg) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (gh) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender’s consent is required.

Variations, waivers etc. requiring agreement of all Lenders However, as regards the following, Clause 27.1 applies as if the words “by the Agent on behalf of the Majority Lenders” were replaced by the words “by or on behalf of every Lender and the every Swap Bank”: (a) a reduction in the Margin; (b) a postponement to the date for, or a reduction in the amount of, any payment of principal, interest, fees or other sum payable under this Agreement; (c) an increase in any Lender’s Commitment; (d) a change to the definition of “Majority Lenders”; (e) a change to Clause 3 or this Clause 27; (f) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (g) any other change or matter as regards in respect of which this Agreement or another Finance Document expressly provides that each Lender’s consent is required.

Variations, waivers etc. requiring agreement of all Lenders Lenders. However, as regards the following, Clause 27.1 applies as if the words “"by the Agent on behalf of the Majority Lenders” " were replaced by the words “"by or on behalf of every Lender and the Swap Bank”": (a) a reduction in the Margin; (b) a postponement to the date for, or a reduction in the amount of, any payment of principal, interest, fees or other sum payable under this Agreement; (c) an increase in any Lender’s 's Commitment; (d) a change to the definition of “"Majority Lenders”"; (e) a change to Clause 3 or this Clause 27; (f) any release of, or material variation to, a Security Interest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (g) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender’s 's consent is required.

Variations, waivers etc. requiring agreement of all Lenders Lenders. However, as regards the following, Clause 27.1 applies 27.1applies as if the words “"by the Agent on behalf of the Majority Lenders” " were replaced by the words “"by or on behalf of every Lender and the Swap Bank”BankBanks ": (a) a reduction in the Margin; (b) a postponement to the date for, or a reduction in the amount of, any payment of principal, interest, fees or other sum payable under this Agreement; (c) an increase in any Lender’s 's Commitment; (d) a change to the definition of “"Majority Lenders”"; (e) a change to Clause 3 or this Clause 27; (f) any release of, or material variation to, a Security Interestinterest, guarantee, indemnity or subordination arrangement set out in a Finance Document; and (g) any other change or matter as regards which this Agreement or another Finance Document expressly provides that each Lender’s 's consent is required.