Common use of Amendments to Finance Documents Clause in Contracts

Amendments to Finance Documents. No amendments without consent Subject to clause 10.2, the Security Trustee undertakes to the State that it will not agree to or permit any variation, amendment, waiver or replacement (Amendment) of any Finance Document without the State's prior consent, which consent must not be unreasonably withheld. Permitted Amendments The prior consent of the State is not required for an Amendment that: (novation, assignment or substitution): is a novation, assignment or substitution of a Financier or any of the rights or obligations of a Financier if the novatee, assignee or substitute: is a Financier; both: is on the Permitted Financier List; and becomes a Financier under and in accordance with the Finance Documents within [12] months of Financial Close; or has a credit rating of at least BBB+ by Standard and Poor's (Australia) Pty Limited or Baa1 by ▇▇▇▇▇'▇ Investors Services, Inc; (State consent): the State has consented to as part of giving its consent to a refinancing under clause 37.1 of the Project Deed; (Modification): is an Amendment that solely gives effect to Project Co's obligation to proceed with a Modification in accordance with a notice that has been accepted by the State under clause 35 of the Project Deed; (novation or assignment): is a novation or assignment under clause 13.1; or