Common use of Authority of the Agent Clause in Contracts

Authority of the Agent. If authorised by an Instructing Group, the Agent may grant waivers and agree amendments with the Borrowers' Agent. These waivers and amendments will be granted on behalf of the Lenders and be binding on all of them, including those which were not part of the Instructing Group, and all the Obligors. This sub-Clause does not authorise the Agent to grant any waiver or agree any amendment affecting any of the following: (A) The amount of the Facility. (B) The amount or method of calculation of interest or margin or fees. (C) The manner, currency or timing of repayment of the Loan or of the payment of any other amount. (D) The length of the period during which the Facility is available. (E) The definitions of "Financial Indebtedness" and "Instructing Group". (F) The obligations of the Lenders. (G) Any requirement (including the one in this sub-Clause) that all the Lenders or a certain proportion of them consent to a matter or deliver a notice. (H) Clauses 3, 14 or 24.1. Waivers or amendments affecting these matters require the consent of all Lenders.

Authority of the Agent. If authorised by an Instructing Group, Group the Agent may grant waivers and agree amendments of any Financing Document with the Borrowers' Agentany Company. These waivers and amendments will be granted on behalf of the Lenders and be binding on all of them, including those which were not part of the Instructing Group, and all the Obligors. This sub-Clause clause does not authorise the Agent to grant any waiver or agree any amendment affecting any of the following: (A) The identity of any Company. (B) The amount of the Revolving Facility. (BC) The amount or method of calculation of interest or margin or feescommitment fee. (CD) The manner, currency or timing of repayment of the Loan or of the payment of any other amount. (DE) The length definition of the period during which the "Facility is availableTermination Date". (EF) The definitions definition of "Financial Indebtedness" and "Instructing Group". (FG) The obligations of the Lenders. (GH) Any requirement (including the one in this sub-Clauseclause) that all the Lenders or a certain proportion of them consent to a matter or deliver a notice. (HI) Clauses 3, 14 13 or 24.1. (J) Subject to Clause 253, the release of any Security constituted by the Charges. Waivers or amendments affecting these matters require the consent of all Lenders.