Common use of CONSENT OF SECURITY TRUSTEE Clause in Contracts

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Third Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Third Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Third Issuer Secured Creditors.

CONSENT OF SECURITY TRUSTEE. If a request in writing is made to the Security Trustee by the Third Fourth Issuer or any other person to give its consent to any event, matter or thing, then: (a) if the Third Fourth Issuer Transaction Document specifies that the Security Trustee is required to give its consent to that event, matter or thing if certain specified conditions are satisfied in relation to that event, matter or thing, then the Security Trustee shall give its consent to that event, matter or thing upon being satisfied acting reasonably that those specified conditions have been satisfied; and (b) in any other case, the Security Trustee may give its consent if to do so would not, in its opinion, be materially prejudicial to the interests of the Third Fourth Issuer Secured Creditors.