Common use of Disruption to Payment Systems etc Clause in Contracts

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrower, consult with the Borrowers with a view to agreeing with the Borrowers such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 4 contracts

Sources: Term Loan Facility (Global Ship Lease, Inc.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 4 contracts

Sources: Usd 75,000,000 Single Currency Revolving Facility Agreement (StoneX Group Inc.), Facility Agreement, Facility Agreement

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 4 contracts

Sources: Term Facility Agreement (Enstar Group LTD), Facility Agreement (DryShips Inc.), Facility Agreement (Gulfmark Offshore Inc)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Borrowers that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Borrowers, consult with the Borrowers with a view to agreeing with the Borrowers such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 3 contracts

Sources: Term Loan Facility Agreement (Icon Energy Corp), Term Loan Facility (United Maritime Corp), Facility Agreement (United Maritime Corp)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Company that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Company, consult with the Borrowers Company with a view to agreeing with the Borrowers Company such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Company in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 3 contracts

Sources: Super Senior Revolving Facility Agreement (Eagle Bulk Shipping Inc.), Multicurrency Revolving Facility Agreement (Wolseley PLC), Multicurrency Revolving Facility Agreement (Wolseley PLC)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 3 contracts

Sources: Facility Agreement (Randgold Resources LTD), Facility Agreement (Randgold Resources LTD), Covered Export Credit Agreement (Hughes Network Systems, LLC)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Parent that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Parent, consult with the Borrowers Parent with a view to agreeing in good faith with the Borrowers Parent such changes to the operation or administration of the Facility Facilities as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Parent in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 2 contracts

Sources: Permanent Facility Agreement (Groupe Eurotunnel SA), Permanent Facility Agreement (Groupe Eurotunnel SA)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 2 contracts

Sources: Term Loan Facility Agreement (Okeanis Eco Tankers Corp.), Term Loan Agreement (Ocean Rig UDW Inc.)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Company that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Company, consult with the Borrowers Company with a view to agreeing with the Borrowers Company such changes to the operation or administration of the Facility Facilities as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Company in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 2 contracts

Sources: Facility Agreement (WABCO Holdings Inc.), Facility Agreement (Rio Tinto PLC)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Company that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Company, consult with the Borrowers Company with a view to agreeing with the Borrowers Company such changes to the operation or administration of the Facility Facilities as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Company in relation to any changes mentioned in paragraph (aclause 34.11(a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the other Finance Parties in relation to any changes mentioned in paragraph (aclause 34.11(a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 2 contracts

Sources: Senior Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrower, consult with the Borrowers with a view to agreeing with the Borrowers such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances;; 141 (b) the Facility Agent shall not be obliged to consult with the Borrowers in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Term Loan Facility (Navios Maritime Partners L.P.)

Disruption to Payment Systems etc. If either the Facility Paying Agent determines (in its reasonable discretion) that a Disruption Event has occurred or the Facility Paying Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Paying Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility as the Facility Paying Agent may deem necessary in the circumstances; (b) the Facility Paying Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Paying Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Senior Facility Agreement (Spansion Inc.)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Company that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Company, consult with the Borrowers Company with a view to agreeing with the Borrowers Company such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Company in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; ; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (H Lundbeck a S)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Parent that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Parent, consult with the Borrowers Parent with a view to agreeing with the Borrowers Parent such changes to the operation or administration of the Facility Facilities as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Parent in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Facilities Agreement (Enstar Group LTD)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrower, consult with the Borrowers with a view to agreeing with the Borrowers such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers in relation to any changes mentioned in paragraph (a) above if, in its reasonable opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Term Loan Facility Agreement (Castor Maritime Inc.)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Parent that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Parent, consult with the Borrowers Parent with a view to agreeing with the Borrowers Parent such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Parent in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Enstar Group LTD)

Disruption to Payment Systems etc. If an Agent either the Facility Agent (i) determines (in its discretion) that a Disruption Event has occurred or the Facility Agent (ii) is notified by a Borrower an Obligor that a Disruption Event has occurred: (a) the Facility Intercreditor Agent may, and shall if requested instructed to do so by a Borrowerthe Guarantor, consult with the Borrowers Guarantor with a view to agreeing with the Borrowers Guarantor such changes to the operation or administration of the Facility Term Loans as the Facility Intercreditor Agent may deem necessary in the circumstances; (b) the Facility Intercreditor Agent shall not be obliged to consult with the Borrowers Guarantor in relation to any changes mentioned in paragraph (aClause 33.8(a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Intercreditor Agent may consult with the Finance other Secured Parties in relation to any changes mentioned in paragraph (aClause 33.8(a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Project Facilities Agreement and Intercreditor Agreement (Pacific Drilling S.A.)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) 31.8.1 the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility Facilities as the Facility Agent may deem necessary in the circumstances; (b) 31.8.2 the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above Clause 31.8.1 if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) 31.8.3 the Facility Agent may shall consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above Clause 31.8.1 but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Common Terms Agreement (Net 1 Ueps Technologies Inc)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Company that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Company, consult with the Borrowers Company with a view to agreeing with the Borrowers Company such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Company in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Facility Agreement (Marine Harvest ASA)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility Facilities as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (aclause 22.2(a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (aclause 22.2(a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Facility Agreement

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower HWDC that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a BorrowerHWDC, consult with the Borrowers HWDC with a view to agreeing with the Borrowers HWDC such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers HWDC in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties Lenders, the Security Agent and the Arranger in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Facility Agreement (Harry Winston Diamond Corp)

Disruption to Payment Systems etc. If either the Facility Agent Lender determines (in its discretion) that a Disruption Event has occurred or the Facility Agent Lender is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent Lender may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility as the Facility Agent Lender may deem necessary in the circumstances; (b) the Facility Agent Lender shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent Lender may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Secured Revolving Facility Agreement (Klondex Mines LTD)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a Borrower the Borrowers that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a Borrowerthe Borrowers, consult with the Borrowers with a view to agreeing with the Borrowers such changes to the operation or administration of the Facility Facilities as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Revolving Facilities Agreement (Molson Coors Brewing Co)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility Facilities as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Bridge Facilities Agreement (Compagnie Maritime Belge NV)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (aClause 28.10(a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (aClause 28.10(a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Facility Agreement (Golden Star Resources LTD)

Disruption to Payment Systems etc. If either the Facility Agent determines (in its discretion) that a Disruption Event has occurred or the Facility Agent is notified by a the Borrower that a Disruption Event has occurred: (a) the Facility Agent may, and shall if requested to do so by a the Borrower, consult with the Borrowers Borrower with a view to agreeing with the Borrowers Borrower such changes to the operation or administration of the Facility this Agreement as the Facility Agent may deem necessary in the circumstances; (b) the Facility Agent shall not be obliged to consult with the Borrowers Borrower in relation to any changes mentioned in paragraph (a) above if, in its opinion, it is not practicable to do so in the circumstances and, in any event, shall have no obligation to agree to such changes; (c) the Facility Agent may consult with the Finance Parties in relation to any changes mentioned in paragraph (a) above but shall not be obliged to do so if, in its opinion, it is not practicable to do so in the circumstances;

Appears in 1 contract

Sources: Facility Agreement