Common use of Majority Consent Clause in Contracts

Majority Consent. Subject to Section 21.16(a), any waiver of or any amendment to any provision of the Documents as they pertain to the Credit Facility and any action, consent or other determination in connection with the Documents as they pertain to the Credit Facility will bind all of the Lenders if such waiver, amendment, action, consent or other determination is agreed to in writing by the Majority Lenders; provided that any waiver or amendment which changes or relates to any material rights or obligations of the Agent, the Swingline Lender, the Issuing Lender, a Hedge Lender or a Cash Manager shall also require the agreement in writing of such Party.

Appears in 2 contracts

Sources: Credit Agreement (Harvest Operations Corp.), Credit Agreement (Harvest Operations Corp.)