Common use of Modification of the Trust Deed Clause in Contracts

Modification of the Trust Deed. The Trustee may, without the consent of the Noteholders or Couponholders, (i) agree to any modification of any of the provisions of the Trust Deed or these Conditions, the Notes or the Coupons that is, in the opinion of the Trustee, of a formal, minor or technical nature or is made to correct a manifest error or to comply with a mandatory provision of the laws of England, and (ii) agree to any other modification (except as mentioned in the Trust Deed), and waive or authorise any breach, continuing breach or proposed breach, of any of the provisions of the Trust Deed or these Conditions that is in the opinion of the Trustee not materially prejudicial to the interests of the Noteholders. Any such modification, authorisation or waiver shall be binding on the Noteholders and the Couponholders and, if the Trustee so requires, such modification shall be notified to the Noteholders as soon as practicable.

Modification of the Trust Deed. The Note Trustee maymay agree, without the consent of the Noteholders Noteholders, Receiptholders or Couponholders, (i) agree to any modification of any of the provisions of the Trust Deed or the Notes, Receipts, or Coupons or these Conditions, the Notes or the Coupons Conditions that is, in the opinion of the Trustee, is of a formal, minor or technical nature or is made to correct a manifest error or to comply with a mandatory provision of the laws of Englanderror, and (ii) agree if in the opinion of the Note Trustee the interests of the Noteholders will not be materially prejudiced thereby, to any other modification (except as mentioned in the Trust Deed), and waive any waiver or authorise authorisation of any breach, continuing breach or proposed breach, breach of any of the provisions of the Trust Deed or the Notes, Receipts, or Coupons or these Conditions Conditions, or determine that is in the opinion any Event of the Trustee Default shall not materially prejudicial to the interests of the Noteholdersbe treated as such. Any such modification, authorisation or waiver shall be binding on the Noteholders and the Couponholders and, if the Note Trustee so requires, such modification shall be notified to the Noteholders as soon as practicable.