Modification to the Transaction Documents Sample Clauses

Modification to the Transaction Documents. (a) The Note Trustee or, as the case may be, the Security Trustee may (or in the case of paragraph (iii) below, shall) at any time and from time to time, with the written consent of the Secured Creditors which are a party to the relevant Transaction Document (such consent to be conclusively demonstrated by such Secured Creditor entering into any deed or document purporting to modify such Transaction Document) but without the consent or sanction of the Noteholders or any other Secured Creditors agree with the Issuer and any other parties in making or sanctioning any modification: (i) other than in respect of a Basic Terms Modification, to the Conditions, the Trust Deed or any other Transaction Document, which in the opinion of the Note Trustee (acting in accordance with the Trust Deed) or, as the case may be, the Security Trustee (acting on the directions of the Note Trustee) will not be materially prejudicial to the interests of the Noteholders or the interests of the Note Trustee or the Security Trustee (subject to clause 8.2(b) above) (Conflict between Noteholders) and, for the avoidance of doubt any modification of the Collection Accounts Declaration of Trust which does not affect the manner in which the Issuer's Loans Beneficiary Trust Share (as defined in the Collection Accounts Declaration of Trust) is calculated will not be materially prejudicial to the interests of the Noteholders or the interests of the Note Trustee or the Security Trustee; (ii) to the Conditions, the Trust Deed or any other Transaction Document if in the opinion of the Note Trustee (acting in accordance with the Trust Deed), or, as the case may be, the Security Trustee (acting on the direction of the Note Trustee), such modification is of a formal, minor or technical nature or to correct a manifest error; (iii) to the Transaction Documents and/or the Conditions that are requested in writing by the Issuer (acting in its own discretion or at the direction of any Transaction Party) in order to enable the Issuer to comply with any applicable requirements under European Regulation 648/2012 of 4 July 2012, known as the European Market Infrastructure Regulation (EU EMIR) or UK EMIR with which EU EMIR forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, irrespective of whether such modifications are (A) materially prejudicial to the interests of the holders of any Class of Notes or any other Secured Creditor or (B) in respect of a Basic ...
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Modification to the Transaction Documents. On the date hereof, the Transaction Documents shall be amended and the parties shall (and, where applicable, SRGL and SALIC shall cause SRUS to) execute amendments to such documents as follows (as well as such other conforming amendments and revisions ancillary to the following amendments); provided, that the amendments to the Investment Management Agreement specified in Section 6(e) hereof shall be executed by the respective parties thereto within fifteen (15) days of the date hereof; provided, further, that the amendments to the Coinsurance Retrocession Agreement specified in Section 6(d) hereof shall be executed by the respective parties thereto on or before August 13, 2008: (a) Amendments to the Indenture. (1) Section 3.01(3)(B) of the Indenture shall be amended by: (i) deleting Section 3.01(3)(B)(d) in its entirety and replacing it with the following: “if SALIC’s insurance financial strength rating by S&P is “BBB-” or that rating by ▇▇▇▇▇’▇ is “Baa3” or SRGL’s senior unsecured credit rating by S&P is “BB” or that rating by ▇▇▇▇▇’▇ is “Ba2,” Three-Month LIBOR plus 1.75%; and” (ii) adding a new Section 3.01(3)(B)(e) as follows: “if SALIC’s insurance financial strength rating by S&P is below “BBB-” or that rating by ▇▇▇▇▇’▇ is below “Baa3” or SRGL’s senior unsecured credit rating by S&P is below “BB” or that rating by ▇▇▇▇▇’▇ is below “Ba2,” or both SALIC’s insurance financial strength rating and SRGL’s senior unsecured credit rating have been withdrawn or are no longer rated by both Moody’s and S&P, Three-Month LIBOR plus 2.75%. For the avoidance of doubt, the Interest Rate with respect to the Interest Period beginning on May 11, 2008 shall be Three-Month LIBOR plus 2.75%.” (2) Section 6.01 of the Indenture shall be amended by adding a new Section 6.01(M) at the end thereof as follows:
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Modification to the Transaction Documents. (a) The Note Trustee or, as the case may be, the Security Trustee may (or in the case of sub-paragraph
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Related to Modification to the Transaction Documents

  • Description of the Transaction Documents The Transaction Documents will conform in all material respects to the respective statements relating thereto contained in the Offering Memorandum.

  • Other Transaction Documents Each representation and warranty made by the Servicer under each other Transaction Document to which it is a party (including, without limitation, the Purchase and Sale Agreement) is true and correct in all material respects as of the date when made.

  • Amendments to Transaction Documents Without the consent of the Administrative Agent, amend, modify or otherwise change any of the terms or provisions of any Transaction Document other than (i) supplements identifying Solar Loans to be transferred in connection with each transfer of Solar Loans and the related Solar Assets from time to time in accordance with the Sale and Contribution Agreement or this Agreement, (ii) amendments, supplements or other changes in accordance with the terms of the applicable Transaction Document, and (iii) amendments, supplements or other changes with respect to exhibits and schedules to any Transaction Document that would not reasonably be expected to have a material adverse effect on the value, enforceability, or collectability of the Collateral or adversely affect Collections.

  • Descriptions of the Transaction Documents Each Transaction Document conforms in all material respects to the description thereof contained in the Registration Statement, the Pricing Disclosure Package and the Prospectus.

  • Acquisition Documents (a) Borrowers and Guarantors have delivered, or caused to be delivered, to Agent, true, correct and complete copies of the Acquisition Documents. (b) The Acquisition Documents set forth the entire agreement and understanding of the parties thereto relating to the subject matter thereof, and there are no other agreements, arrangements or understandings, written or oral, relating to the matters covered thereby. (c) None of the Acquisition Documents have been amended or otherwise modified without the prior written consent of Agent. (d) The execution, delivery and performance of the Acquisition Documents have been duly authorized by all necessary action on the part of Parent and each of its Subsidiaries that is a party thereto and to the best of the knowledge of Borrowers and Guarantors, each other party thereto. Each of the Acquisition Documents is the legal, valid and binding obligation of the parties thereto, enforceable against such party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or other similar laws affecting creditors' rights generally. All actions taken by Parent and its Subsidiaries pursuant or in connection with the purchase of the TUG Acquisition Assets and the Capital Stock of TUG NY, Clare, FMI Blocker, FMI Holdco and Sea Master Hong Kong have been taken in compliance with the terms of the Acquisition Documents. (e) No party to any of the Acquisition Documents is in default with respect to any of its obligations under such Acquisition Documents in any material respect and all representations and warranties made by the parties thereto in the Acquisition Documents and in the certificates delivered in connection therewith are true and correct as of the date hereof, except as waived in writing with the approval of Agent. The reports, financial statements, certificates and other written information with respect to the purchase of the TUG Acquisition Assets and the Capital Stock of TUG NY, Clare, FMI Blocker, FMI Holdco and Sea Master Hong Kong in connection with the Acquisition Documents, furnished to Agent by Borrowers, taken as a whole (as modified or supplemented by other written information so furnished), do not contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which it was made, not misleading.