Common use of Revocation of Notice Clause in Contracts

Revocation of Notice. 6.1 The Buyer may only revoke an Option Notice: 6.1.1 with the prior written consent of the Seller; or 6.1.2 where a Frustration Event has occurred and is continuing and the Buyer (acting on the instructions of the Majority Banks) has voted to enforce the Security Documents in accordance with clause 18.2(a)(i) of the Credit Agreement.

Appears in 1 contract

Sources: Share Option Agreement (British Energy Group PLC)

Revocation of Notice. 6.1 The Buyer may only revoke an Option Notice: 6.1.1 with the prior written consent of the Seller; or 6.1.2 where a Frustration Event has occurred and is continuing and the Buyer (acting on the instructions of the Majority Banks) has voted to enforce the Security Documents in accordance with clause 18.2(a)(i) of the Credit Agreement. **** indicates material omitted and filed separately with the Commission.

Appears in 1 contract

Sources: Asset Option Agreement (British Energy Group PLC)