Common use of Transaction Authorisations Clause in Contracts

Transaction Authorisations. 22.15.1 Any Transaction Authorisation is: (a) repudiated, revoked, cancelled, suspended, forfeited, surrendered or terminated (in whole or in part); or (b) otherwise is not, or ceases to be, in full force and effect. 22.15.2 Any Transaction Authorisation is varied or modified in a manner which has, or would, in the Lender’s reasonable view, result in a Material Adverse Effect and such variation or modification is not revoked to the satisfaction of the Lender. 22.15.3 Any Transaction Authorisation has a condition attaching to it which has or would, in the Lender’s reasonable view, result in a Material Adverse Effect and such condition is not revoked to the satisfaction of the Lender.