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MRVL » Topics » 18.12 Discretion

This excerpt taken from the MRVL 8-K filed Nov 14, 2006.

18.12                 Discretion

Where under this Deed provision is made for the giving of any consent or the exercise of any discretion by the Administrative Agent any such consent may be given and any such discretion may be exercised on such terms and conditions (if any) as the Administrative Agent may think fit and the Chargor shall observe and perform any such terms and conditions and the Administrative Agent may at any time waive or agree to a variation in such terms and conditions.  Any such consent may be given retrospectively.

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