Common use of Agreement of the Target Clause in Contracts

Agreement of the Target. prior to or concurrently with delivery of any notice to the Agent pursuant to Section 3.4 requesting one or more Accommodations the proceeds of which are to be utilized to finance such Takeover, the Borrower shall provide to the Agent evidence satisfactory to the Agent (acting reasonably) that the board of directors or like body of the Target has approved or recommended to security holders acceptance of the Takeover; or

Agreement of the Target. prior to or concurrently with delivery of any notice to the Agent of any Drawdown Notice pursuant to Section 3.4 3.1 requesting one or more Accommodations Advances, the proceeds of which are to be utilized to finance such Takeover, the Borrower Borrowers shall provide to the Agent evidence satisfactory to the Agent (acting reasonably) that the board of directors or like body of the Target Target, or the holders all of the Shares or other securities of the Target, has approved or have approved, accepted or recommended to security holders securityholders acceptance of the Takeover; or