Approval of Sellers' Lenders Sample Clauses

Approval of Sellers' Lenders. Sellers shall have procured the consent to the transactions contemplated hereby of the Sellers' lenders, including the consent of the senior bank lenders pursuant to Sellers' revolving credit facility, the subordinated lenders of Sellers, any required consents pursuant to the securitization facility of Sellers, and any other consents to this Agreement and the transactions contemplated hereby as shall be deemed necessary by either Buyer or Sellers.
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Approval of Sellers' Lenders. Seller shall have obtained written approval and consent to the transactions necessary to close under this Agreement as required under the terms and conditions of any debt instruments, agreements or other obligations binding Seller, Seller's Affiliates or the Assets upon terms and conditions acceptable to Seller in its sole discretion. If Seller's Lenders fail to approve the Closing of the transaction contemplated under this Agreement, Seller shall pay to the Purchasers an amount equal to FIFTY THOUSAND ($50,000) DOLLARS as compensation for the time and expenses incurred by the Purchasers in conducting due diligence inspections and contract negotiations.

Related to Approval of Sellers' Lenders

  • Required Consents No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition:

  • APPROVALS OF THIRD PARTIES AND PERMITS AND CONSENTS Pentegra shall use its best efforts to secure all necessary approvals and consents of third parties to the consummation of the transactions contemplated hereby.

  • Required Consent Without limiting the generality of Section 4.1(a), except as permitted by the terms of this Agreement, and except as provided in Section 4.1(b) of the Company Disclosure Letter, without the prior written consent of Parent, during the period from the date hereof and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Effective Time, the Company shall not do any of the following, and shall not permit any of its Subsidiaries to do any of the following:

  • Closing Mechanics (i) One business day prior to the Closing, the Company will contact the contact person for each Purchaser listed on Schedule A hereto to confirm the closing mechanics set forth herein.

  • Seller’s Conditions Precedent to Closing The obligation of Seller to consummate the transactions contemplated by this Agreement shall be subject to fulfillment at or prior to the Closing of the following conditions, any one or more of which may be waived in writing by Seller:

  • OBLIGATIONS PRIOR TO CLOSING From the date of this Agreement through the Closing:

  • Seller’s Closing Obligations At Closing, Seller shall deliver to Buyer the following:

  • Seller’s Conditions Precedent The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the satisfaction or waiver, at or prior to the Closing Date, of each of the following conditions precedent:

  • Governmental Authorization; Third Party Consent No approval, consent, compliance, exemption, authorization, or other action by or notice to, or filing with, any governmental authority or any other person or entity in respect of any requirements of law or otherwise is necessary or required by the Company in connection with the execution, delivery or performance by the Company of this Agreement, except for such approval, consent, compliance, exemption, authorization, or other action which, if not obtained or made, would not reasonably be likely to prevent or materially delay the Company from performing its obligations under this Agreement in all material respects.

  • CONDITIONS PRECEDENT TO BUYER'S OBLIGATIONS The obligations of Buyer to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Buyer:

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