Common use of ASSENT Clause in Contracts

ASSENT. The Subordinated Party hereby irrevocably assents to (a) any renewal, extension or postponement of the time of payment of any Senior Claims or any other indulgence with respect thereto, (b) any increase in the amount of any Senior Claims, (c) any substitution, exchange or release of collateral for any Senior Claims, (d) the addition or release of any Person primarily or secondarily liable for any Senior Claims and (e) the provisions of any instrument, security or other writing evidencing any Senior Claims.

Appears in 6 contracts

Samples: Owner Lessor Subordination Agreement (Eme Homer City Generation Lp), Subordination Agreement (Edison Mission Energy), Owner Lessor Subordination Agreement (Eme Homer City Generation Lp)

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ASSENT. The Each Subordinated Party hereby irrevocably assents to (a) any renewal, extension or postponement of the time of payment of any Senior Claims or any other indulgence with respect thereto, (b) any increase in the amount of any Senior Claims, (c) any substitution, exchange or release of collateral for any Senior Claims, (d) the addition or release of any Person primarily or secondarily liable for any Senior Claims and (e) the provisions of any instrument, security or other writing evidencing any Senior Claims.

Appears in 3 contracts

Samples: Intercompany Loan Subordination Agreement (Eme Homer City Generation Lp), Intercompany Loan Subordination Agreement (Edison Mission Finance Co), Intercompany Loan Subordination Agreement (Eme Homer City Generation Lp)

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