Borrower Consent Clause Samples
The Borrower Consent clause establishes that the borrower must provide explicit approval before certain actions or decisions related to the loan agreement can be taken. Typically, this clause applies to amendments, waivers, or assignments of the agreement, requiring the lender or other parties to obtain the borrower's written consent before proceeding. Its core practical function is to protect the borrower's interests by ensuring they have control over significant changes or transfers affecting their obligations under the agreement.
POPULAR SAMPLE Copied 1 times
Borrower Consent. Borrower has joined herein to evidence its consent to all the agreements of Manager contained in this Agreement.
Borrower Consent. (a) The consent of the Borrower is required for an assignment or transfer by an Existing Lender, unless the assignment or transfer is:
(i) to another Lender or an Affiliate or Related Fund of any Lender; or
(ii) made at a time when an Event of Default is continuing.
(b) The consent of the Borrower to an assignment or transfer must not be unreasonably withheld or delayed. The Borrower will be deemed to have given its consent five Business Days after the Existing Lender h▇▇ ▇▇▇uested it unless consent is expressly refused by the Borrower within that time.
Borrower Consent. (a) The consent of the Borrower is required for an assignment or transfer by an Existing Lender to a third party other than an Approved Assignee provided that no such consent shall be required if an Event of Default has occurred and is continuing.
(b) The Borrower will be deemed to have given its consent within ten (10) Business Days after the Existing ▇▇▇▇▇▇ has requested it unless consent is expressly refused by the Borrower within that time.
Borrower Consent. The Borrower expressly consents to the arrangements set forth in this Section and agrees that any holder of a participation in any rights hereunder or under any other Loan Document so purchased or acquired pursuant to this Section may exercise any and all rights to setoff and any other rights with respect to such participation as fully as if such holder were a direct creditor of the Borrower in the amount of such participation.
Borrower Consent. (a) The consent of the Borrower is required for a transfer by an Existing Lender, unless the transfer is:
(i) to another Lender or an Affiliate of a Lender;
(ii) made at a time when an Event of Default is continuing; or
(iii) to any refinancing entity, including without limitation any insurer, reinsurer, securitisation special purpose entity, trust or fund, for the purpose of that Existing Lender refinancing or hedging its loan exposure, provided no such transfer shall either (a) release the relevant Existing Lender from any of its obligations under the Finance Documents or (b) require any payments to be made by the Borrower other than or in excess of, or grant to any person any more extensive rights than, those required to be made or those granted to the relevant Existing Lender under the Finance Documents.
(b) The consent of the Borrower to a transfer must not be unreasonably withheld or delayed. The Borrower will be deemed to have given its consent five Business Days after the Existing ▇▇▇▇▇▇ has requested it unless consent is expressly refused by the Borrower within that time.
Borrower Consent. The consent of the Borrower (such consent not to be unreasonably withheld or delayed) is required for an assignment or transfer by the Lender, unless the assignment or transfer is:
(b) made at a time when an Event of Default is continuing.
Borrower Consent. A Borrower's complaint to the Attorney General's Office constitutes the Borrower’s authorization for ▇▇▇▇▇ Fargo to discuss his or her complaint with the Attorney General’s Office.
Borrower Consent. (a) The consent of the Borrower is required for an assignment or transfer by an Existing Lender, unless the assignment or transfer is:
(i) to another Lender or an Affiliate of any Lender;
(ii) to a fund which is a Related Fund of that Existing Lender; or
(iii) made at a time when an Event of Default is continuing.
(b) The consent of the Borrower to an assignment or transfer must not be unreasonably withheld or delayed. The Borrower will be deemed to have given its consent five Business Days after the Existing ▇▇▇▇▇▇ has requested it unless consent is expressly refused by the Borrower within that time.
(c) Paragraph (b) above does not apply to an assignment or transfer to a Competitor or Distressed Fund.
Borrower Consent. 36.3.1. The Borrower hereby consents to Standard Chartered Bank, South Africa, Credit Suisse AG (the Banks) and each of their respective officers and agents disclosing information relating to the Borrower and its account(s) and/or dealing relationship(s) with either of the Banks, including but not limited to details of its facilities, any security taken, transactions undertaken and balances and positions with the Banks, to:
36.3.1.1. any of their Affiliates (including branches) and representatives in any jurisdiction (together with the Banks, the Permitted Parties);
36.3.1.2. professional advisers, insurers or insurance brokers and service providers of the Permitted Parties who are under a duty of confidentiality to the Permitted Parties;
36.3.1.3. any actual or potential assignee, novatee, transferee, participant or sub-participant in relation to any of the Bank’s rights and/or obligations under any agreement (or any agent or adviser of any of the foregoing);
36.3.1.4. any rating agency or direct or indirect provider of credit protection to any Permitted Party; and
36.3.1.5. as required by any law or Authority with jurisdiction over any of the Permitted Parties.
Borrower Consent. Borrower hereby consents to the Transaction (and, if required by the Credit Agreement, appoints Successor Agent as “Agent” under the Credit Agreement and any other applicable Financing Documents) and acknowledges and agrees that Wingspire shall have no further rights, powers, privileges or duties as Agent under the Financing Documents, except such rights, privileges or duties that explicitly survive Wingspire’s resignation or the termination of the Financing Documents and (ii) waives any applicable notice requirements for the resignation of Wingspire as Agent and appointment of Successor Agent as successor Agent under the Credit Agreement and any other applicable Financing Documents.