Common use of Consent Matters Clause in Contracts

Consent Matters. (i) If (a) Agent requests a Lender’s written consent to any proposed waiver (including any waiver of any Event of Default), amendment, supplement or modification of this Agreement or any of the other Loan Documents pursuant to Sections 14.1.1 or 14.1.2 or for any other matter relating to the Obligations or any of the Loan Documents and (b) the Lender does not notify Agent of the Lender’s refusal to grant the consent requested by Agent within 10 Business Days after receipt of Agent’s request for the Lender’s consent, then the Lender’s consent will be treated as having been granted unless such amendment, supplement or modification would require the consent of all of the Lenders, and Agent and the other Lenders will thereafter be permitted to take the actions described in the request for consent as though the Lender had affirmatively consented to the requested actions.

Appears in 2 contracts

Samples: Financing Agreement (CitiSteel PA, Inc.), Financing Agreement (CitiSteel PA, Inc.)

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Consent Matters. (i) If (a) Agent requests a Lender’s 's written consent to any proposed waiver (including any waiver of any Event of Default), amendment, supplement or modification of this Agreement or any of the other Loan Documents pursuant to Sections 14.1.1 or 14.1.2 Section 15.1.1 or for any other matter relating to the Obligations or any of the Loan Documents and (b) the Lender does not notify Agent of the Lender’s 's refusal to grant the consent requested by Agent within 10 Business Days days after receipt of Agent’s 's request for the Lender’s 's consent, then the Lender’s 's consent will be treated as having been granted unless such amendment, supplement or modification would require the consent of all of the Lendersgranted, and Agent and the other Lenders will thereafter be permitted to take the actions described in the request for consent as though the Lender had affirmatively consented to the requested actions.

Appears in 1 contract

Samples: Financing Agreement (Sabreliner Corp)

Consent Matters. (i) If (a) Agent requests a Lender’s written consent to any proposed waiver (including any waiver of any Event of Default), amendment, supplement or modification of this Agreement or any of the other Loan Documents pursuant to Sections 14.1.1 or 14.1.2 or for any other matter relating to the Obligations or any of the Loan Documents and (b) the Lender does not notify Agent of the such Lender’s refusal to grant the consent requested by Agent within 10 Business Days after receipt of Agent’s request for the such Lender’s consent, then the such Lender’s consent will be treated as having been granted unless such amendment, supplement or modification would require the consent of all of the Lenders, and Agent and the other Lenders will thereafter be permitted to take the actions described in the request for consent as though the such Lender had affirmatively consented to the requested actions.

Appears in 1 contract

Samples: Financing Agreement (Westaff Inc)

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Consent Matters. (i) If (a) Agent requests a Lender’s 's written consent to any proposed waiver (including any waiver of any Event of Default), amendment, supplement or modification of this Agreement or any of the other Loan Documents pursuant to Sections 14.1.1 or 14.1.2 or for any other matter relating to the Obligations or any of the Loan Documents and (b) the Lender does not notify Agent of the Lender’s 's refusal to grant the consent requested by Agent within 10 15 Business Days after receipt of Agent’s 's request for the Lender’s 's consent, then the Lender’s 's consent will be treated as having been granted unless such amendment, supplement or modification would require the consent of all of the Lenders, and Agent and the other Lenders will thereafter be permitted to take the actions described in the request for consent as though the Lender had affirmatively consented to the requested actions.

Appears in 1 contract

Samples: Financing Agreement (Suntron Corp)

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