Consent of Requisite Lenders Sample Clauses

Consent of Requisite Lenders. The written consent of the Requisite Lenders to this Amendment;
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Consent of Requisite Lenders. Each Lender that executes and delivers a Consenting Lender Agreement in substantially the form attached hereto as Annex I (a “Consenting Lender”) hereby irrevocably agrees to the terms of this Waiver with respect to all of such Consenting Lender’s Loans and Commitments and authorizes the Administrative Agent to enter into this Waiver on behalf of such Consenting Lender. Such agreement and authorization shall be irrevocably binding on any subsequent transferees, participants, successors and assigns with respect to such Loans and Commitments.
Consent of Requisite Lenders. The Administrative Agent shall have received executed copies of this Waiver from Lenders constituting Requisite Lenders;
Consent of Requisite Lenders. If at the time of such Acquisition the Total Leverage Ratio is equal to or greater than 5.00:1:00, such Acquisition shall have been approved by the Requisite Lenders.
Consent of Requisite Lenders. Notwithstanding anything in this Agreement to the contrary, Agent shall not take any of the following actions without (i) providing each Lender with an Action Notice setting forth the Agent's desire to take such action, and (ii) receiving the written consent of the Requisite Lenders to the proposed action described in the Action Notice within fifteen Business Days after receipt by the Lenders of such Action Notice (provided, however, that if a Lender neither consents nor objects in writing to the action described in an Action Notice on or before the last day of said fifteen day period, such Lender shall be deemed to have consented to such action for the purpose of determining whether the condition set forth in this clause (ii) has been satisfied): (a) Waive any Events of Default other than the Events of Default described in clauses (a), (b) and (c) of Section 12.11 above; (b) Declare all of the Obligations to be immediately due and payable pursuant to the terms of Section 11.2(b) (Acceleration by Agent); (c) Pursue any other particular remedy granted to Agent and/or the Lenders upon the occurrence of an Event of Default as set forth in this Agreement or the other Loan Documents; (d) Deem a Proposed Project to be an Approved Suburban Project (provided, however, that nothing in this Section is intended to shorten or otherwise modify the Project approval period set forth in Article V above); or (e) Amend the terms of any Section of this Agreement or the other Loan Documents except those Sections that are listed in Section 12.11 above. Notwithstanding the foregoing, the Requisite Lenders may, at any time, require any action set forth in this Section 12.13 to be taken by written notice of such action from the Requisite Lenders to the other Lenders, Agent and the Borrowers.
Consent of Requisite Lenders. Subject to the specific voting provisions set forth in CLAUSE (B) below, no amendment or waiver of any provision of (x) this Agreement or any other Loan Document (other than the Tranche A Loan Documents or the Tranche B Loan Documents) nor consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be signed by the Administrative Agent and by the Requisite Lenders, (y) the Tranche A Loan Documents or the Tranche B Loan Documents nor consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be signed by the Administrative Agent and by the Requisite Tranche A Lenders or the Requisite Tranche B Lenders, respectively, and then any such waiver or consent pursuant to CLAUSE (X) or (Y) above, shall be effective only in the specific instance and for the specific purpose for which given or (z) SECTIONS 2.9 (with respect to payments to Tranche A Lenders), 2.10(A) and 2.11(I) shall in any event be effective unless the same shall be signed by the Requisite Tranche A Lenders or SECTIONS 2.9 (with respect to payments to Tranche B Lenders), 2.10(B) and 2.11

Related to Consent of Requisite Lenders

  • Requisite Lenders’ Consent Subject to Section 10.5(b) and 10.5(c), no amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any event be effective without the written concurrence of the Requisite Lenders.

  • Rights of Required Lenders All rights of the Administrative Agent hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders.

  • Instructions of Required Lenders The rights and remedies conferred upon Agent under the Loan Documents may be exercised without the necessity of joining any other party, unless required by Applicable Law. In determining compliance with a condition for any action hereunder, including satisfaction of any condition in Section 6, Agent may presume that the condition is satisfactory to a Secured Party unless Agent has received notice to the contrary from such Secured Party before Agent takes the action. Agent may request instructions from Required Lenders or other Secured Parties with respect to any act (including the failure to act) in connection with any Loan Documents or Collateral, and may seek assurances to its satisfaction from Secured Parties of their indemnification obligations against Claims that could be incurred by Agent. Agent may refrain from any act until it has received such instructions or assurances, and shall not incur liability to any Person by reason of so refraining. Instructions of Required Lenders shall be binding upon all Secured Parties, and no Secured Party shall have any right of action whatsoever against Agent as a result of Agent acting or refraining from acting pursuant to instructions of Required Lenders. Notwithstanding the foregoing, instructions by and consent of specific parties shall be required to the extent provided in Section 14.1.1. In no event shall Agent be required to take any action that it determines in its discretion is contrary to Applicable Law or any Loan Documents or could subject any Agent Indemnitee to liability.

  • Required Lenders As of any date, the Lender or Lenders whose aggregate Commitment Percentage is equal to or greater than sixty-six and 7/10 percent (66.7%) of the Total Commitment; provided that in determining said percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded and the Commitment Percentages of the Lenders shall be redetermined for voting purposes only to exclude the Commitment Percentages of such Defaulting Lenders.

  • Majority Lenders Where this Agreement or any other Security Document provides for any matter to be determined by reference to the opinion of the Majority Lenders or to be subject to the consent or request of the Majority Lenders or for any decision or action to be taken on the instructions in writing of the Majority Lenders, such opinion, consent, request or instructions shall (as between the Lenders) only be regarded as having been validly given or issued by the Majority Lenders if all the Lenders with a Commitment and/or Contribution shall have received prior notice of the matter on which such opinion, consent, request or instructions are required to be obtained and the relevant majority of such Lenders shall have given or issued such opinion, consent, request or instructions but so that (as between the Borrowers and the Banks) the Borrowers shall be entitled (and bound) to assume that such notice shall have been duly received by each relevant Lender and that the relevant majority shall have been obtained to constitute Majority Lenders whether or not this is in fact the case.

  • Majority Banks Where this Agreement or any other Security Document provides for any matter to be determined by reference to the opinion of the Majority Banks or to be subject to the consent or request of the Majority Banks or for any action to be taken on the instructions in writing of the Majority Banks, such opinion, consent, request or instructions shall (as between the Banks) only be regarded as having been validly given or issued by the Majority Banks if all the Banks shall have received prior notice of the matter on which such opinion, consent, request or instructions are required to be obtained and the relevant majority of such Banks shall have given or issued such opinion, consent, request or instructions but so that (as between the Borrowers and the Banks) the Borrowers shall be entitled (and bound) to assume that such notice shall have been duly received by each relevant Bank and that the relevant majority shall have been obtained to constitute Majority Banks whether or not this is in fact the case.

  • Lender Consent For purposes of determining compliance with the conditions specified in Section 3.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Agreement Effective Date specifying its objection thereto.

  • Replacement of Non-Consenting Lender If, in connection with any proposed change, waiver, discharge or termination to any of the provisions of this Agreement as contemplated by this Section 9.02, the consent of the Required Lenders shall have been obtained but the consent of one or more Lenders (each a “Non-Consenting Lender”) whose consent is required for such proposed change, waiver, discharge or termination is not obtained, then (so long as no Event of Default has occurred and is continuing) the Borrower shall have the right, at its sole cost and expense, to replace each such Non-Consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.18(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge or termination.

  • Amendment of the Existing Credit Agreement In consideration of the mutual covenants in this Amendment, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree that, subject to the satisfaction of the conditions precedent set forth in clause 3.1, the Existing Credit Agreement shall, with effect on and from the Amendment Effective Date, be (and it is hereby) amended in accordance with the amendments set out in Schedule 3 and (as so amended) will continue to be binding upon each of the Borrower and the Finance Parties in accordance with its terms as so amended.

  • Majority Lenders’ instructions (a) Unless a contrary indication appears in a Finance Document, the Agent shall (i) exercise any right, power, authority or discretion vested in it as Agent in accordance with any instructions given to it by the Majority Lenders (or, if so instructed by the Majority Lenders, refrain from exercising any right, power, authority or discretion vested in it as Agent) and (ii) not be liable for any act (or omission) if it acts (or refrains from taking any action) in accordance with an instruction of the Majority Lenders. (b) Unless a contrary indication appears in a Finance Document, any instructions given by the Majority Lenders will be binding on all the Finance Parties. (c) The Agent may refrain from acting in accordance with the instructions of the Majority Lenders (or, if appropriate, the Lenders) until it has received such security as it may require for any cost, loss or liability (together with any associated VAT) which it may incur in complying with the instructions. (d) In the absence of instructions from the Majority Lenders, (or, if appropriate, the Lenders) the Agent may act (or refrain from taking action) as it considers to be in the best interest of the Lenders. (e) The Agent is not authorised to act on behalf of a Lender (without first obtaining that Lender’s consent) in any legal or arbitration proceedings relating to any Finance Document.

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