Consent of the Lender. Provided the New Borrower has satisfied all conditions precedent to this Agreement, Xxxxxx hereby consents to the merger of the Existing Borrower with and into the New Borrower, it being expressly acknowledged and agreed by the New Borrower that the provisions of the Loan Documents shall continue to govern any further contemplated consents required from the Lender.
Consent of the Lender. In the event that (i) the aggregate amount of Revolving Loans then outstanding shall exceed $1,500,000, or (ii) the aggregate purchase price of all Acquisitions made during the immediately preceding twelve (12) calendar months shall exceed $5,000,000 after giving effect to such Acquisition Advance, the consent of the Lender shall be required in connection with an Acquisition Advance. Such consent shall be within the sole discretion of the Lender.
Consent of the Lender. With effect as of the Amendment Effective Date:
(a) the Lender consents to the Reorganization;
(b) the parties hereby agree to amend Section 1.01 of the Loan Agreement by deleting the definition of “Change of Control”, “US Borrower” and “Wholly Owned Subsidiary” and replacing them with the following:
Consent of the Lender. Grant any consent or approval under the JV Shareholder Loan Agreements which require the consent or approval of the Borrower without the written consent or approval of the Lender.
Consent of the Lender. Where the consent of the Lender is required under any of the provisions of this Charge, the Lender may grant such consent upon and subject to such terms and conditions as the Lender shall think fit.
Consent of the Lender. 2.1 Subject to the fulfilment of all the terms and conditions set out in Clause 2.2 the Lender will issue the Second Letter of Consent and agree to the amendments to the Original Loan Agreement hereinafter set out.
(A) the Lender has received the following documents each in form and substance satisfactory to the Lender:-
(i) this Third Supplemental Agreement duly executed by the Borrower;
(ii) the Cross Collateral Guarantee Supplements duly executed by the Borrower; and
(iii) the Supplement to the Cruise Mar Guarantee duly executed by Cruise Mar.
(B) the Lender has received a certificate from the Secretary of each of the Borrower, Zenith, Blue Sapphire, Cruise Mar, CMI and CCI attaching resolutions passed at the Meeting of the Board of Directors of the relevant company approving or ratifying the execution, delivery, implementation and performance of such of this Third Supplemental Agreement and each of the documents executed or to be executed pursuant thereto to which such company is or is to be a party, such certificate to certify that such resolutions remain in full force and effect on the date of such certificate and such certificate to certify the names of the current officers and directors of the relevant company; and
(C) no Event of Default has occurred and is continuing.
Consent of the Lender. 2.1 Subject to the fulfilment of all the terms and conditions set out in Clause 2.2 the Lender will issue the Second Letter of Consent and agree to the amendments to the Original Loan Agreement hereinafter set out.
2.2 The Lender shall issue the Second Letter of Consent upon the fulfilment of all of the following conditions to the Lender's satisfaction:-
(A) the Lender has received the following documents each in form and substance satisfactory to the Lender:-
(i) this Third Supplemental Agreement duly executed by the Borrower;
(ii) the Cross Collateral Guarantee Supplements duly executed by the Borrower; and
(iii) the Supplement to the Cruise Mar Guarantee duly executed by Cruise Mar.
(B) the Lender has received a certificate from the Secretary of each of the Borrower, Zenith, Eskex, Xxuise Mar, CMI and CCI attaching resolutions passed at the Meeting of the Board of Directors of the relevant company approving or ratifying the execution, delivery, implementation and performance of such of this Third Supplemental Agreement and each of the documents executed or to be executed pursuant thereto to which such company is or is to be a party, such certificate to certify that such resolutions remain in full force and effect on the date of such certificate and such certificate to certify the names of the current officers and directors of the relevant company; and
(C) no Event of Default has occurred and is continuing.
Consent of the Lender. The Lender agrees with the Borrower:
Consent of the Lender. The Lender expressly consents to the reaffirmation and assumption by the Assumption Borrower of the Loan Documents pursuant to the terms of this Agreement, and upon the execution of this Agreement by the Assumption Borrower.
Consent of the Lender. The Lender, relying upon the representations and warranties on the part of the Relevant Parties contained in Clause 4, agrees with the Borrower that, subject to the terms and conditions of this Agreement and in particular, but without prejudice to the generality of the foregoing, fulfilment on or before 31 May 2011 of the conditions contained in Clause 5 and Schedule 1, the Lender agrees to the amendments of the Original Loan Agreement on the terms set out in Schedule 3.
