Common use of Consent-Pending Contracts Clause in Contracts

Consent-Pending Contracts. An Assumed Contract is a "Consent-Pending Contract" at any time after the Closing when any consent relating to such Assumed Contract has not been obtained or is not in effect. As an accommodation in order to permit the purchase and sale of the Assets to be consummated in a timely manner, and based upon the Parties' mutual belief that no other Party to a Consent-Pending Contract will object to or be materially harmed by the Buyers' enjoyment or use of the Sellers' rights or performance of the Sellers' obligations under any Consent-Pending Contract and that each such third Party will grant any required consent, the Closing Transactions will be consummated notwithstanding the fact that any required consent which is not a Mandatory Consent has not been obtained under one or more Consent-Pending Contracts. In that event, the Buyers and the Sellers agree as follows with respect to each Consent-Pending Contract:

Consent-Pending Contracts. An Assumed Contract is a "Consent-Pending Contract" at any time after the Closing when any consent relating to such Assumed Contract has not been obtained or is not in effect. As an accommodation in order to permit the purchase and sale of the Assets to be consummated in a timely manner, and based upon the Parties' mutual belief that no other Party party to a Consent-Pending Contract will object to or be materially harmed by the Buyers' Buyer's enjoyment or use of the Sellers' rights or performance of the Sellers' obligations under any Consent-Pending Contract and that each such third Party party will grant any required consent, the Closing Transactions will be consummated notwithstanding the fact that any required consent which is not a (other than the Mandatory Consent Consents) has not been obtained under one or more Consent-Pending Contracts. In that event, the Buyers Buyer and the Sellers agree as follows with respect to each Consent-Pending Contract:

Consent-Pending Contracts. An Assumed Contract is a "Consent-Pending Contract" at any time after the Closing when any required consent relating to such Assumed Contract has not been obtained or is not in effect. As an accommodation in order to permit the purchase and sale of the Assets to be consummated in a timely manner, and based upon the Partiesparties' mutual belief that no other Party party to a Consent-Pending Contract will object to or be materially harmed by the Buyers' Buyer's enjoyment or use of the Sellers' rights or performance of the Sellers' obligations under any Consent-Pending Contract and that each such third Party party will grant any required consent, the Closing Transactions will be consummated notwithstanding the fact that any required consent which is not a (other than the Mandatory Consent Consents as defined in Section 11.5) has not been obtained under one or more Consent-Pending Contracts. In that event, the Buyers Buyer and the Sellers BPH agree as follows with respect to each Consent-Pending Contract: