Common use of Consent Procedure Clause in Contracts

Consent Procedure. In the event VE wishes to seek the consent of VI as contemplated in Section 5.2 and Section 6.14, such requests shall be submitted to VI via email to Williax Xxxxxx xx xxe address included in Schedule 5.4 and to the designated individuals for each relevant business area in accordance with the instructions and at the e-mail addresses as set forth in Schedule 5.4 (which schedule may be updated from time to time by notice to VE as provided in Section 9.2). VE shall use all reasonable efforts to submit all requests for consent at least ten (10) Business Days prior to the proposed action, or if it is unable to do so, then as soon as reasonably practicable. If VE submits a request to VI pursuant to this Section 5.4, VI shall respond in writing or via email to VE within five (5) Business Days of such request being transmitted, and such response may be a request for one additional five (5)-Business Day period starting from the date of such response. VE shall use all reasonable efforts to provide any information reasonably requested by VI in connection with its consideration of the action or matter. If VI fails to respond in writing or via email to VE within the applicable time period set forth in the preceding sentence, the consent of VI shall be deemed to have been given in respect of the relevant action or matter; provided, however, that such time periods shall be tolled until such time as VE has provided information reasonably requested by VI.

Appears in 1 contract

Samples: Transaction Agreement (Visa Inc.)

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Consent Procedure. In the event VE wishes to seek the consent of VI as contemplated in Section 5.2 and Section 6.14, such requests shall be submitted to VI via email to Williax Xxxxxxx Xxxxxx xx xxe at the address included in Schedule 5.4 and to the designated individuals for each relevant business area in accordance with the instructions and at the e-mail addresses as set - 42 - forth in Schedule 5.4 (which schedule may be updated from time to time by notice to VE as provided in Section 9.2). VE shall use all reasonable efforts to submit all requests for consent at least ten (10) Business Days prior to the proposed action, or if it is unable to do so, then as soon as reasonably practicable. If VE submits a request to VI pursuant to this Section 5.4, VI shall respond in writing or via email to VE within five (5) Business Days of such request being transmitted, and such response may be a request for one additional five (5)-Business Day period starting from the date of such response. VE shall use all reasonable efforts to provide any information reasonably requested by VI in connection with its consideration of the action or matter. If VI fails to respond in writing or via email to VE within the applicable time period set forth in the preceding sentence, the consent of VI shall be deemed to have been given in respect of the relevant action or matter; provided, however, that such time periods shall be tolled until such time as VE has provided information reasonably requested by VI.

Appears in 1 contract

Samples: Transaction Agreement

Consent Procedure. In the event VE wishes to seek the consent of VI as contemplated in Section 5.2 and Section 6.14, such requests shall be submitted to VI via email to Williax Xxxxxxx Xxxxxx xx xxe at the address included in Schedule 5.4 and to the designated individuals for each relevant business area in accordance with the instructions and at the e-mail addresses as set forth in Schedule 5.4 (which schedule may be updated from time to time by notice to VE as provided in Section 9.2). VE shall use all reasonable efforts to submit all requests for consent at least ten (10) Business Days prior to the proposed action, or if it is unable to do so, then as soon as reasonably practicable. If VE submits a request to VI pursuant to this Section 5.4, VI shall respond in writing or via email to VE within five (5) Business Days of such request being transmitted, and such response may be a request for one additional five (5)-Business Day period starting from the date of such response. VE shall use all reasonable efforts to provide any information reasonably requested by VI in connection with its consideration of the action or matter. If VI fails to respond in writing or via email to VE within the applicable time period set forth in the preceding sentence, the consent of VI shall be deemed to have been given in respect of the relevant action or matter; provided, however, that such time periods shall be tolled until such time as VE has provided information reasonably requested by VI.

Appears in 1 contract

Samples: Transaction Agreement (Visa Inc.)

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Consent Procedure. In the event VE wishes to seek the consent of VI as contemplated in Section 5.2 and Section 6.14, such requests shall be submitted to VI via email to Williax Xxxxxxx Xxxxxx xx xxe at the address included in Schedule 5.4 and to the designated individuals for each relevant business area in accordance with the instructions and at the e-mail addresses as set forth in Schedule 5.4 (which schedule may be updated from time to time by notice to VE as provided in Section 9.2). VE shall use all reasonable efforts to submit all requests for consent at least ten (10) Business Days prior to the proposed action, or if it is unable to do so, then as soon as reasonably practicable. If VE submits a request to VI pursuant to this Section 5.4, VI shall respond in writing or via email to VE within five (5) Business Days of such request being transmitted, and such response may be a request for one additional five (5)-Business Day period starting from the date of such response. VE shall use all reasonable efforts to provide any information reasonably requested by VI in connection with its consideration of the action or matter. If VI fails to respond in writing or via email to VE within the applicable time period set forth in the preceding sentence, the consent of VI shall be deemed to have been given in respect of the relevant action or matter; provided, however, that such time periods shall be tolled until such time as VE has provided information reasonably requested by VI.. ARTICLE VI

Appears in 1 contract

Samples: Transaction Agreement

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