Consent to Assumption. Each Investor consents to Newco’s assumption of the outstanding principal and interest due under the Notes in the amounts as set forth on the signature page hereto.
Consent to Assumption. As of the Effective Date, Lender hereby consents to the assumption by Additional Borrowers of the Loan and of all obligations under the Loan Documents, and the addition of Additional Borrowers to the parties (along with Existing Borrowers) that collectively constitute the “Borrower” under the Loan Agreement and the other Loan Documents. This consent is made solely for the benefit of the parties hereto and shall not be deemed, nor shall the same constitute, a waiver by Lender of any of its rights under any of the Loan Documents. This consent by Lender shall not constitute a consent to any subsequent assignment or transfer and shall not relieve Additional Borrowers, Existing Borrowers or any Person claiming under or through Additional Borrowers or Existing Borrowers of the obligation to obtain Lender’s consent, in accordance with the Loan Agreement, to any future assignment or transfer.
Consent to Assumption. The Secretary hereby consents to the acquisition of the Vessel by the Assuming Shipowner subject to the following conditions:
Consent to Assumption. Orbital acknowledges that it is aware (a) of ORBIMAGE's current financial condition and results of operations and (b) that ORBIMAGE is considering various alternatives to restructure its operations, which alternatives include without limitation the filing of a petition under Chapter 11 of Title 11 of the United States Code (together with the Federal Rules of Bankruptcy Procedure and all other rules and judicial decisions and orders thereunder, the "Bankruptcy Law"). In the event ORBIMAGE files such a petition, Orbital hereby expressly consents to the assumption of this Agreement by ORBIMAGE (subject to applicable bankruptcy court approval under Bankruptcy Code Sections 364 and 365, as applicable) in any proceeding under Bankruptcy Law, notwithstanding the existence of any provisions under Bankruptcy Law that would provide Orbital with a defense to such assumption.
Consent to Assumption. Subject to the conditions contained herein, Noteholder hereby consents to the transfer of the Property (defined below) to Assumptor.
Consent to Assumption. Notwithstanding anything to the contrary contained herein, upon the satisfaction of the following conditions, Holdings may effect the Assumption:
Consent to Assumption. Licensor hereby consents to the assumption by Licensee, as debtor and debtor-in-possession, of this Agreement under Section 365(a) of the Bankruptcy Code (11 U.S.C. §§ 101 et seq.) in a bankruptcy case of Licensee, and hereby waives any right to object to such assumption under Section 365(c)(1) of the Bankruptcy Code.”
Consent to Assumption. Issuer, Trustee and Borrower hereby consent to the assumption by the Substitute Borrower of all of the obligations of the Borrower under the LURA.
Consent to Assumption. To the extent that the assignment of any Assumed Contract shall require the consent of the other party thereto, this Agreement shall not constitute an agreement to assign the same if an attempted assignment would constitute a breach thereof. The Seller Parties will use commercially reasonable efforts to obtain the consent of the other parties to such contracts for the assignment thereof to the Purchaser. If such consent is not obtained in respect of any such Assumed Contract or if an attempted assignment thereof would be ineffective or would adversely affect the rights of the Seller Parties thereunder so that the Purchaser would not in fact receive all of such rights, the Seller Parties will cooperate with the Purchaser in any commercially reasonable arrangement requested by the Purchaser, including subcontracting or subleasing, to provide to the Purchaser the benefits under any such Assumed Contract, including enforcement at the cost of and for the benefit of the Purchaser, of any and all rights of either or both of the Seller Parties against the other party thereto with respect to such Assumed Contract. Notwithstanding any provision contained herein to the contrary, the Seller Parties and the Purchaser hereby agree that obtaining the consent of the other parties to the Assumed Contracts set forth in Section 13.3 is a condition to the Purchaser's obligation to proceed to closing the transactions described herein.
