Consents and Back-to-Back Arrangement Sample Clauses

Consents and Back-to-Back Arrangement. To the extent that an attempted assignment or transfer of any Purchased Contract to be transferred to and assumed by Purchaser pursuant to Sections 1.01(a)(i)(B) and 1.01(b)(i)(A) hereof without the consent, authorization or approval of or from a Person (other than Seller or an Affiliate of Seller) that is a party thereto would constitute a breach or violation thereof, this Agreement shall not constitute a transfer or an assignment or attempted transfer or assignment of any rights or obligations thereunder. Any such Purchased Contracts which are Non-PPAP Contracts shall be governed by the Back-to-Back Arrangement as provided below, and the consent, authorization or approval of the customers under such Non-PPAP Contracts shall not be requested prior to Closing. As soon as reasonably practicable after the date hereof, Seller and Purchaser shall verbally notify any such Person that is a customer under a PPAP Contract (a "PPAP Customer") about the transactions contemplated hereby, and Seller shall use reasonable commercial efforts, with the cooperation of Purchaser, to obtain the written consent, authorization or approval of such PPAP Customer to such assignment or transfer. If such consent, authorization or approval is obtained prior to the Closing, the rights and obligations under such PPAP Contract shall be transferred and assigned by Seller to and assumed by Purchaser pursuant to Sections 1.01(a)(i)(B) and 1.01(b)(i)(A) hereof. Seller shall promptly furnish Purchaser copies of any consents, authorizations or approvals obtained pursuant to this Section 7.05. If any such consent, authorization or approval with respect to any such PPAP Contract shall not be obtained prior to Closing and in the case of all Non-PPAP Contracts requiring such consent, authorization or approval, Seller and Purchaser agree that (a) Purchaser shall perform all obligations of Seller arising under each such Purchased Contract that are required to be performed after the Closing as if such Purchased Contract had been assigned to Purchaser pursuant to Sections 1.01(a)(i)(B) and 1.01(b)(i)(A) hereof, and (b) Seller shall take such commercially reasonable actions as required to provide Purchaser with the benefits intended to be transferred or assigned under such Purchased Contract, including, without limitation, the enforcement for the benefit of Purchaser and at Purchaser's expense of any and all rights of Seller against a third party to such Purchased Contract arising out of the breach b...
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Related to Consents and Back-to-Back Arrangement

  • Approvals, Consents and Waivers Each Group Company shall have obtained any and all approvals, consents and waivers necessary for consummation of the transactions contemplated by this Agreement, including, but not limited to, (i) all permits, authorizations, approvals, consents or permits of any governmental authority or regulatory body, and (ii) the waiver by the existing shareholders of the Company of any anti-dilution rights, rights of first refusal, preemptive rights and all similar rights in connection with the issuance of the Purchased Shares at the Closing.

  • Amendments; Consents and Waivers No modification, amendment or waiver of, or with respect to, any provision of this Agreement, and all other agreements, instruments and documents delivered thereto, nor consent to any departure by the Seller from any of the terms or conditions thereof shall be effective unless it shall be in writing and signed by each of the parties hereto, the written consent of the Indenture Trustee on behalf of the Noteholders is given and confirmation from each Rating Agency that such action will not result in a downgrade, withdrawal or qualification of any rating assigned to a Class of Notes is received. The Seller shall provide the Indenture Trustee and each Rating Agency with such proposed modifications, amendments or waivers. Any waiver or consent shall be effective only in the specific instance and for the purpose for which given. No consent to or demand by the Seller in any case shall, in itself, entitle it to any other consent or further notice or demand in similar or other circumstances. The Seller acknowledges that in connection with the intended assignment by the Depositor of all of its right, title and interest in and to each Timeshare Loan to the Issuer, the Issuer intends to issue the Notes, the proceeds of which will be used by the Issuer to purchase the Timeshare Loans from the Depositor under the terms of the Sale Agreement.

  • Consents and Approval Except where expressly provided as being in the sole discretion of a Party, where agreement, approval, acceptance, consent, confirmation, notice or similar action by either Party is required under this Agreement, such action shall not be unreasonably delayed or withheld. An approval or consent given by a Party under this Agreement shall not relieve the other Party from responsibility for complying with the requirements of this Agreement, nor shall it be construed as a waiver of any rights under this Agreement, except as and to the extent otherwise expressly provided in such approval or consent.

  • Consents and Waivers No consent or waiver expressed or implied by either Party in respect of any breach or default by the other in the performance by such other of its obligations hereunder shall:

  • Consents Amendments and Waivers Any term of this Agreement may be amended, and the observance of any term hereof may be waived (either generally or in a particular instance), only with the written consent of the 63% in Interest Purchasers and the written consent of the Company. Any amendment or waiver effected in accordance with this Section 8.8 shall be binding upon each of the parties hereto.

  • Required Consent Without limiting the generality of Section 4.1(a), except as permitted by the terms of this Agreement, and except as provided in Section 4.1(b) of the Company Disclosure Letter, without the prior written consent of Parent, during the period from the date hereof and continuing until the earlier of the termination of this Agreement pursuant to its terms or the Effective Time, the Company shall not do any of the following, and shall not permit any of its Subsidiaries to do any of the following:

  • Required Consents and Approvals All required consents and approvals shall have been obtained and be in full force and effect with respect to the transactions contemplated hereby and from (a) all relevant Governmental Authorities; and (b) any other Person whose consent or approval the Administrative Agent deems necessary or appropriate to effect the transactions contemplated hereby.

  • Sale and Lease-Back Transactions Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred unless (a) the sale of such property is permitted by Section 6.05 and (b) any Capital Lease Obligations, Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01 and 6.02, as the case may be.

  • Required Consents No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition:

  • Consents, Approvals, Etc No consent, approval, authorization, filing with or order of any court or governmental agency or body is required in connection with the transactions contemplated herein or in the Trust Agreement, the Warrant Agreement, the Securities Subscription Agreement, the Private Placement Warrants Purchase Agreement, the Registration Rights Agreement, or the Insider Letter, except for the registration under the Act and the Exchange Act of the Securities, and such as may be required under the state securities or blue sky laws of any jurisdiction in connection with the purchase and distribution of the Securities by the Underwriters in the manner contemplated herein and in the Registration Statement, Statutory Prospectus and the Prospectus.

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