Common use of Debtholder Consents Clause in Contracts

Debtholder Consents. Seller shall use its commercially reasonable efforts to obtain from its Bondholders the termination or release, at Closing, of all security agreements, mortgages and financing statements relating to the Purchased Property (such termination or release being hereinafter referred to as the "Debtholder Consents").

Appears in 2 contracts

Samples: Asset Purchase Agreement (Citizens Utilities Co), Asset Purchase Agreement (Citizens Utilities Co)

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Debtholder Consents. Seller Sellers shall use its their commercially reasonable efforts to obtain from its Bondholders Lienholders the termination or releaserelease or defeasance, at Closing, of all security agreements, mortgages and financing statements relating to the Purchased Property Acquired Assets (such termination or release being hereinafter referred to as the "Debtholder Consents"). Buyer agrees to cooperate in good faith with Sellers in obtaining the required Debtholder Consents.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Centurytel Inc), Asset Purchase Agreement (Verizon South Inc)

Debtholder Consents. Seller shall use its commercially reasonable efforts to obtain from its Bondholders Lienholders the termination or releaserelease or defeasance, at Closing, of all security agreements, mortgages and financing statements relating to the Purchased Property Acquired Assets (such termination or release being hereinafter referred to as the "Debtholder Consents"). Buyer agrees to cooperate in good faith with Seller in obtaining the required Debtholder Consents.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Verizon South Inc), Asset Purchase Agreement (Centurytel Inc)

Debtholder Consents. Seller shall use its commercially reasonable efforts to obtain from its Bondholders the termination or release, release at Closing, of all security agreements, mortgages and financing statements relating to the Purchased Property (such termination or release being hereinafter referred to as the "Debtholder Consents").. Buyer agrees to reasonably cooperate in good faith with Seller in obtaining the required Debtholder Consents, provided, however, Buyer shall not be required to assume any debts or obligations relating thereto or encumber any of the Purchased Property or pay any amount..2

Appears in 1 contract

Samples: Asset Purchase Agreement (Centurytel Inc)

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Debtholder Consents. Seller shall use take all actions ___________________ necessary with respect to its commercially reasonable efforts Bondholders to obtain from its Bondholders the termination or release, at Closing, of all security agreements, mortgages and financing statements relating to the Purchased Property (such termination or release being hereinafter referred to as the "Debtholder Consents"). Buyer agrees to cooperate in good faith with Seller in obtaining the required Debtholder Consents.

Appears in 1 contract

Samples: Asset Purchase Agreement (Pacific Telecom Inc)

Debtholder Consents. Seller shall use its commercially reasonable efforts to obtain from its Bondholders the termination or release, at Closing, of all security agreements, mortgages and financing statements relating to the Purchased Property (such termination or release being hereinafter referred to as the "DebtholderConsents). Buyer agrees to cooperate in good faith with Seller in obtaining the required Debtholder Consents").

Appears in 1 contract

Samples: Asset Purchase Agreement (Centurytel Inc)

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