Common use of Deemed Consent of Borrowers Clause in Contracts

Deemed Consent of Borrowers. If the consent of Borrowers to an assignment to an Eligible Assignee is required hereunder (including a consent to an assignment which does not meet the minimum assignment threshold specified in Section 10.06(b)(i)(B)), Borrowers shall be deemed to have given its consent five Business Days after the date notice thereof has been delivered to Borrowers by the assigning Lender (through Agent) unless such consent is expressly refused by Borrowers prior to such fifth Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Summer Infant, Inc.), Credit Agreement (Chipotle Mexican Grill Inc)

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Deemed Consent of Borrowers. If the consent of Borrowers a Borrower to an assignment to an Eligible Assignee is required hereunder (including a consent to an assignment which does not meet the minimum assignment threshold threshhold specified in Section 10.06(b)(i)(B)), Borrowers such Borrower shall be deemed to have given its consent five Business Days after the date notice thereof has been delivered to Borrowers such Borrower by the assigning Lender (through Agent) unless such consent is expressly refused by Borrowers such Borrower prior to such fifth Business Day.

Appears in 2 contracts

Samples: Credit Agreement (Castle a M & Co), Credit Agreement (Castle a M & Co)

Deemed Consent of Borrowers. If the consent of Borrowers any Borrower to an assignment to an Eligible Assignee assignee is required hereunder (including a consent to an assignment which does not meet the minimum assignment threshold specified in Section 10.06(b)(i)(B)), Borrowers such Borrower shall be deemed to have given its consent five Business Days after the date notice thereof has been delivered to the Borrowers by the assigning Lender (through Agent) unless such consent is expressly refused by the Borrowers prior to such fifth Business Day.

Appears in 1 contract

Samples: Credit Agreement (Video Display Corp)

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Deemed Consent of Borrowers. If the consent of Borrowers to an assignment to an Eligible Assignee is required hereunder (including a consent to an assignment which does not meet the minimum assignment threshold specified in Section 10.06(b)(i)(B)), Borrowers shall be deemed to have given its consent five Business Days after the date notice thereof has been delivered to Borrowers by the assigning Lender (through Administrative Agent) unless such consent is expressly refused by Borrowers prior to such fifth Business Day.

Appears in 1 contract

Samples: Credit Agreement (Summer Infant, Inc.)

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