Common use of Deemed Non-Consent Clause in Contracts

Deemed Non-Consent. If the Agent delivers a written notice to a Lender requesting advice from such Lender as to whether it consents or objects to any matter in connection with the Loan Documents, then, except as otherwise expressly provided herein, if such Lender does not deliver to the Agent its written consent or objection to such matter within fifteen (15) Business Days of the delivery of such written notice by the Agent to such Lender, such Lender shall be deemed not to have consented thereto upon the expiry of such fifteen (15) Business Day period.

Appears in 8 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

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Deemed Non-Consent. If the Agent delivers a written notice to a Lender requesting advice from such Lender as to whether it consents or objects to any matter in connection with the Loan Documents, then, except as otherwise expressly provided herein, if such Lender does not deliver to the Agent its written consent or objection to such matter within fifteen (15) Business the time period referenced in such notice, or if no such period is referenced therein, within 10 Banking Days of the delivery of such written notice by the Agent to such Lender, such Lender shall will be deemed not to have consented thereto upon the expiry of such fifteen (15) Business Day period.

Appears in 7 contracts

Samples: Term Credit Agreement (ENERPLUS Corp), Credit Agreement (ENERPLUS Corp), Credit Agreement (Penn West Petroleum Ltd.)

Deemed Non-Consent. If the Agent delivers a written notice to a Lender requesting advice from such Lender as to whether it consents or objects to any matter in connection with the Loan Documents, then, except as otherwise expressly provided herein, if such Lender does not deliver to the Agent its written consent or objection to such matter within fifteen (15) Business 7 Banking Days of the delivery of such written notice by the Agent to such Lender, such Lender shall will be deemed not to have consented thereto upon the expiry of such fifteen (15) Business 7 Banking Day period.

Appears in 5 contracts

Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Obsidian Energy Ltd.), Credit Agreement (Protective Products of America, Inc.)

Deemed Non-Consent. If Unless otherwise specifically dealt with in this Agreement, in the event the Agent delivers a written notice to a Lender requesting advice from such Lender as to whether it consents or objects to any matter in connection with the Loan Documents, then, except as otherwise expressly provided herein, if such Lender does not deliver to the Agent its written consent or objection to such matter within fifteen twenty (1520) Business Days of the delivery of such written notice by the Agent to such Lender, such Lender shall be deemed not to have consented refused its consent thereto upon the expiry of such fifteen twenty (1520) Business Day period.

Appears in 3 contracts

Samples: Credit Agreement (Ovintiv Inc.), Credit Agreement (Ovintiv Inc.), Credit Agreement (Encana Corp)

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Deemed Non-Consent. If the Agent delivers a written notice to a Lender requesting advice from such Lender as to whether it consents or objects to any matter in connection with the Loan Documents, then, except as otherwise expressly provided herein, if such Lender does not deliver to the Agent its written consent or objection to such matter within fifteen (15) Business 10 Banking Days of the delivery of such written notice by the Agent to such Lender, such Lender shall will be deemed not to have consented thereto upon the expiry of such fifteen (15) Business 10 Banking Day period.

Appears in 2 contracts

Samples: Agreement, Credit Agreement

Deemed Non-Consent. If the Agent delivers a written notice to a Lender requesting advice from such Lender as to whether it consents or objects to any matter in connection with the Loan Documents, then, except as otherwise expressly provided herein, if such Lender does not deliver to the Agent its written consent or objection to such matter within fifteen (15) Business the time period referenced in such notice, or if no such period is referenced therein, 10 Banking Days of the delivery of such written notice by the Agent to such Lender, such Lender shall will be deemed not to have consented thereto upon the expiry of such fifteen (15) Business Day period.

Appears in 1 contract

Samples: Assignment Agreement (Harvest Operations Corp.)

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