Common use of Lender Approvals Clause in Contracts

Lender Approvals. For purposes of determining compliance with the conditions precedent referred to in Sections 3.01, 3.02 and 3.03, on the date of the first Loans hereunder, each of the Lenders shall be deemed to have consented to, approved or accepted or be satisfied with each document or other matter which is the subject of such Lender's consideration under any of the provisions of such Sections, unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the first Loans hereunder specifying its objection thereto and such Lender shall have failed to make available to the Administrative Agent such Lender's ratable share of the first Loans.

Appears in 1 contract

Samples: Credit Agreement (Pegasus Communications Corp)

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Lender Approvals. For purposes of determining compliance with the conditions precedent referred to in Sections 3.01, 3.01 and 3.02 and 3.03in respect of the first Loans hereunder, on the date of the first Loans hereunder, each of the Lenders shall be deemed to have consented to, approved or accepted or be satisfied with each document or other matter which is the subject of such Lender's consideration under any of the provisions of such Sections, unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the first Loans hereunder specifying its objection thereto and such Lender shall have failed to make available to the Administrative Agent such Lender's ratable share of the first Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Pegasus Communications Corp /)

Lender Approvals. For purposes of determining compliance with the conditions precedent referred to in Sections SECTIONS 3.01, 3.02 and 3.03, on the date of the first Loans hereunder, each of the Lenders shall be deemed to have consented to, approved or accepted or be satisfied with each document or other matter which is the subject of such Lender's consideration under any of the provisions of such Sections, unless an officer of the Administrative Documentation Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the first Loans hereunder specifying its objection thereto and such Lender shall have failed to make available to the Administrative Agent such Lender's ratable share of the first Loans.

Appears in 1 contract

Samples: Credit Agreement (Teletrac Inc /De)

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Lender Approvals. For purposes of determining compliance with the conditions precedent referred to in Sections 3.01, 3.01 and 3.02 and 3.03, in respect of the first Loans hereunder on the date of the first Loans hereunder, each of the Lenders shall be deemed to have consented to, approved or accepted or be satisfied with each document or other matter which is the subject of such Lender's consideration under any of the provisions of such Sections, unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the first Loans hereunder specifying its objection thereto and such Lender shall have failed to make available to the Administrative Agent such Lender's ratable share of the first Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Pegasus Satellite Communications Inc)

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