Lender Consents Clause Samples
The Lender Consents clause defines the circumstances and procedures under which a lender's approval is required for certain actions or decisions within an agreement. Typically, this clause specifies which matters—such as amendments to the agreement, asset sales, or additional borrowing—cannot proceed without the lender's express written consent. By clearly outlining these requirements, the clause ensures that the lender maintains control over key decisions that could affect their security or risk, thereby protecting their interests and preventing unauthorized changes that might increase their exposure.
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Lender Consents. Without the written consent of each Lender affected thereby, no supplement, amendment, modification, waiver or consent shall: (i) change the currency, outstanding amount (other than the waiver of the Default Margin in the determination of the Interest Rate) or required payment date of any payment of principal, interest, fee or other Obligation due hereunder or under any other Transaction Document; provided, that this subsection shall not apply to the waiver of any Default or Event of Default, even if the foregoing would have such an effect; (ii) change the Commitment (if any) or Loan Amount of such Lender; (iii) release the Lien on any Collateral other than as expressly contemplated by the terms of this Agreement or any other Transaction Document; (iv) change the definition of “Interest Rate”, “Unused Fee”, “Majority Lenders”, “Eligible Receivable”, “Borrowing Base Deficiency”, “Final Maturity Date”, “Settlement Date”, “Commitment Termination Date” or “Required Reserve Account Deposit Amount” (or the definitions used therein); (v) change any provision that expressly requires the consent of, or provides certain rights or powers to, the Majority Lenders; (vi) impair the right of such Lender to institute a suit or take other action against the Borrower to collect the indebtedness owed to it pursuant to the provisions of this Agreement; (vii) change the Facility Limit (or the definition thereof); (viii) change any section hereof specific to a Conduit Lender (with respect to any Lender that is a Conduit Lender); or (x) modify this Section 9.01.
Lender Consents. Except as otherwise provided, at Purchaser’s expense Seller shall and shall cause its Affiliates to, cooperate with Purchaser in connection with obtaining any requested consents from Holdco Lender and Holdco II Lender which are reasonably necessary to consummate the Newco Transaction, the Loan Modification, the acquisition of the Seller’s Interest and the Seller’s Newco Interest and the Alternative Transaction, which cooperation shall include, but not be limited to, the execution and delivery of such documents, instruments and agreements as Purchaser shall reasonably request to be executed and/or delivered by Seller or its Affiliates. From and after the date hereof until Closing occurs or is no longer capable of occurring, neither Seller nor its Affiliates shall initiate any communications without a representative of Purchaser present (i) with Holdco Lender which are materially inconsistent with the Loan Modification Term Sheet or (ii) with Holdco II Lender which are materially inconsistent with the terms of the Holdco II Loan Documents, provided that nothing in this section shall require a representative of Purchaser to be present for any ordinary course communications which are consistent with the previous course of communications with the relevant lender, so long as (A) Seller uses commercially reasonable efforts to include Purchaser in any such communications to the extent practicable and (B) if Purchaser is not so included, Seller keeps Purchaser regularly apprised of the occurrence and substance of any communications as promptly as is practicable after the occurrence thereof. Notwithstanding the foregoing, it is understood and agreed that Purchaser shall have the lead role in negotiating and facilitating the Loan Modification.
Lender Consents. Each Lender shall have received all internal consents and approvals necessary for the consummation of the transactions contemplated by this Agreement and the Security Documents.
Lender Consents. 4.1 As of the First Amendment Effective Date, the Lender hereby approves (i) the Permitted Receivables Financing Program and the execution, delivery and performance by the Company, ▇▇▇▇▇▇▇▇▇▇ International, Finsub and Finsub2 of the Permitted Receivables Transaction Documents, provided that, concurrently therewith, the Company and ▇▇▇▇▇▇▇▇▇▇ International shall have made a mandatory prepayment to the Revolving Credit Agent, for the benefit of the Senior Revolving Lenders, of the Net Cash Proceeds arising from the initial sale of Receivables pursuant to the Permitted Receivables Transaction Documents in an amount not less than $50,000,000, (ii) the transactions evidenced by the Multicurrency Loan Documents (provided, that for purposes of this Section 4.1, the term Multicurrency Loan Documents shall only refer to the forms of such documents as they exist on the First Amendment Effective Date) and the execution, delivery and performance by Pegasus and Finsub2 thereof, and (iii) to borrow funds on the First Amendment Effective Date, the proceeds of which shall be used by Pegasus to make a capital contribution to Finsub2 so that Finsub2 may pay for the Series 1996-2 Certificate.
4.2 Lender, upon the occurrence of the First Amendment Effective Date, hereby (i) releases its Liens on the Receivables sold from time to time pursuant to the Permitted Receivables Transaction Documents (including, without limitation, all Liens on Dollar denominated Receivables of the Company and ▇▇▇▇▇▇▇▇▇▇ International which are so sold from time to time), (ii) agrees to enter into the Permitted Receivables Intercreditor Agreement and to take all actions required to be taken by Lender thereby.
Lender Consents. The Reliant Parent Debt Documents shall have been amended in a form reasonably satisfactory to the Lender in order to permit the transactions contemplated by this Agreement (it being understood that provisions relating to the consent fee and other amounts payable for any such amendments shall not be subject to the Lender’s satisfaction, and that the form of consent provided to the bondholders as of July 25, 2006, as amended by the supplement dated August 28, 2006, is satisfactory).
Lender Consents a copy of each Lender Consent (to the extent required).
Lender Consents. All Lender Consents shall have been obtained.
Lender Consents. Borrower or Guarantor may request that Lender consent to any action prohibited by Sections 9.9 and 9.11 through 9.15 by delivering a written request which specifies in reasonable detail the nature of the proposed action. Lender agrees to consider such request in a timely fashion and will provide Borrower or Guarantor with a written response to such request. Nothing in this Section 9.16 shall be construed to require Lender to approve any such request.
Lender Consents. Parent shall have received the Lender Consents identified in Section 3.11 of the Disclosure Letter.
Lender Consents. Each undersigned Lender under the Existing Credit Agreement hereby consents to the transactions contemplated by this First Amendment and the Amended and Restated Credit Agreement (including (a) the incurrence of the additional Indebtedness contemplated hereby and (b) the use of proceeds of such additional Indebtedness as contemplated herein and in the Amended and Restated Credit Agreement). Each Lender signatory hereto, collectively representing the Required Secured Parties, consents to the amendments to the Collateral Agency Agreement contained herein.