Pledge Waiver; Consent to Consent-Requested Transactions Sample Clauses

Pledge Waiver; Consent to Consent-Requested Transactions. At the request of Borrowers, Agent and Lenders hereby (a) grant the Pledge Waiver, and (b) consent to (i) the Heilbronn Intercompany Loan, (ii) the Initial Xxxxxx Stock Transfer, (iii) the Coltec France Stock Transfer, (iv) the Second Xxxxxx Stock Transfer, (v) the Initial Heilbronn Stock Transfer, (vi) the Third Xxxxxx Stock Transfer, (vii) the Second Heilbronn Stock Transfer, (viii) each of the Initial UK Stock Transfers, (ix) each of the Second UK Stock Transfers, (x) the Liard Stock Transfer and (xi) each of the Initial Note B Transfer, the Second Note B Transfer and the Third Note B Transfer so Coltec Industries Inc and the other Borrowers and Guarantors December 16, 2008 Page 7 long as each of the following conditions precedent thereto is met on and as of the day of each of such Consent-Requested Transactions (or with respect to the Heilbronn Intercompany Loan, as of the date hereof): (a) Agent receives a duly executed counterpart of this letter agreement from each of the Obligors; (b) Each Consent-Requested Transaction is consummated in accordance with its terms as described herein and in accordance with Applicable Law, and all of the European Restructuring Transactions are consummated on or before December 31, 2008 (or with respect to each of the Initial UK Stock Transfers, the Second UK Stock Transfers, the Liard Stock Transfer, the CPI SARL Merger, the Initial Note B Transfer, the Second Note B Transfer, the Third Note B Transfer and the Note A Repayment, on or before March 31, 2009); (c) No Default or Event of Default exists (other than those waived hereby pursuant to the Pledge Waiver); (d) Borrowers deliver to Agent, for the benefit of itself and Lenders, an updated organizational chart reflecting the corporate structure of all Obligors and their Subsidiaries after giving effect to the European Restructuring Transactions; and (e) GGB, Luxco and any other applicable Obligors deliver to Agent, for the benefit of itself and Lenders, in accordance with Section 7.5 of the Loan Agreement and Section 6(d) of the Pledge Agreements, a Pledge Amendment and original Equity Interest certificates (to the extent certificated) with respect to 65% of the issued and outstanding Equity Interests of Luxco, EnPro Hong Kong, GGB Technology and GGB EURL, in each case accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance satisfactory to the Agent, and such other instruments, assignments, or other documents as Agent ma...
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Pledge Waiver; Consent to Consent-Requested Transactions. At the request of Borrowers, Agent and Lenders hereby (a) grant the Pledge Waiver, and (b) consent to (i) the Heilbronn Intercompany Loan, (ii) the Initial Xxxxxx Stock Transfer, (iii) the Coltec France Stock Transfer, (iv) the Second Xxxxxx Stock Transfer, (v) the Initial Heilbronn Stock Transfer, (vi) the Third Xxxxxx Stock Transfer, (vii) the Second Heilbronn Stock Transfer, (viii) each of the Initial UK Stock Transfers, (ix) each of the Second UK Stock Transfers, (x) the Liard Stock Transfer and (xi) each of the Initial Note B Transfer, the Second Note B Transfer and the Third Note B Transfer so Coltec Industries Inc and the other Borrowers and Guarantors December 16, 2008 Page 7 long as each of the following conditions precedent thereto is met on and as of the day of each of such Consent-Requested Transactions (or with respect to the Heilbronn Intercompany Loan, as of the date hereof):

Related to Pledge Waiver; Consent to Consent-Requested Transactions

  • Waiver; Consent This Agreement may not be changed, amended, terminated, augmented, rescinded or discharged (other than in accordance with its terms), in whole or in part, except by a writing executed by the parties hereto. No waiver of any of the provisions or conditions of this Agreement or any of the rights of a party hereto shall be effective or binding unless such waiver shall be in writing and signed by the party claimed to have given or consented thereto. Except to the extent otherwise agreed in writing, no waiver of any term, condition or other provision of this Agreement, or any breach thereof shall be deemed to be a waiver of any other term, condition or provision or any breach thereof, or any subsequent breach of the same term, condition or provision, nor shall any forbearance to seek a remedy for any noncompliance or breach be deemed to be a waiver of a party’s rights and remedies with respect to such noncompliance or breach.

  • Seller's Consent to Assignment The Seller hereby acknowledges the Purchaser's right to assign, transfer and convey all of the Purchaser's rights under this Agreement to a third party and that the representations and warranties made by the Seller to the Purchaser pursuant to this Agreement will, in the case of such assignment, transfer and conveyance, be for the benefit of such third party. The Seller hereby consents to such assignment, transfer and conveyance.

  • Revocation and Effect of Consents, Waivers and Actions Until an amendment, waiver or other action by Holders becomes effective, a consent thereto by a Holder of a Security hereunder is a continuing consent by the Holder and every subsequent Holder of that Security or portion of the Security that evidences the same obligation as the consenting Holder's Security, even if notation of the consent, waiver or action is not made on the Security. However, any such Holder or subsequent Holder may revoke the consent, waiver or action as to such Holder's Security or portion of the Security if the Trustee receives the notice of revocation before the date the amendment, waiver or action becomes effective. After an amendment, waiver or action becomes effective, it shall bind every Securityholder.

  • Amendments; Waivers; Consents No modification, amendment or waiver of, or with respect to, any provision of this Agreement or the Related Documents, shall be effective unless it shall be in writing and signed by each of the parties hereto. This Agreement, the Related Documents and the documents referred to therein embody the entire agreement among the Seller, the Subservicer, the Purchaser and the Master Servicer, and supersede all prior agreements and understandings relating to the subject hereof, whether written or oral.

  • CONSENTS, AMENDMENTS, WAIVERS, ETC Any consent or approval required or permitted by this Credit Agreement to be given by the Banks may be given, and any term of this Credit Agreement, the other Loan Documents or any other instrument related hereto or mentioned herein may be amended, and the performance or observance by the Borrower or any of its Subsidiaries of any terms of this Credit Agreement, the other Loan Documents or such other instrument or the continuance of any Default or Event of Default may be waived (either generally or in a particular instance and either retroactively or prospectively) with, but only with, the written consent of the Borrower and the written consent of the Majority Banks. Notwithstanding the foregoing, a decrease in the rate of interest on the Notes (other than interest accruing pursuant to (S)6.11.2 following the effective date of any waiver by the Majority Banks of the Default or Event of Default relating thereto), the amount of the Commitments of the Banks (other than increases which are contemplated by (S)20.1.2 hereof), and the amount of the Commitment Fee or Letter of Credit Fees hereunder may not be reduced without the written consent of the Borrower and the written consent of each Bank affected thereby; the Revolving Credit Loan Maturity Date and the Term Loan Maturity Date may not be postponed, no date fixed for payment may be postponed and the amount of any scheduled payment may not be reduced without the written consent of each Bank affected thereby; this (S)27 and the definition of Majority Banks may not be amended, without the written consent of all of the Banks; all or substantially all of the Collateral (except if the release or disposition of such Collateral is permitted or provided for in the provisions of (S)10.5.2 hereof) may not be released without the written consent of all of the Banks; and the amount of the Agent's Fee or any Letter of Credit Fees payable for the Agent's account and (S)16 may not be amended without the written consent of the Agent. No waiver shall extend to or affect any obligation not expressly waived or impair any right consequent thereon. No course of dealing or delay or omission on the part of the Agent or any Bank in exercising any right shall operate as a waiver thereof or otherwise be prejudicial thereto. No notice to or demand upon the Borrower shall entitle the Borrower to other or further notice or demand in similar or other circumstances.

  • Authority, No Conflict, No Consent Required The Borrower represents and warrants that the Borrower has the power and legal right and authority to enter into this Amendment and has duly authorized as appropriate the execution and delivery of this Amendment and other agreements and documents executed and delivered by the Borrower in connection herewith by proper partnership action, and none of the Amendment Documents nor the agreements contained herein or therein contravenes or constitutes a default under any agreement, instrument or indenture to which the Borrower is a party or a signatory or a provision of the Borrower’s partnership agreement or any other agreement or requirement of law, or result in the imposition of any Lien on any of its property under any agreement binding on or applicable to the Borrower or any of its property except, if any, in favor of the Lenders. The Borrower represents and warrants that no consent, approval or authorization of or registration or declaration with any Person, including but not limited to any governmental authority, is required in connection with the execution and delivery by the Borrower of the Amendment Documents or other agreements and documents executed and delivered by the Borrower in connection therewith or the performance of obligations of the Borrower therein described, except for those which the Borrower has obtained or provided and as to which the Borrower has delivered certified copies of documents evidencing each such action to the Lenders.

  • No Consent Required No approval or authorization by, or filing with, any Governmental Authority is required in connection with the execution, delivery and performance by the Administrator of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been obtained and filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability or collectability of the Receivables or any other part of the Collateral or would not materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents.

  • Definitions; Consent Required The term "Utility Installations" is used in this Lease to refer to all air lines, power panels, electrical distribution, security, fire protection systems, communications systems, lighting fixtures, heating, ventilating and air conditioning equipment, plumbing, and fencing in, on or about the Premises. The term "Trade Fixtures" shall mean Lessee's machinery and equipment which can be removed without doing material damage to the Premises. The term "Alterations" shall mean any modification of the improvements on the Premises which are provided by Lessor under the terms of this Lease, other than Utility Installations or Trade Fixtures. "Lessee-Owned Alterations and/or Utility Installations" are defined as Alterations and/or Utility Installations made by Lessee that are not yet owned by Lessor pursuant to Paragraph 7.4(a). Lessee shall not make nor cause to be made any Alterations or Utility Installations in, on, under or about the Premises without Lessor's prior written consent. Lessee may, however, make non-structural Utility Installations to the interior of the Premises (excluding the roof) without Lessor's consent but upon notice to Lessor, so long as they are not visible from the outside of the Premises, do not involve puncturing, relocating or removing the roof or any existing walls, or changing or interfering with the fire sprinkler or fire detection systems and the cumulative cost thereof during the term of this Lease as extended does not exceed $2,500.00.

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