Common use of Property Third Party Consent from Landlord not Obtained Clause in Contracts

Property Third Party Consent from Landlord not Obtained. 1.14.1 If a Property Third Party Consent and, where applicable, a Sublease Consent are refused by the Landlord or otherwise not obtained on terms reasonably acceptable to the Business Transferors and the Purchaser within six months of Closing, the Business Transferors (acting reasonably) shall be entitled by notice to the Purchaser to apply to a court of competent jurisdiction that, in respect of the Business Assignment Property, the Landlord has unreasonably withheld or delayed such Property Third Party Consent and, where applicable, Sublease Consent.

Appears in 1 contract

Samples: Transfer Agreement (Royal Bank of Scotland Group PLC)

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Property Third Party Consent from Landlord not Obtained. 1.14.1 1.13.1 If a Property Third Party Consent and, where applicable, a Sublease Consent are is refused by the Landlord or otherwise not obtained on terms reasonably acceptable to the Business Transferors and the Purchaser within six 6 months of Closing, the Business Transferors (acting reasonably) shall be entitled by notice to the Purchaser to apply to a court of competent jurisdiction that, in respect of the Business Assignment Underselling Property, the Landlord has unreasonably withheld or delayed such Property Third Party Consent and, where applicable, Sublease Consent.

Appears in 1 contract

Samples: Transfer Agreement (Royal Bank of Scotland Group PLC)

Property Third Party Consent from Landlord not Obtained. 1.14.1 If a Property Third Party Consent and, where applicable, a Sublease Consent are refused by the Landlord or otherwise not obtained on terms reasonably acceptable to the Business Transferors Seller and the Purchaser within six months of Closing, the Business Transferors Sellers or Asset Transferor (acting reasonably) shall be entitled by notice to the Purchaser to apply to a court of competent jurisdiction that, in respect of the Business Assignment Group Transfer Property, the Landlord has unreasonably withheld or delayed such Property Third Party Consent and, where applicable, Sublease Consent.

Appears in 1 contract

Samples: Share Purchase Agreement (PPL Corp)

Property Third Party Consent from Landlord not Obtained. 1.14.1 If a Property Third Party Consent and, where applicable, a Sublease Consent are refused by the Landlord or otherwise not obtained on terms reasonably acceptable to the Business Transferors Purchaser and the Purchaser Sellers within six months of Closing, the Business Transferors Purchaser or Asset Transferor (acting reasonably) shall be entitled by notice to the Purchaser Seller to apply to a court of competent jurisdiction that, in respect of the Business Assignment Purchaser Group Transfer Property, the Landlord has unreasonably withheld or delayed such Property Third Party Consent and, where applicable, Sublease Consent.

Appears in 1 contract

Samples: Share Purchase Agreement (PPL Corp)

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Property Third Party Consent from Landlord not Obtained. 1.14.1 1.13.1 If a Property Third Party Consent and, where applicable, a Sublease Consent are is refused by the Landlord or otherwise not obtained on terms reasonably acceptable to the Business Transferors and the Purchaser within six 6 months of Closing, the Business Transferors (acting reasonably) shall be entitled by notice to the Purchaser to apply to a court of competent jurisdiction that, in respect of 200 the Business Assignment Leaseback Property, the Landlord has unreasonably withheld or delayed such Property Third Party Consent and, where applicable, Sublease Consent.

Appears in 1 contract

Samples: Transfer Agreement (Royal Bank of Scotland Group PLC)

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