Common use of Subordinated Creditor Consent Clause in Contracts

Subordinated Creditor Consent. The U.S. Borrower shall (a) undertake its best efforts to, within 30 days of the date of this Amendment, deliver to the U.S. Lender the Acknowledgment and Agreement of Subordinated Creditor (collectively, the “Subordinated Creditor Consent”) set forth at the end of this Amendment, duly executed by Txxx Capital Partners Fund, LLC (the “Subordinated Creditor”) and (b) undertake its best efforts to cause the Subordinated Creditor to not require the U.S. Borrower to execute and deliver any other amendments to its loan documents with the Subordinated Creditors or to pay any fees to the Subordinated Creditor as a condition to executing its Subordinated Creditor Consent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Delphax Technologies Inc), Loan and Security Agreement (Delphax Technologies Inc), Loan and Security Agreement (Delphax Technologies Inc)

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Subordinated Creditor Consent. The U.S. U. S. Borrower shall (a) undertake its best efforts to, within 30 days of the date of this Amendment, deliver to the U.S. Lender the Acknowledgment and Agreement of Subordinated Creditor (collectively, the "Subordinated Creditor Consent") set forth at the end of this Amendment, duly executed by Txxx Tate Capital Partners Fund, LLC (the "Subordinated Creditor") and (bx) undertake its best efforts to cause the Subordinated Creditor to not require the U.S. Borrower to execute and deliver any other amendments to its loan documents with the Subordinated Creditors or to pay any fees to the Subordinated Creditor as a condition to executing its Subordinated Creditor Consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Delphax Technologies Inc)

Subordinated Creditor Consent. The U.S. Borrower shall (a) undertake its best efforts to, within 30 days of the date of this Amendment, deliver to the U.S. Lender the Acknowledgment and Agreement of Subordinated Creditor (collectively, the “Subordinated Creditor Consent”) set forth at the end of this Amendment, duly executed by Txxx Xxxx Capital Partners Fund, LLC (the “Subordinated Creditor”) and (b) undertake its best efforts to cause the Subordinated Creditor to not require the U.S. Borrower to execute and deliver any other amendments to its loan documents with the Subordinated Creditors or to pay any fees to the Subordinated Creditor as a condition to executing its Subordinated Creditor Consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Delphax Technologies Inc)

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Subordinated Creditor Consent. The U.S. Borrower shall (a) undertake its best efforts to, within 30 days of the date of this Amendment, deliver to the U.S. Lender the Acknowledgment and Agreement of Subordinated Creditor (collectively, the "Subordinated Creditor Consent") set forth at the end of this Amendment, duly executed by Txxx Xxxx Capital Partners Fund, LLC (the "Subordinated Creditor") and (b) undertake its best efforts to cause the Subordinated Creditor to not require the U.S. Borrower to execute and deliver any other amendments to its loan documents with the Subordinated Creditors or to pay any fees to the Subordinated Creditor as a condition to executing its Subordinated Creditor Consent.

Appears in 1 contract

Samples: Loan and Security Agreement (Delphax Technologies Inc)

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