Tax Lease. 16.1.1 The Lender Finance Parties agree that the Loan may be refinanced to incorporate a lease financing structure with the prior written consent of each Lender Finance Party. Each Lender Finance Party agrees that it shall not unreasonably withhold or delay its consent to the implementation of a lease financing structure, provided that: (a) it is satisfied that its security position will not be materially and adversely affected; (b) it has received agreed and executed documentation acceptable to it in all respects; (c) the lease financing structure is not, in its reasonable opinion, unduly onerous in terms of documentation and time; (d) it has received credit approval for such lease financing; and (e) it has received legal opinions satisfactory to it in relation to jurisdictions reasonably required by it.
Appears in 4 contracts
Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)
