Designated Consenting Lender definition

Designated Consenting Lender means a Consenting Lender designated in writing by a Majority of the Consenting Lenders who agrees to act as agent for the Consenting Lenders.

Designated Consenting Lender shall have the meaning set forth in the Proxy and Stock Option Agreements.

Examples of Designated Consenting Lender in a sentence

• At the Closing, the Designated Consenting Lender, as agent for the Consenting Lenders, shall pay to the Stockholders in cash by wire transfer or by certified or bank check payable to the order of the Stockholders an amount equal to the product of the Purchase Price multiplied by the number of Shares sold pursuant to this Section 2.

• At the Closing, the Designated Consenting Lender, as agent for the Consenting Lenders, shall pay to Stockholder in cash by wire transfer or by certified or bank check payable to the order of Stockholder an amount equal to the product of the Purchase Price multiplied by the number of Shares sold pursuant to this Section 2.

• The delivery of the Shares to the Designated Consenting Lender, as agent for the Consenting Lenders, pursuant to Section 2 will transfer to the Consenting Lenders good, valid and marketable title to the Shares, free of all liens, encumbrances, restrictions and claims of every kind.

• The delivery of the Shares to the Designated Consenting Lender, as agent for the Consenting Lenders hereunder, will transfer to the Consenting Lenders good, valid and marketable title to the Shares, free of all liens, encumbrances, restrictions and claims of every kind, other than restrictions on resale imposed by the Securities Act of 1933, as amended.

• The delivery of the Shares to the Designated Consenting Lender, as agent for the Consenting Lenders, hereunder will transfer to the Consenting Lenders good, valid and marketable title to the Shares, free of all liens, encumbrances, restrictions and claims of every kind, other than restrictions on resale imposed by the Securities Act of 1933, as amended.

• The delivery of the Shares to the Designated Consenting Lender, as agent for the Consenting Lenders, hereunder will transfer to the Consenting Lenders good, valid and marketable title to the Shares, free of all liens, encumbrances, restrictions and claims of every kind.