Immaterial Consents definition

Immaterial Consents means any consent, approval, notice or other direct or indirect restriction on assignment, transfer or disposition (a) that, by its written terms, cannot be unreasonably withheld by the holder or beneficiary thereof or (b) that, if not obtained, waived, or given, would not result in a material breach of or default under, or termination of, the underlying permit, license, lease, contract, instrument or agreement.
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Immaterial Consents means certain consents, approvals and authorizations for collateral assignment of Pipeline Systems, contracts and instruments to the Administrative Agent, other than those consents, approvals and authorizations related to Material Contracts.
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Immaterial Consents is defined in Section 7.1.
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Examples of Immaterial Consents in a sentence

  • Notwithstanding the foregoing, Seller shall not be required to transfer any such assets, pursuant to this Section 6.5 if the transfer thereof would require the consent of any third party, other than Immaterial Consents.

  • Schedule 2.6(a) sets forth all material consents (the "Material Consents"), and Schedule 2.6(b) sets forth all consents which, the failure to obtain would not (i) cause the Company any liability or (ii) cause the Company the loss of any right which is material to the business of the Company (the "Immaterial Consents").

  • The Company shall use commercially reasonable efforts to obtain the consents, waivers, assignments and approvals of all Material Consents and Immaterial Consents as may be required in connection with the Merger so as to preserve all rights of, and benefits to, the Company thereunder.