No Objection Notice definition

No Objection Notice shall have the meaning set forth in Section 5.7 of this Agreement.
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No Objection Notice means the notice (in writing) of no objection given by the Agent to any Obligor that has requested approval to enter into an Excluded Major Project Document (or approval to amend, modify, novate, assign, terminate, cancel, supplement or waive any right under, permit or consent to the amendment, modification, novation, assignment, termination, cancellation, supplement or waiver of an Excluded Major Project Document) stating that the Agent has not received instructions from the Majority Lenders prohibiting such Obligor from taking such action or undertaking such thing in respect of (or in relation to) the relevant Excluded Major Project Document.
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Examples of No Objection Notice in a sentence

  • If the FIRB No Objection Notice has been obtained and the Credit Parties have not entered into a Post-Closing Security Document on terms and in form and substance satisfactory to the Lender (provided in each case that by entering into the Post-Closing Security Agreement neither the Lender nor the Credit Party would be in breach of any condition to the FIRB No Objection Notice) within 10 days of that FIRB No Objection Notice being obtained.

  • On the first day of the first full month after the Commencement Date and for each month thereafter, the Company will pay, or cause the Bank to pay, the Agent a cash advisory fee equal to $20,000 (due at the start of each new monthly period) for the term of this Agreement on the dates set forth on Appendix 1 attached hereto and made a part hereof; provided that, no payment shall be due under this Section 2(a) until FINRA shall have issued the No Objection Notice.

  • On the first day of the first full month after the Commencement Date and for each month thereafter, the Company will pay the Agent a fee equal to $20,000 (due at the start of each new monthly period) for the term of this Agreement on the dates set forth on Appendix 1 attached hereto and made a part hereof; provided that, no payment shall be due under this Section 2(a) until FINRA shall have issued the No Objection Notice.