Property Third Party Consents definition

Property Third Party Consents means all consents, licences, approvals, permits, authorisations or waivers required from any Landlord, superior landlord and/or other third party, including any consents, licences, approvals, permits, authorisations or waivers required by any legislation or regulation or by any statutory, governmental, state, provincial or municipal bodies or authorities for or in connection with the transfer of a Transferred Property by the relevant member of the Seller’s Group to the Purchaser and includes (where the context so admits) Sublease Consents;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Property Third Party Consents means all consents, licences, approvals, permits, authorisations or waivers required from any Landlord, superior landlord and/or other third party, including any consents, licences, approvals, permits, authorisations or waivers required by any legislation or regulation or by any statutory, governmental, state, provincial or municipal bodies or authorities for or in connection with the transfer of a Transferred Real Property by the Business Sellers to the Purchaser and includes (where the context so admits) Sublease Consents;

Property Third Party Consents has the meaning given to it in Schedule 3;

Examples of Property Third Party Consents in a sentence

• Property Transfer Completion in respect of a Transferred Property shall take place on the date falling 15 Business Days following the grant of all relevant Property Third Party Consents for such Transferred Property or on such other date as the parties shall agree acting reasonably (but not before the Closing Date).

• Property Transfer Completion in respect of a Transferred Real Property shall take place on the date falling 15 Business Days following the grant of all relevant Property Third Party Consents for such Transferred Real Property or on such other date as the parties shall agree acting reasonably (but not before the Closing Date).

• Transfer Completion in respect of each of the Business Underletting Properties shall take place on the date falling 15 Business Days following the grant of all the relevant Property Third Party Consents for each Business Underletting Property or on such other date as the parties shall agree acting reasonably (but not before Closing).

• To the extent that any Property Third Party Consents are outstanding at Closing, Property Transfer Completion in respect of the relevant Group Transfer Properties shall take place on the date falling 15 Business Days following the grant of all the relevant Property Third Party Consents or on such other date as the parties shall agree acting reasonably (but not before Closing).

• To the extent that any Property Third Party Consents are outstanding at Closing, Property Transfer Completion in respect of the relevant Sellers’ Group Transfer Properties shall take place on the date falling 15 Business Days following the grant of all the relevant Property Third Party Consents or on such other date as the parties shall agree acting reasonably (but not before Closing).

• Transfer Completion in respect of each of the Leaseback Properties shall take place on the date falling 15 Business Days following the grant of all the relevant Property Third Party Consents for each Leaseback Property or on such other date as the parties shall agree acting reasonably (but not before Closing).

• Property Transfer Completion in respect of each of the Business Assignment Properties shall take place on the date falling 15 Business Days following the grant of all the relevant Property Third Party Consents for each Business Assignment Property or on such other date as the parties shall agree acting reasonably (but not before Closing).

More Definitions of Property Third Party Consents

Property Third Party Consents means all consents, licences, approvals, permits, authorisations or waivers required from any Landlord, superior landlord mortgagee or chargee and/or other third party, including, but not limited to, any consents, licences, approvals, permits, authorisations or waivers required by any legislation or regulation or by any statutory, governmental, state, provincial or municipal bodies or authorities for or in connection with the transfers of the Sellers’ Group Transfer Properties by the Asset Transferor to the Transferee Group Companies and includes (where the context so admits) Sublease Consents;