Required Consenting Parties definition
Examples of Required Consenting Parties in a sentence
The purposes of each Ownership Entity shall be to hold the Acquired Property pending sale, to complete applicable permitted construction of any such Acquired Property and to operate the Acquired Property as efficiently as possible in order to minimize financial loss to the Company and the Required Consenting Parties, and to sell the Acquired REO Property as promptly as practicable in a way designed to minimize financial loss to the Company and the Required Consenting Parties.
The Debtors, in consultation with the Required Consenting Parties, as applicable, shall have the exclusive authority to (i) determine, without the need for notice to or action, order, or approval of the Bankruptcy Court, that a claim subject to any Proof of Claim that is Filed is Allowed and (ii) file, settle, compromise, withdraw, or litigate to judgment any objections to Claims as permitted under this Plan.
Copies of fidelity bonds and insurance policies required to be maintained pursuant to this Section 12.3(f) shall be made available to the Required Consenting Parties or their respective representatives on the Closing Date (and, with respect to each Asset, on or before the applicable Servicing Transfer Date with respect thereto), and shall otherwise be made available to any of the Required Consenting Parties and their respective representative upon request.
The Manager may not Dispose of its interest in any Excess Working Capital Advances without the consent of each of the Required Consenting Parties.
The failure of the Debtors or Reorganized Debtors, as applicable, or the Required Consenting Parties or the Committee, to exercise any of the foregoing rights shall not be deemed a waiver of any other rights, and each such right shall be deemed an ongoing right, which may be asserted at any time.