Bank Consents Sample Clauses
The 'Bank Consents' clause defines the requirement for obtaining approval from a bank before certain actions can be taken under an agreement. Typically, this clause specifies which transactions, amendments, or decisions require the bank's prior written consent, such as taking on additional debt, transferring assets, or making significant changes to the borrower's business. Its core practical function is to protect the bank's interests by ensuring it maintains oversight and control over actions that could affect its security or the borrower's ability to repay, thereby managing risk and maintaining the integrity of the lending arrangement.
Bank Consents. Parent shall have received (i) the consent to the Merger of the Lenders (or waivers by such Lenders of any default arising from the Merger) under the Credit Agreement, dated as of March 3, 1997, among Parent as Borrower, and the Initial Lenders, Initial Issuing Bank and Swing Line Bank named therein as Initial Lenders, Initial Issuing Bank and Swing Line Bank, and Fleet Bank, N.A., as Administrative Agent, and (ii) the consent to the Merger of Wachovia Bank, N.A. ("Wachovia") (or the waiver by Wachovia of any default arising from the Merger) under the Reimbursement and Security Agreement, dated as of May 1, 1996, between Parent and Wachovia (as successor by merger to Wachovia Bank of Georgia, N.A.), copies of which agreements have been provided to the Company.
Bank Consents. The Alon Parties shall use their commercially reasonable efforts to obtain the consents of their respective lenders under their respective revolving credit and term loan agreements to the transactions contemplated by this Agreement not later than 15 days after the date of this Agreement, all of which consents are set forth on Schedule 7.3(e) and which consents shall include an undertaking on the part of such lenders to deliver at Closing the ▇▇▇▇ ▇▇▇▇▇ ENERGY PARTNERS, L.P. CONTRIBUTION AGREEMENT 34 releases contemplated by Section 7.2(h). Transferee agrees to reasonably cooperate with the Alon Parties in obtaining such consents, including the execution of a consent agreement substantially in the form of Exhibit L attached hereto.
Bank Consents. On or before the Effective Date, Solid shall have obtained all necessary or required consents to the transactions contemplated by this Agreement or otherwise necessary, including, without limitation, consents from its banks or other lenders with regard to loans outstanding to Solid.
Bank Consents. By its execution of this Third Amendment, ING Capital LLC (the “Exiting Bank”) hereby (a) consents to this Third Amendment in its capacity as a Bank under the Credit Agreement, and (b) acknowledges and agrees to Section 2.10
Bank Consents. Buyer's lenders shall have consented to the transactions contemplated by this Agreement. Seller shall have caused to be furnished to Buyer the following: (a) Landlord's waivers in a form acceptable to GMAC Commercial Corp. executed by each of Dearborn Steel Center, Trentor Steel Processing Center, and John ▇▇▇▇▇, (▇) not less than Two Business Days prior to the Closing Date a letter from Comerica Bank stating the amount necessary to pay Comerica Bank in full on the Closing Date, and (c) arrangements satisfactory to Buyer for delivery to Buyer of UCC-3's and other releases of security interest by Comerica Bank upon repayment in full of all amounts owed by the Company to Comerica Bank on the Closing Date.
Bank Consents. Seminis Illinois shall have obtained all required consents under any loan or financing agreement among Seminis Illinois and its commercial bank lenders.
Bank Consents. Bank Leumi (i) shall have unconditionally consented to the change in control of the Company arising out of the Share Purchase, and (ii) shall have confirmed that no acceleration of payment of any loans extended by them will be made pursuant to the Share Purchase, and the Company shall have delivered to Buyer copies of such consents and confirmations.
Bank Consents. Sellers shall have obtained consents to consummate the ------------- transactions under this Agreement from their lenders under their multi-currency bank agreement and U.K. bank agreement.
Bank Consents a. The Bank hereby acknowledges that the Bank has been provided copies of the commitment letter dated October 23, 1998 (a true and correct copy of which is attached hereto as Exhibit B) setting forth the terms and conditions of the financing for the construction of a facility in Glen Ellyn, Illinois and commitment letter dated February 2, 1999 (a true and correct copy of which is attached hereto as Exhibit C) setting forth the terms and conditions of the financing for the construction of a facility in Raleigh, North Carolina, and has approved the terms and conditions of such financings.
b. The Bank hereby consents to the execution and delivery by Borrower to Battery Park City Authority ("BPCA") of a Guaranty of Completion dated as of February 28, 1999 (a true and correct copy of which is attached hereto as Exhibit D) (the "BPC Completion Guaranty") in connection with the agreement by BPCA to permit the continuation of the construction of the facility in Battery Park City.
Bank Consents. National Australia Bank, The KfW (formerly KfW Bankengruppe), and Korea Development Bank, in their capacity as senior lender in respect of the Vessels (each, a “Senior Lender”), shall have consented, on or before March 31, 2020, to the transactions contemplated by Section 7.4(a) hereof and the issuance of the Series B Stock and the other terms of the transactions contemplated hereby or in the Operative Documents to which their consent is needed; provided, that the consent of National Australia Bank and The KfW (formerly KfW Bankengruppe) shall have been obtained on or before December 31, 2019.