BNY CONSENTS Clause Samples

BNY CONSENTS. Notwithstanding anything to the contrary contained herein, so long as the BNY Bank Obligations are outstanding, the Company shall not deliver an Optional Prepayment Notice unless (i) there are no outstanding Debentures or all outstanding Debentures are subject to a delivered redemption notice and (ii) it has received (and furnished to the Holder evidence thereof reasonably satisfactory to it or) prior written consent of BNY to make such prepayment free from the subordination provisions of Section 8 hereof.