Common use of Consent Solicitation Clause in Contracts

Consent Solicitation. Banro shall take all actions necessary (including, as appropriate solicit and obtain the consent of the holders of notes issued pursuant to the Note Indenture and the trustee and other parties to the collateral trust agreement and security agreements related to the Note Indenture) to, and shall within 60 days of the date hereof, amend the Note Indenture and the collateral trust agreement and security agreements related thereto to characterize the PSA Obligations as a Priority Lien in accordance with the Note Indenture and as otherwise reasonably requested by the Purchaser.

Appears in 3 contracts

Sources: Support Agreement (Banro Corp), Gold Purchase and Sale Agreement (Banro Corp), Support Agreement (Banro Corp)