Consents and Terminations. Seller shall have delivered to Buyer all consents and terminations Buyer deems reasonably necessary or desirable to effect the transactions contemplated hereby, executed by the appropriate parties in each case in form and substance satisfactory to Buyer, including, without limitation, terminations of any franchise agreements and any licensing arrangements between Seller or any Shareholder and Buyer or its affiliates related to the Business.
Consents and Terminations. Agent shall have received (i) all necessary consents relating to the Loan Documents, the Recapitalization and the other transactions contemplated herein from third parties so that the same shall be valid and not result in any violation of any material agreement running in favor of such third party, (ii) a payout and termination agreement in form and substance reasonably satisfactory to Agent with respect to the Existing Credit Agreement and all other Indebtedness of Borrower and the Restricted Subsidiaries existing on the Closing Date which is not permitted hereunder to survive the Closing Date and all satisfactions of mortgages, termination statements under the UCC and other instruments releasing Liens as may be necessary or desirable to release any Liens created under or securing any of the foregoing, all in form and substance reasonably satisfactory to Agent and (iii) evidence reasonably satisfactory to Agent that all the Indebtedness referred to in clause (ii) above has been paid in full.
Consents and Terminations. Each Syndication Party that is a party to this Credit Agreement hereby consents, to the extent required under any agreement between such Syndication Party and Borrower, to Borrower entering into this Credit Agreement and obtaining the Loans and Letters of Credit as provided under this Credit Agreement. Borrower and each Syndication Party that is a party to the Existing Credit Agreement hereby agrees that such agreement (including all amendments and supplements) is terminated as of, and on, the Closing Date.
Consents and Terminations. The shareholders of Owner shall have approved the consummation of the transactions contemplated by this Agreement.
Consents and Terminations. The Company shall have delivered to Parent all necessary consents, waivers and approvals of parties to any Contract listed on Schedule 6.2(f)(i) hereof. The Company shall have terminated the Contracts listed on Schedule 6.2(f)(ii) hereof.
Consents and Terminations. Seller shall have delivered to Buyer all approvals and consents of any Person or Governmental Authority (including such permits or authorizations as may be required by any Governmental Authority) and any terminations necessary or desirable to effect the transactions contemplated hereby, executed by the appropriate parties, in each case in a form satisfactory to Buyer. To the extent that any such approval or consent is not obtained prior to the Closing, Buyer may unilaterally determine to proceed with the Closing, which shall constitute Buyer’s waiver of Seller’s obligation to deliver any undelivered approval or consent.
Consents and Terminations. Each Bank that is a party to this Agreement hereby consents, to the extent required under any agreement between the Bank and Borrower, to Borrower entering into this Agreement and obtaining the Credit Facility provided under this Agreement. Borrower and each Bank that is a party to the Existing Credit Agreement acknowledge that the Existing Credit Agreement expired on October 26, 1996.
Consents and Terminations. Holdings shall have procured the -------------------------- third party consents and terminated the agreements, in each case as set forth in Section 1.3(b)(ix) of the Disclosure Schedule.
Consents and Terminations. The Purchaser Group and the Seller shall use their commercially reasonable best efforts (a) to obtain all Consents required in connection with the consummation of the transactions contemplated by this Agreement, including all Consents required to sell the Assets to the Purchaser Group and for the Purchaser Group to assume the Assumed Contracts, and (b) to effect the termination of the Terminating Contracts listed on Schedule 6.2 on terms reasonably acceptable to the Seller. The Purchaser Principal, as sole voting stockholder of Family Realty, Inc. and Family Realty II, Inc., and as an officer and director of Captec Net Lease Realty Advisors, Inc., acknowledges and agrees that he shall execute (or cause to be executed), on behalf of Family Realty, Inc., Family Realty II, Inc. and Captec Net Lease Realty Advisors, Inc., any and all documents necessary to effect the termination of the Terminating Contract listed as Items 5 through 10 of Schedule 6.2. The Purchaser Group and the Seller will provide prompt notification to each other, as well as to CNLR, when any Consent is obtained and will advise each other and CNLR of any communications (and, unless precluded by Law or by the terms of any Contracts to which Seller is a party or by which Seller or any of the Assets are otherwise subject, bound or affected, provide copies of any such communications that are in writing) with any Governmental Authority or other Person regarding any of the transactions contemplated by this Agreement. In addition, subject to the terms and conditions herein provided, each of the parties hereto covenants and agrees to use its commercially reasonable efforts to take, or cause to be taken, all appropriate actions or do, or cause to be done, all things necessary, proper or appropriate to consummate and make effective the transactions contemplated hereby and to cause the fulfillment of the parties obligations hereunder.
