Financing Consent Sample Clauses
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Financing Consent. During the term of this License Agreement, the Licensor agrees to the following blanket consent for any lender of the Licensee enabling such lender to sell any of the Licensed Products, in the event that a lender forecloses on all or a portion of the assets of the Licensee in connection with any loan or loans made to the Licensee, whether secured or unsecured. In this regard, the Licensor irrevocably and unconditionally grants and agrees to grant to any future lender or lenders of the Licensor (including any trustee or agent for such lenders), the right to sell the Licensed Products only upon foreclosure by the lender or lenders on the Licensee's inventory if the Licensor has not purchased the inventory as provided in Section 9.6 hereof, provided such lender or lenders pay royalties due as specified in this Agreement and the advertising percentage specified in this Agreement, less any credit for any unused prepaid royalties previously paid by the
Financing Consent. Party A also hereby consents to the assignment of this Agreement (and the rights and obligations of Party B hereunder) pursuant to the applicable collateral documents to the collateral agent or other representative of the holders of the Group First Lien Facilities. If Party B or one of its Affiliates requires further written acknowledgement of the foregoing consent to assignment of this Agreement from Party A, Party A shall not be required to execute such additional written acknowledgement unless it is in a form acceptable to it.
Financing Consent. 32 8.4. Trustee in Bankruptcy........................................................33
Financing Consent. Party A also hereby consents to the assignment of this Agreement (and the rights and obligations of Party B hereunder) pursuant to the applicable collateral documents to the agent of the holders of the related secured obligations. If requested by Party B, Party A shall execute and deliver on the closing date under the Group First Lien Facilities, as applicable, a consent agreement with the trustee or administrative agent of the lenders under the Group First Lien Facilities in commercially reasonable form in which Party A consents to the collateral assignment of the Agreement (the “Consent” ); provided, however, that in no event will the forbearance or standstill period under such Consent (the period between (a) the effective date of notice from Party A to the trustee or administrative agent that an Event of Default, Termination Event or Additional Termination Event has occurred with respect to Party B or that Party A otherwise has the right to terminate the Agreement, and (b) the date on which an Early Termination Date is designated) be greater than: (i) in the case of termination due to an event described in Section 5(a)(vi) of the ISDA Form, zero (-0-) days; (ii) in the case of termination due to monetary defaults, ten (10) days; (iii) in the case termination due to an event described under Section 5(a)(vii) of the ISDA Form (other than any such default arising as a result of any proceeding under Chapter 7 of the United States Bankruptcy Code, in which event, there shall be no cure period), two (2) days; and (iv) in the case of termination due to non-monetary defaults, thirty (30) days. Notwithstanding the foregoing, in the case of (ii) and (iv) above, any such right to cure shall terminate if Party A shall not have been provided with cash collateral, one or more letters of credit or any combination thereof (in the case of any letter of credit, in form and substance reasonably satisfactory to Party A) in an aggregate amount equal to or greater than 110% of Party A’s Incremental Exposure at such time to secure Party B's obligations under the Agreement, such termination to be effective on the second business day following receipt of Party A's first notice of the amount of such Incremental Exposure and thereafter on the business day immediately following receipt of Party A's notice of the amount of such Incremental Exposure.
Financing Consent. Party A also hereby consents to the assignment of this Agreement (and the rights and obligations of Party B hereunder) pursuant to the First Lien Collateral Documents, the Second Lien Collateral Documents and the Third Lien Collateral Documents to the agent of the holders of the related secured obligations. If requested by Party B, Party A shall execute and deliver on the closing date under the Senior Credit Facilities a consent agreement with the trustee or administrative agent of the lenders under the Senior Credit Facilities in commercially reasonable form in which Party A consents to the collateral assignment of the Agreement (the “Consent”); provided, however, that in no event will the forebearance or standstill period under such Consent (the period between (a) the effective date of notice from Party A to the trustee or administrative agent that an Event of Default, Termination Event or Additional Termination Event has occurred with respect to Party B or that Party A otherwise has the right to terminate the Agreement, and (b) the date on which an Early Termination Date is designated) be greater than: (i) in the case of termination due to an event described in Section 5(a)(vii) of the ISDA Form (Party B’s bankruptcy), zero (-0-) days; (ii) in the case of a termination due to an event described in Section 5(a)(i) of the ISDA Form (Party B’s non-payment), thirty (30) days; (iii) in the case of a termination for any other reason, one-hundred and eighty (180) days.
Financing Consent. In good faith, Landlord agrees that it will execute any ----------------- and all bank consent letters and similar documents required by Tenant's financing institutions, subject to the review and approval of Landlord's legal and real estate departments.