Common use of Requisite Lenders’ Consent Clause in Contracts

Requisite Lenders’ Consent. Subject to the additional requirements of Sections 10.5(b) and 10.5(c) or as otherwise provided in this Agreement, no amendment, modification, termination or waiver of any provision of the Loan Documents, or consent to any departure by any Borrower therefrom, shall in any event be effective unless in writing signed by the Requisite Lenders and the Borrower and acknowledged by Administrative Agent; provided that Administrative Agent may, with the consent of the Borrower (and without any requirement for consent from any other Person), amend, modify, or supplement this Agreement or any other Loan Document to cure any obvious typographical error, incorrect cross-reference, defect in form, inconsistency, omission or ambiguity (in each case, as concluded by Administrative Agent in its sole discretion), so long as the Lenders and the Borrower have received at least five (5) Business Days’ prior written notice thereof and Administrative Agent has not received, within five (5) Business Days after delivery of such notice, a written notice from Requisite Lenders and the Borrower stating that the Requisite Lenders and the Borrower object to such amendment.

Appears in 2 contracts

Samples: Restructuring Support Agreement (Hospitality Investors Trust, Inc.), Dip Credit Agreement (Hospitality Investors Trust, Inc.)

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Requisite Lenders’ Consent. Subject to the additional requirements of Sections 10.5(b‎10.5(b) and 10.5(c‎10.5(c) or as otherwise provided in this Agreement, no amendment, modification, termination or waiver of any provision of the Loan Documents, or consent to any departure by any Borrower therefrom, shall in any event be effective unless in writing signed by the Requisite Lenders and the Borrower and acknowledged by Administrative Agent; provided that Administrative Agent may, with the consent of the Borrower (and without any requirement for consent from any other Person), amend, modify, or supplement this Agreement or any other Loan Document to cure any obvious typographical error, incorrect cross-reference, defect in form, inconsistency, omission or ambiguity (in each case, as concluded by Administrative Agent in its sole discretion), so long as the Lenders and the Borrower have received at least five (5) Business Days’ prior written notice thereof and Administrative Agent has not received, within five (5) Business Days after delivery of such notice, a written notice from Requisite Lenders and the Borrower stating that the Requisite Lenders and the Borrower object to such amendment.

Appears in 1 contract

Samples: Credit Agreement (Hospitality Investors Trust, Inc.)

Requisite Lenders’ Consent. Subject to the additional requirements of Sections 10.5(b) and 10.5(c) or and except as otherwise provided in this AgreementSection 2.17, no amendment, modification, termination or waiver of any provision of the Loan DocumentsCredit Documents (excluding the Fee Letter), or consent to any departure by any Borrower Credit Party therefrom, shall in any event be effective unless in writing signed by without the written concurrence of Administrative Agent and the Requisite Lenders and the Borrower and acknowledged by Administrative AgentLenders; provided that Administrative Agent may, with the consent of the Borrower Company (and without any requirement for consent from any other Person), amend, modify, or supplement this Agreement or any other Loan Credit Document to cure any obvious typographical error, incorrect cross-reference, defect in form, inconsistency, omission or ambiguity (in each case, as concluded by Administrative Agent in its sole discretion), so long as the Lenders and the Borrower Issuing Bank have received at least five (5) Business Days’ prior written notice thereof and Administrative Agent has not received, within five (5) Business Days after delivery of such notice, a written notice from Requisite Lenders and the Borrower stating that the Requisite Lenders and the Borrower (and, if such amendment, modification, or supplement directly affects any right or obligation of Issuing Bank, Issuing Bank) object to such amendment.. 162

Appears in 1 contract

Samples: Credit and Guaranty Agreement (ONE Group Hospitality, Inc.)

Requisite Lenders’ Consent. Subject to the additional requirements of Sections 10.5(b) and 10.5(c) or and except as otherwise provided in this Agreementclauses (i) or (ii) of Section 2.17(a), no amendment, modification, termination or waiver of any provision of the Loan Credit Documents, or consent to any departure by any Borrower Credit Party therefrom, shall in any event be effective unless in writing signed by without the written concurrence of Administrative Agent and the Requisite Lenders and the Borrower and acknowledged by Administrative AgentLenders; provided that Administrative Agent may, with the consent of the Borrower Company (and without any requirement for consent from any other Person), amend, modify, or supplement this Agreement or any other Loan Credit Document to cure any obvious typographical error, incorrect cross-reference, defect in form, inconsistency, omission or ambiguity (in each case, as concluded by Administrative Agent in its sole discretion), so long as the Lenders and the Borrower have received at least five (5) Business Days’ prior written notice thereof and Administrative Agent has not received, within five (5) Business Days after delivery of such notice, a written notice from Requisite Lenders and the Borrower stating that the Requisite Lenders and the Borrower object to such amendment.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Veritone, Inc.)

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Requisite Lenders’ Consent. Subject to Section 5.16 and the additional requirements of Sections 10.5(b) and 10.5(c) or as otherwise provided in this Agreement), no amendment, modification, termination or waiver of any provision of the Loan DocumentsCredit Documents (excluding the Fee Letter), or consent to any departure by any Borrower Credit Party therefrom, shall in any event be effective unless in writing signed by without the written concurrence of Administrative Agent and the Requisite Lenders and the Borrower and acknowledged by Administrative AgentLenders; provided that Administrative Agent may, with the consent of the Borrower Company (and without any requirement for consent from any other Person), amend, modify, or supplement this Agreement or any other Loan Credit Document to cure any obvious typographical error, incorrect cross-reference, defect in form, inconsistency, omission or ambiguity (in each case, as concluded by Administrative Agent in its sole discretion), so long as the Lenders and the Borrower have WEIL:\96958663\10\71605.0155 received at least five (5) Business Days’ prior written notice thereof and Administrative Agent has not received, within five (5) Business Days after delivery of such notice, a written notice from Requisite Lenders and the Borrower stating that the Requisite Lenders and the Borrower object to such amendment.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (REVA Medical, Inc.)

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