Conditional Approval Letter definition
Examples of Conditional Approval Letter in a sentence
Lender hereby confirms receipt of the deliverables required in connection with the Assumption of the Loan, the Qualified Preferred Equity Investment, the execution of the Operating Lease Agreements, and the execution of the Management Agreements, as such requirements are set forth in the Original Borrower’s Loan Documents and the Conditional Approval Letter.
The Second Investment shall not proceed unless it receives Shareholder Approval at a duly-called meeting of TransAtlantic Shareholders (the “Meeting”) in compliance with the directions of the TSX specified pursuant to the Conditional Approval Letter.
Riata has provided to the TSX all of the Personal Information Forms required pursuant to the Conditional Approval Letter and Riata’s nomination of a director pursuant to Section 6.1.
On or before the First Closing Date the approvals described in Section 4.1 shall have been obtained and the Conditional Approval Letter shall not have been amended in a manner that is materially adverse to TransAtlantic.
In the event of a conflict between this Conditional Approval Letter and the loan documents, the loan documents will control subject, however, to the right of the Bank to require that the terms of Conditional Approval Letter be complied with, in which event, the Conditional Approval Letter shall govern as to said terms so elected by the Bank.
In any litigation (including any arbitration or bankruptcy proceedings) arising from this Conditional Approval Letter or any loan document, the prevailing party shall be entitled to recover and receive its reasonable attorneys' fees and costs, including those for any appeal, and said amount shall be secured by the Collateral securing the Loan if a Loan Closing has been held.
The Toronto Stock Exchange has conditionally approved the listing of the Debenture Shares, subject to the Borrower fulfilling all of the requirements of such exchange, as set out in the correspondence of the Toronto Stock Exchange dated December 11, 2007 (the "Conditional Approval Letter").
Any modification of this Conditional Approval Letter or any part thereof shall only be valid and binding if in writing and executed by the Bank and the Borrower.
The Purchase shall not proceed unless both the Purchase and the Concurrent Financing receive Shareholder Approval at a duly-called meeting of TransAtlantic Shareholders (the “Meeting”) in compliance with the directions of the TSX specified pursuant to the Conditional Approval Letter and the requirements of MI 61-101.
On or before March 31, 1997, Borrower shall enter into the Inventory Finance Facility, which Inventory Finance Facility shall be on terms and conditions substantially as set forth in the Conditional Approval Letter.