Consent Payment definition

Consent Payment means an amount in cash equal to $5.00 for each $1,000 principal amount of Existing Notes held by the holder that are accepted in this Offer that we will pay each holder that validly consents to the Proposed Amendments on or prior to the Consent Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Consent Payment has the meaning set forth in Section 2.11(e).

Consent Payment means an amount set forth in an Officer's Certificate of Edison Mission Holdings Co. delivered to the Owner Lessor or such other party as the Owner Lessor may instruct on the Closing Date, which amount shall be equal to the Owner Lessor's Percentage of that total sum sufficient to make the consent payment required in connection with the Consent Solicitation Statement of Edison Mission Holdings Co. and the Facility Lessee, dated November 16, 2001.

Examples of Consent Payment in a sentence

• The Amendments set forth in Article Two hereof will only become operative concurrently with the acceptance for payment of Securities validly tendered and not withdrawn at or prior to the Consent Payment Deadline (as defined in the Statement) pursuant to the Offer therefor.

• If the Trustee receives written notice from the Issuers that the Consent Payment has not been made in accordance with the terms of the Offering Memorandum, this Seventh Supplemental Indenture shall terminate immediately without any amendments contained in Section 4 hereof becoming or remaining operative, as applicable, and without the need for further action hereunder or thereunder.

• Notwithstanding the foregoing sentence, the Amendments shall become operative only upon the payment of the Consent Payment (as defined in the Consent Solicitation Statement).

• The Issuers shall notify the Trustee promptly after the Consent Payment is paid or if the Issuers shall determine not to pay the Consent Payment.

• If the Issuers elect to pay the Consent Payment, they shall furnish to the Trustee an Officer’s Certificate certifying that the Amendments are operative upon such payment.

More Definitions of Consent Payment

Consent Payment means the cash payment to be made on the Consent Payment Date to the Trustee for the benefit of the Record Holders who consent to the proposed Waiver on or prior to the Consent Date and do not withdraw such consent prior to the Effective Time in the amount, and on the terms and subject to the conditions, specified in the Consent Solicitation Statement.

Consent Payment means an amount set forth in an Officer's Certificate of Edison Mission Holdings Co. delivered to the Owner Lessor or such other party as the Owner Lessor may instruct on the Closing Date, which amount shall be equal to the Owner Lessor's Percentage of that total sum sufficient to make the consent payment required in connection with the Consent Solicitation Statement of Edison Mission Holdings Co. and the Facility Lessee, dated November [9], 2001.

Consent Payment. EEP" "EEP Partnership Interest" "Enterprises Guaranty" "Existing Subsidiary" "FCC Permits" "Investment" "Maxcell" "PP&E Amount" "Restaurants Business" "Restaurants Notes" "Restaurants Notes Indenture" "Restricted Payment" "Tender Offer" "TPI Entertainment"

Consent Payment means the payment defined as such with respect to the Securities in the Offer to Purchase.

Consent Payment. A Consent Payment in cash equal to $25.00 per $1,000 principal amount of Notes for which consents have been validly delivered. Conditions to the Offers The Offers shall be conditioned upon:

Consent Payment and together with the Tender Offer Consideration, the “Total Consideration”);

Consent Payment has the meaning set forth in the Consent Solicitation Statement.