Consenting Party definition

Consenting Party means a Party who agrees to participate in and pay its share of the cost of an Exclusive Operation.

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Consenting Party has the meaning set forth in Section 11.1(a).

Consenting Party means: (a) the natural parent, adopted parent, or legal guardian of each student or former student who is under the age of 18 years; and, (b) each student or former student who has attained the age of 18 years. Where a student’s parents are divorced or legally separated, only the parent having legal custody shall be deemed to be the Consenting Party for purposes of this Agreement.

Examples of Consenting Party in a sentence

• In addition, subject to Section 9.3(b) and the immediately following paragraph, any applicable Consenting Party may direct the Special Servicer to take, or to refrain from taking, such other actions with respect to the Mortgage Loan as such Consenting Party may deem advisable or as to which provision is otherwise made herein.

• If the Special Servicer is or becomes a Borrower Restricted Party with respect to the Mortgage Loan, the Special Servicer shall immediately notify the Depositor, the Servicer, the Trustee, the Certificate Administrator, each applicable Consenting Party and each applicable Consulting Party of such disqualification and the Special Servicer shall resign from its obligations and duties hereby imposed on it.

• A Consenting Party shall have the right to appoint a successor Special Servicer that is a Qualified Replacement Special Servicer following any Special Servicer Termination Event.

More Definitions of Consenting Party

Consenting Party. Solely during a CCR Control Period, the Controlling Class Representative. For the avoidance of doubt, the Controlling Class Representative shall not be a Consenting Party (and there will be no Consenting Party) if and for so long as a CCR Control Termination Event is in effect. Notwithstanding the foregoing, no Consenting Party can be a Borrower Restricted Party.

Consenting Party or “Consenting Parties” is defined in Section 16.9(b).

Consenting Party means any Person whose consent or waiver is or may be required under any Contract in connection with the Transaction Documents or the consummation by either party of any of the transactions contemplated thereby.

Consenting Party. (i) prior to the occurrence and continuance of a Control Appraisal Period under the Co-Lender Agreement and solely during a CCR Control Period, the Controlling Class Representative; or (ii) during the occurrence and continuance of a Control Appraisal Period under the Co-Lender Agreement, the holder of Note A-1-1 or its representative. For the avoidance of doubt, the Controlling Class Representative shall not be a Consenting Party if and for so long as a CCR Control Termination Event is in effect or during the existence of a Control Appraisal Period. Notwithstanding the foregoing, no Consenting Party can be a Borrower Restricted Party.

Consenting Party has the meaning specified in Section 12.22.

Consenting Party shall have the meaning set forth in Section 2.03 of this Agreement.

Consenting Party shall have the meaning set forth in Section 2.04.