Consents definition
Examples of Consents in a sentence
Seller shall use commercially reasonable efforts to seek to obtain the Lender Consents and Approvals on or before the Closing Date.
As such, and notwithstanding anything to the contrary contained within this Agreement, the obligation of Seller to close on the sale and purchase of the Property pursuant to this Agreement shall be and hereby is expressly conditioned upon Seller obtaining the prior written consent, approval and/or partial release from Seller’s lender(s) on or before the Closing Date (collectively, “Lender Consents and Approvals”).
No later than one Business Day prior to the Closing Date, Northern shall deliver to Earthstone, by wire transfer in immediately available funds to an account designated by Earthstone in writing, an amount equal to the difference between (i) the Northern Share of the Closing Payment, minus (ii) the Consents and Preferential Rights Adjustment (such amount, the “Northern Closing Payment”).
At the date of this Agreement, each Borrower is in compliance with Clauses 11.2 (Title and negative pledge), 11.4 (No other liabilities or obligations to be incurred), 11.9 (Consents) and 11.13 (Confirmation of no default).
Effective as of the original Execution Date, Schedule 8.4 (Consents) to the Purchase Agreement is hereby amended by deleting the contracts listed on Annex VIII.