Lender Condition definition

Lender Condition has the meaning given to it in Section 2.4(b).
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Lender Condition means with respect to any action taken at any time while any Obligation is outstanding that the Lender shall have consented in writing prior to the taking of such action.
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Examples of Lender Condition in a sentence

  • Upon request, and in any event at least 15 days prior to the Financial Close Target Date, Project Co shall provide a written report to Owner detailing the status of the progress in satisfying the Lender Condition.

  • Project Co will use diligent efforts to cause the Lender Condition to be satisfied and shall keep Owner advised of the status of such efforts.

  • Upon request, and in any event at least fifteen (15) days prior to the Financial Close Target Date, Project Co shall provide a written report to Hospital detailing the status of the progress in satisfying the Lender Condition.

  • Project Co will use diligent efforts to cause the Lender Condition to be satisfied, and shall keep Hospital advised of the status of such efforts.

  • One or more additional Members of the Company may be admitted to the Company with the written consent of the Member; provided, however, that, notwithstanding the foregoing, so long as any Obligation remains outstanding, no additional Member may be admitted to the Company unless the Lender Condition is satisfied.

  • Notwithstanding anything to the contrary in this Agreement, so long as any Obligation is outstanding, this Agreement may not be modified, altered, supplemented or amended unless the Lender Condition is satisfied except: (i) to cure any ambiguity or (ii) to convert or supplement any provision in a manner consistent with the intent of this Agreement and the Loan Documents.

  • The closing (the “Closing”) of the Transaction (hereinafter defined) contemplated by this Agreement shall take place on or before the date that is the later of (x) August 21, 2014 and (y) five (5) Business Days after satisfaction of the Lender Condition, or on such earlier date as may be conveyed by Purchaser to Seller upon no less than five (5) Business Days prior written notice (the “Closing Date”), in each case, subject to satisfaction or waiver of the applicable conditions set forth in Article 11.

  • So long as any Obligation is outstanding, the Member may not resign, except as permitted under the Loan Documents and if the Lender Condition is satisfied.

  • Subject, in the case of Lessee, to the satisfaction of the Lessee’s Board Condition, and in the case of Lessor, to the Lessor’s Lender Condition, Lessor and Lessee each hereby represent and warrant that the individuals signing on its behalf are duly authorized to execute and deliver this Lease in their respective capacities, and that this Lease is binding upon the entity for which it has been executed.