Negative Consent definition
Negative Consent shall have the meaning set forth in Section 5.3(a)(i).
Negative Consent has the meaning set forth in the Merger Agreement.
Negative Consent or “negative consent” means, with respect to any Client (or an investor or investors in a pooled investment vehicle that is a Client, as applicable) of a Mandate, that the Company provides a written notice (a “Consent Notice”) to the Client of such Mandate stating that such Client’s affirmative written consent with respect to the Transactions will be deemed to have been granted, including for purposes of the Advisers Act, if such Client (or an investor or investors in a pooled investment vehicle that is a Client, as applicable) has not objected in writing to the assignment of its Mandate or the Transactions by a date that is at least forty-five (45) days after the provision of the Consent Notice.
Examples of Negative Consent in a sentence
The Company shall, and shall cause its Subsidiaries to, as applicable, send a notice to each Client as promptly as reasonably practicable, and in any event within 25 Business Days of the date hereof, in form and substance reasonably satisfactory to Parent, informing each Client of the transactions contemplated by this Agreement and seeking such Client’s consent (including by means of Negative Consent, as applicable) as required by this Section 5.12.
More Definitions of Negative Consent
Negative Consent means, with respect to any GAAI Advisory Client who receives a Negative Consent Notice from Seller or GAAI, the failure of such GAAI Advisory Client to respond to such request within forty-five (45) days of mailing such notice, upon expiration of such forty-five (45) day period; provided that the applicable GAAI Advisory Client shall not have affirmatively stated to Seller or GAAI that it does not so consent and shall not have terminated or given notice of its intent to terminate its GAAI Advisory Client, to withdraw assets.
Negative Consent means consent by the required Member or Members evidenced by either affirmative consent or the failure to respond (or object) within the time specified by the Board of Directors in its sole discretion. The Board of Directors shall cause to be sent to each Member a copy of any amendment adopted pursuant to this Section 11.1.
Negative Consent means, in relation to an Extraordinary Resolution (other than an Extraordinary Resolution relating to a Basic Terms Modification, the waiver of any Note Event of Default, the acceleration of the Notes or the enforcement of the Issuer Security), or an Ordinary Resolution, the process whereby such Extraordinary Resolution or Ordinary Resolution shall be deemed to be duly passed and shall be binding on all of the Noteholders in accordance with its terms where:
Negative Consent means, with respect to any Client who receives a Client Consent Request and does not deliver a Client Consent to the Company, the failure of that Client within 60 days of its receipt of a Client Consent Request to notify or otherwise communicate to the Company or any of the Principals regarding its intention to terminate its business relationship with the Company or any of its Subsidiaries.