Non-Approving definition
Examples of Non-Approving in a sentence
In the event of an Approved Sale, the Partners who approved the Approved Sale (the “Approving Partners”) have the right to require each other Partner (the “Non-Approving Partners”) to transfer all Partnership Units then held by such Non-Approving Partner, free and clear of all liens, security interests or other restrictions of any kind, in accordance with this Section 11.6.
As of the Maturity Date then being extended, upon effectiveness of such extension, the Applicable Percentages of the Lenders shall be deemed modified as appropriate to reflect the expiration of the Commitment of any Non-Approving Lender with respect to such extension.
Such fee shall be paid by the Borrower to the Agent, for the account of the Tranche B2 Lenders or such Non-Approving Lenders, on the date of such Repricing Event.
If no assignment of a Non-Approving Lender's Commitment to an Eligible Assignee is executed by the 5th Business Day prior to its existing Scheduled Termination Date, the Scheduled Termination Date for all Lenders shall remain unchanged.
As of a given Extension Effective Date, the Commitments of the Lenders shall be deemed modified as appropriate to reflect the expiration of the Commitment of any Non-Approving Lender with respect to such extension.
Upon transfer of all the Non-Approving Lender's Loans and Commitment, the Non-Approving Lender shall cease to be deemed a 'Lender' for purposes of this Agreement, the Loans and Commitments of the Extending Lender shall be deemed to have increased by the amount of the Loans and Commitments acquired, if any, and the Replacement Extending Lender, if any, shall be deemed a Lender for all purposes of the Agreement.
If the Non-Approving Member exercises its right under clause (B) in the immediately preceding sentence, the Non-Approving Member may elect to purchase the Property, the membership interests in the Property Owner or the Recommending Member's interest in the LLC in its sole discretion.
Upon completion of the reviews, Sprint shall notify Amdocs in writing of Sprint's approval (an "Approving Notice") or non-approval (a "Non-Approving Notice") of the deliverable.
In the event any Lender does not (or is deemed to not) consent to an extension of the Termination Date then in effect with respect to such Lender (with respect to such extension, a "Non-Approving Lender"), such Lender's Commitment shall expire on the Termination Date then in effect with respect to such Lender and for all purposes of this Agreement "Termination Date" in respect of such Lender, the Loans made by it and any other amounts owing to such Lender hereunder shall mean such Termination Date.
In the event that Nextel does not send to Amdocs an Approving Notice or a Non-Approving Notice within [**] of delivery, the deliverable shall be deemed accepted.