Required Consent definition

Required Consent means, except as otherwise expressly provided in this Indenture with respect to matters requiring the consent of each holder of any series of the Securities affected thereby: (1) the consent of holders of not less than a majority in aggregate principal amount at Stated Maturity of that series of the Securities for any action to (a) direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any power conferred upon such Trustee, or (b) consent to or waive, on behalf of the holders of all the Securities of that series, any past default and its consequences; and (2) with respect to all other actions requiring the consent of holders of that series of the Securities, the consent of either (a) a majority in aggregate principal amount at Stated Maturity of that series of the Securities or (b) a majority in aggregate principal amount at Stated Maturity of (i) that series of the Securities, (ii) the September Notes, if the holders of the September Notes are being requested to consent to such action with respect to the terms of the September Notes or the September Indenture, (iii) the October Notes, if the holders of the October Notes are being requested to consent to such action with respect to the terms of the October Notes or the October Indenture, (iv) the February Notes, if the holders of the February Notes are being requested to consent to such action with respect to the terms of the February Notes or the February Indenture, (v) the November 1998 Notes, if the holders of the November 1998 Notes are being requested to consent to such action with respect to the terms of the November 1998 Notes or the November 1998 Indenture, (vi) the November 1999 Notes, if the holders of the November 1999 Notes are being requested to consent to such action with respect to the terms of the November 1999 Notes or the November 1999 Indenture, (vii) the January Notes, if the holders of the January Notes are being requested to consent to such action with respect to the terms of the January Notes or the January Indenture and (viii) any other issue or series of unsubordinated, unsecured notes issued by the Company (including any other series of the Securities), if such notes or the indenture pursuant to which such notes were issued both (A) require the consent of the holders of such notes to such action and (B) provide that the holders thereof will vote with the holders of that series of the Securities with respect to such act...
Required Consent means, except as otherwise expressly provided in this Indenture with respect to matters requiring the consent of each holder of Securities affected thereby, the consent of holders of not less than a majority in aggregate principal amount at Stated Maturity of the Securities.
Required Consent has the meaning set forth in Section 3.3(b).

Examples of Required Consent in a sentence

  • During the period from the Closing until the day prior to final settlement required in accordance with Section 3.4 (the “ Post-Closing Period”), Seller and Buyer shall use their commercially reasonable efforts (but without any obligation to pay any amounts to any Third Party), and cooperate with each other, to obtain the Required Consent relating to each Restricted Contract as quickly as practicable.

  • Notwithstanding anything in this Agreement to the contrary, neither Party shall be obligated to make any payments to any Third Party holder of any Required Consent or incur any other material burden in order to comply with the requirements set forth in this Section 5.5 and the failure to obtain any such Required Consent shall not be deemed a breach of any covenant or condition of any Party hereunder.


More Definitions of Required Consent

Required Consent is defined in Section 3.04 of this Agreement.
Required Consent means any consent under an Assumed Contract required so that the execution, delivery and/or performance by the Company of this Agreement, the consummation of the transactions contemplated by this Agreement, and the assumption and/or continued enforcement thereof by the Company or a subsidiary or any of the Reorganized Debtors will not result in any breach of or constitute a default (or an event which with or without notice or lapse of time or both would become a default) under, or give to others any right of termination, amendment, acceleration or cancellation of, such Assumed Contract, or result in the creation of an Encumbrance, other than a Permitted Encumbrance, on any property or asset of the Company or any subsidiary except where the failure to obtain any such consent or consents would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. For all purposes of this Agreement, the Company or any subsidiary shall be deemed to have obtained a Required Consent if, and to the extent that, pursuant to the Plan, the Confirmation Order and/or the Assumption Orders the Company (or the applicable subsidiary) is authorized to assume the Assumed Contracts pursuant to section 365 of the Bankruptcy Code.
Required Consent will have the meaning set forth in Section 8.2(b).
Required Consent means a consent by a third party that, if not obtained prior to the assignment of a Real Property Interest or Well, either (a) automatically voids or nullifies the Assignment with respect to such Property or gives the lessor the express right to void the Assignment or (b) terminates (or gives the holder thereof the express right to terminate) a Seller’s interest in the Property subject to such consent; provided, however, “Required Consent” does not include any consent which by its terms cannot be unreasonably withheld or any Customary Post-Closing Consent.
Required Consent has the meaning set forth in Section 4.4.
Required Consent means the informed consent of a substantial proportion of the members of the relevant licensing body who vote on the proposal;
Required Consent means, with respect to the Acquired Assets listed in Section 7.01 of the Disclosure Schedule, the consent, approval, permission, amendment or waiver by a party or parties thereto that is required in order to effect the transfer to, and assumption by, Buyer of such Acquired Assets.