Required Consent definition

Required Consent means a consent by a Third Party that, if not obtained prior to the assignment of a Real Property Interest, Well or Easement, either (a) automatically voids or nullifies the applicable Assignment with respect to such Property or (b) automatically terminates, or permits a lessor to terminate (legally and pursuant to the express terms of the underlying lease), the 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 means, except as otherwise expressly provided in this Indenture with respect to matters requiring the consent of each holder of Securities affected thereby: (i) the consent of holders of not less than a majority in aggregate principal amount at Stated Maturity of the Securities for any action to (x) 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 (y) consent to or waive, on behalf of the holders of all the Securities, any past default and its consequences, and (ii) with respect to all other actions requiring the consent of holders of the Securities, the consent of either (x) a majority in aggregate principal amount at Stated Maturity of the Securities or (y) a majority in aggregate principal amount at Stated Maturity of (I) 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 and (V) any other issue of unsubordinated, unsecured notes issued by the Company, 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 the Securities with respect to such action.
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.

Examples of Required Consent in a sentence

Required Consent to and Notification of Code Section 83(b) Election.

If the Service Provider is unable to obtain a Required Consent, the Service Provider shall implement, subject to MCA's prior approval, alternative approaches as necessary to provide the Services without such Required Consents.

Required Consent: The applicant shall present the Planning and Zoning Department with written consent from at least 75% of the property owners (by area and number) within one thousand (1,000) feet of the site boundaries.

Purchaser shall not withhold entering into any such Required Consent (other than with respect to any of the Assigned Contracts set forth on Schedule 3.2(e)(i)) if the commercial terms offered by the applicable Third Party for such Required Consent are reasonable without material change to the terms of such Assigned Contract in place as of the date of this Agreement.

For each Required Consent, Schedule 2.1.6 specifies whether the Required Consent consists of an authorization, an approval, a consent, a registration, a filing or a notice.


More Definitions of Required Consent

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 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 means any Consent that, if not obtained by Closing, would, by the express terms of the applicable instrument or Contract (a) invalidate or terminate or give the holder of such Consent right the right to invalidate or terminate the conveyance of an Asset or (b) invalidate or terminate or give the holder of such Consent right the right to invalidate or terminate the underlying Asset, including any such restriction that by its express terms includes words such as or with similar effect as “the failure to obtain such Consent will void the assignment” or “the failure to obtain such Consent will void this lease”.
Required Consent means any consent or approval that is required to be applied for, or obtained by Law or under this Agreement to enable the Contractor to provide the Services in accordance with the terms of this Agreement.
Required Consent means each Consent set forth on Schedule 3.4(a).
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 a consent by a Third Party that must be obtained in order for (a) the Assignment with respect to a Property to be valid and not in violation of the terms of any applicable document or agreement; or (b) a Seller’s interest in the Property to remain in full force and effect; provided, however, “Required Consent” does not include any consent which by its terms cannot be unreasonably withheld or any Customary Post-Closing Consent.