Required Third Party Consent definition
Examples of Required Third Party Consent in a sentence
If ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ Partner mutually agree to pay a monetary consent fee to a Third Party to obtain a Required Third Party Consent from such Third Party, then Merger Partner and Remainco shall each pay fifty percent (50%) of such consent fee.
All of the consents, approvals, authorizations, licenses and waivers from non-Government Entities set forth on Schedule P (collectively, the “Stratex Required Third Party Consents”) shall have been obtained without the payment or provision of any material consideration by Stratex and/or its Subsidiaries and Stratex shall have provided reasonable evidence of such receipt of the Stratex Required Third Party Consent.
Notwithstanding anything in this Agreement to the contrary, neither Seller nor any of its Affiliates shall be required to compensate any third party, commence or participate in any Action or offer or grant any accommodation (financial or otherwise) to any third party to obtain any such Required Third Party Consent.
In the event that any third party from whom a Required Third Party Consent is required requires that its actual out-of-pocket costs be reimbursed as a condition to delivering its Required Third Party Consent, however, then the Seller Parties, on the one hand, and the Purchaser Parties, on the other hand, shall share such costs equally.
If R▇▇▇▇▇▇▇ and B▇▇▇▇ mutually agree to pay a monetary consent fee to a Third Party to obtain a Required Third Party Consent from such Third Party, then Buyer and Remainco shall each pay, or cause to be paid, fifty percent (50%) of such consent fee.
The Recipient shall use its commercially reasonable efforts to cooperate and provide such reasonable assistance as may be requested by the Administrator in obtaining any such Required Third Party Consents; provided that, the Administrator shall control all communications and negotiations with any third party from which a Required Third Party Consent is sought to be obtained.
If requested by the Purchaser Parties, a request for a Required Third Party Consent shall include a request to approve customary changes to the transfer provisions of the applicable agreements to permit certain direct or indirect interests in the applicable Purchaser Parties (or Equity Entities) as applicable the ownership structure of the applicable Purchaser Party acquiring the applicable Purchased Interest, Transferred Property or Purchased Commercial Loan, as applicable.
Each of the Seller Parties and Purchaser Parties shall have the right to participate in all material communications and discussions between Purchaser Parties or Seller Parties, as the case may be, and the applicable counterparty relating to obtaining the Required Third Party Consent and each of the Seller Parties and Purchaser Parties shall promptly provide copies of all communications received from such counterparty.
Upon obtaining the Required Third Party Consent such Purchased Asset shall be transferred and assigned to, and assumed by, Buyer hereunder.
The Administrator shall, or shall cause its applicable Affiliate to, use commercially reasonable efforts to obtain any Required Third Party Consent.