Common use of Consent to Distributions Clause in Contracts

Consent to Distributions. Notwithstanding any other provision of ------------------------ the Agreement to the contrary, no distribution of the Escrowed Funds or VDC Shares shall be made under this Agreement or otherwise, unless the Escrow Agent has the written consent of Buyer, Debtor and the Committee to any such proposed distribution, which consent shall not be unreasonably withheld.

Appears in 2 contracts

Sources: Escrow Agreement (Portacom Wireless Inc/), Escrow Agreement (Portacom Wireless Inc/)

Consent to Distributions. Notwithstanding any other provision of ------------------------ the Agreement to the contrary, no distribution of the Escrowed Funds or VDC Shares shall be made under this Agreement or otherwise, unless the Escrow Agent has the written consent of Buyer, Debtor and the Committee to any such proposed distribution, which consent shall not be unreasonably withheld.

Appears in 1 contract

Sources: Escrow Agreement (VDC Corp LTD)