Common use of Consents to Summit Contracts Clause in Contracts

Consents to Summit Contracts. All consents, approvals or waivers, in form and substance reasonably satisfactory to UJB, required to be obtained in connection with the Merger from other parties to each mortgage, note, lease, permit, franchise, loan or other agreement, or other contract to which Summit or any of its subsidiaries is a party or by which they or any of their assets or properties may be bound or committed, which contract is material to the business, operations, assets, or financial condition of Summit and its subsidiaries on a consolidated basis, shall have been obtained.