Overriding restrictions. in all cases and at all times no Transfer shall be made to any of the following persons unless the prior written consent of the Company (which may be given, withheld, conditioned or delayed in its sole and absolute discretion and shall not, under any circumstances, be deemed given) is obtained: (1) an Industry Competitor; (2) a Defaulting Lender (or any person that would, upon becoming a Lender, be a Defaulting Lender) and/or a Non-Consenting Lender; (3) a Loan to Own/Distressed Investor (except if a Material Event of Default is continuing); (4) any Sanctioned Person (or any person that would, upon becoming a Lender, be a Sanctioned Person); or (5) in respect of a Transfer of any part of a Facility, a New Lender incorporated or acting through a Facility Office situated in a Non-Cooperative State. 115 Project Meria: Senior Facilties Agreement
Appears in 2 contracts
Sources: Senior Facilities Agreement (Atlas Investissement), Senior Facilities Agreement (Atlas Investissement)