SUBMITTAL FOR CONSENT Clause Samples

The "Submittal for Consent" clause requires one party to formally present certain actions, documents, or decisions to another party for their approval before proceeding. In practice, this means that before undertaking specific activities—such as making changes to a project plan, hiring subcontractors, or altering key terms—the responsible party must submit relevant information or requests to the other party and await their consent. This clause ensures that both parties maintain oversight and control over significant decisions, thereby reducing the risk of unauthorized actions and promoting mutual agreement throughout the course of the contract.
SUBMITTAL FOR CONSENT. If FirstWorld desires to Transfer this Agreement, then unless Irvine's consent is not required hereunder for such Transfer, FirstWorld shall notify Irvine at least thirty (30) days in advance of the proposed Transfer and shall submit to Irvine concurrently with such notice: (a) the name and address of the proposed transferee, (b) financial statements for the proposed transferee, (c) a description of the proposed transferee's business experience in the telecommunications industry, (d) a copy of the proposed instrument effecting the Transfer and (e) such other information as Irvine may reasonably request in connection with its review of the proposed Transfer. Within thirty (30) days after Irvine's receipt of such information, Irvine may consent to the proposed Transfer or disapprove of the proposed Transfer. If Irvine disapproves of the proposed Transfer, Irvine's notice of disapproval shall specify its reasons for disapproving of the same. Any failure by Irvine to consent to or disapprove such Transfer within such thirty (30) day period shall be deemed to constitute Irvine's consent to such Transfer. FirstWorld acknowledges that this Agreement is being entered into by Irvine to provide telecommunications service to the Spectrum, and any Additional Areas, and that it shall be reasonable for Irvine to withhold its consent to a proposed Transfer if Irvine reasonably determines that the proposed transferee will be unable to provide such service at such level and quality as is then reasonably expected by occupants of Spectrum and any Additional Areas.
View SourceView Similar (4)

Related to SUBMITTAL FOR CONSENT

  • Request for Consent If Tenant seeks to make a Transfer, Tenant shall notify Landlord, in writing, and deliver to Landlord at least thirty (30) days (but not more than one hundred eighty (180) days) prior to the proposed commencement date of the Transfer (the “Proposed Effective Date”) the following information and documents (the “Tenant’s Notice”): (i) a description of the portion of the Premises to be transferred (the “Subject Space”); (ii) all of the terms of the proposed Transfer including without limitation, the Proposed Effective Date, the name and address of the proposed Transferee, and a copy of the existing or proposed assignment, sublease or other agreement governing the proposed Transfer; (iii) current financial statements of the proposed Transferee certified by an officer, member, partner or owner thereof, and any such other information as Landlord may then reasonably require, including without limitation, audited financial statements for the previous three (3) most recent consecutive fiscal years; (iv) the Transfer Plans and Specifications (defined below), if any; and (v) such other information as Landlord may then reasonably require. Tenant shall give Landlord the Tenant’s Notice by registered or certified mail addressed to Landlord at Landlord’s Address specified in the Basic Provisions. Within fifteen (15) business days after Landlord’s receipt of the Tenant’s Notice (the “Landlord Response Period”) Landlord shall notify Tenant, in writing, of its determination with respect to such requested proposed Transfer and the election to recapture as set forth below. If Landlord does not elect to recapture pursuant to the provisions hereof and Landlord does consent to the requested proposed Transfer, Tenant may thereafter assign its interests in and to this Lease or sublease all or a portion of the Premises to the same party and on the same terms as set forth in the Tenant’s Notice. If Landlord fails to respond to Tenant’s Notice within Landlord’s Response Period, then, after Tenant delivers to Landlord fifteen (15) business days written notice (the “Second Response Period”) and Landlord fails to respond thereto prior to the end of the Second Response Period, the proposed Transfer shall then be deemed approved by Landlord.

  • Payments for Consent The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any consideration to or for the benefit of any Holder of Notes for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration is offered to be paid and is paid to all Holders of the Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement.

  • Prior Consent You will not accept for payment by Card any amount representing a deposit or partial payment for goods or services to be delivered in the future without the prior written consent of Processor. The acceptance of a Card for payment or partial payment of goods or services to be delivered in the future without prior consent will be deemed to be a breach of this Agreement and cause for immediate termination in addition to any other remedies available under the Laws or Rules.

  • Payment for Consent Neither the Company nor any Affiliate of the Company shall, directly or indirectly, pay or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Securities unless such consideration is offered to be paid to all Holders that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement.

  • Waiver; Consent This Agreement may not be changed, amended, terminated, augmented, rescinded or discharged (other than in accordance with its terms), in whole or in part, except by a writing executed by the parties hereto. No waiver of any of the provisions or conditions of this Agreement or any of the rights of a party hereto shall be effective or binding unless such waiver shall be in writing and signed by the party claimed to have given or consented thereto. Except to the extent otherwise agreed in writing, no waiver of any term, condition or other provision of this Agreement, or any breach thereof shall be deemed to be a waiver of any other term, condition or provision or any breach thereof, or any subsequent breach of the same term, condition or provision, nor shall any forbearance to seek a remedy for any noncompliance or breach be deemed to be a waiver of a party’s rights and remedies with respect to such noncompliance or breach.