Approval of Lender Sample Clauses
The 'Approval of Lender' clause establishes that certain actions, decisions, or changes within an agreement require the explicit consent of the lender before proceeding. In practice, this may apply to matters such as modifications to the terms of the loan, changes in project scope, or the assignment of rights and obligations to third parties. By requiring lender approval, this clause ensures that the lender maintains control over key aspects of the agreement, thereby protecting their interests and mitigating risks associated with unauthorized changes.
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Approval of Lender. This lease is subject to the approval of Landlord's lender, and Landlord and Tenant shall cooperate in amending this lease from time to time to include any provisions which any such lender may reasonably require, provided that any such amendment shall in no way affect the term or rent under this lease. Any failure by Tenant so to cooperate shall constitute a material default under this lease.
Approval of Lender. All legal and other matters incidental to the granting of each of the Credits shall be satisfactory to Lender.
Approval of Lender. This Agreement, and the obligations of the Partnerships arising herefrom, are subject to the consent of the lenders having a security interest in the Projects or any of them.
Approval of Lender. This Lease subject to approval by the permanent lender.
Approval of Lender. Seller hereby represents and warrants that ▇▇▇▇ Community Bank, successor by merger to VisionBank of Iowa (“Bank”), has approved (i) the transaction contemplated by the Agreement, as amended by this Amendment, and (ii) the terms and conditions of this Amendment, all as more particularly set forth in that certain letter from Bank dated October 19, 2010, a copy of which is attached hereto as Exhibit “A”.
Approval of Lender. The obligations of Lessee Group under this Agreement are subject to the consent and approval of fifty-one percent (51%) of the Lenders as named in that certain Credit Agreement dated February 12, 1997 by and among New GranCare, Inc., as Borrower, and First Union National Bank of North Carolina, as Adminstrative Agent, the Chase Manhanttan Bank, as Syndication Agent, and First Union National Bank of North Carolina, as L.C. Bank; provided that Lessee Group makes continuous and good faith efforts to obtain such approvals. 15 (continued)
Approval of Lender. Lender shall have approved in writing the sale of the Interests, the forms of the New Leases, the Florida Lease, the New Management Agreement and the Florida Management Agreement, and the assumption by Purchaser of each applicable Loan (each, a “Lender Consent”) pursuant to the applicable Assumption Documents (the “Loan Assumption Contingency”).
Approval of Lender. Except when otherwise specifically provided herein, in all circumstances under which Lender's approval, determination or acceptance is required by the terms hereof or pursuant to any Loan Document, such approval, determination or acceptance shall be in the sole discretion of Lender and Lender's decision with regard thereto shall be conclusively binding as long as Lender's action is in good faith, which shall be presumed.
Approval of Lender. Original Landlord has provided a loan to Landlord, which is secured by a deed of trust encumbering the Building for the benefit of Original Landlord. Pursuant to the terms of Landlord's agreement with Original Landlord, Original Landlord has the right to approve any modification of a lease of the Building. The effectiveness of this First Amendment is subject to the condition precedent that approval of Original Landlord is granted ("Original Landlord Approval"). Landlord hereby agrees to use commercially reasonable efforts to obtain Original Landlord Approval on or before June 23, 2003. If for any reason, Original Landlord Approval has not been obtained on or before June 23, 2003, then Tenant shall have the right to declare this First Amendment null and void, provided Tenant gives Landlord a cure period of seven (7) days after written notice during which Landlord may obtain the approval of Original Landlord, in which case this First Amendment shall continue in full force and effect. If for any reason, Original Landlord Approval has not been obtained on or before June 30, 2003, then Landlord shall have the right to declare this First Amendment null and void as of June 30, 2003, by written notice to Tenant, provided that prior to June 30, 2003, Landlord covenants to use commercially reasonable efforts to obtain the consent of Original Landlord, and if the consent of Original Landlord is obtained then this First Amendment shall continue in full force and effect.
Approval of Lender. All proceedings taken in connection with the transactions provided for herein, including all surveys, insurance policies, bonds, appraisals and documents required or contemplated by the Commitment Letter or this Agreement, and the persons responsible for the execution and preparation thereof, shall be reasonably satisfactory to Lender and Borrower shall promptly furnish to Lender's counsel copies of all documents which they may request in connection therewith.