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Common use of Sole and Absolute Discretion Clause in Contracts

Sole and Absolute Discretion. Any option, consent, approval, discretion or similar right of Lender set forth in this Note may be exercised by Lender in its reasonable discretion, unless the provisions of this Note or another Loan Document specifically require another standard.

Appears in 2 contracts

Sources: Mezzanine Promissory Note (Behringer Harvard Opportunity REIT I, Inc.), Mezzanine Promissory Note (Behringer Harvard Opportunity REIT I, Inc.)

Related Clauses

  • District’s Sole Discretion
  • Sole Discretion of Lender
  • Duties of Custodian with Respect to the Books of Account and Calculation of Net Asset Value and Net Income
  • Limitation of responsibility of Existing Lenders
  • Timing of Reimbursements and In-kind Benefits

Parent Clauses

  • Miscellaneous
  • Continuing Effect
  • Miscellaneous Provisions
  • Management of the Company
  • General Provisions

Sub-Clauses

  • Borrower’s Recourse Liabilities
  • Use of Information
  • Borrower’s Obligations Regarding Disclosure Documents
  • Severance of Loan
  • Borrower Indemnity Regarding Filings
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