Formal Objection definition

Formal Objection has the meaning specified in Section 10.20(b).
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Formal Objection means a written objection that:
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Formal Objection. As defined in Section 10.18.
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Examples of Formal Objection in a sentence

  • If the proposed budget is not approved, then the Master Property Manager, on the one hand and the Agent, the Valuation Agent and any Lenders submitting a Formal Objection, on the other hand, shall cooperate to prepare a proposed budget that is acceptable to the Valuation Agent.

  • No Initial Objection shall constitute a Formal Objection pursuant to which the Lenders exercise their objection rights granted by this Agreement until such time as such objection meets each of the requirements of a Formal Objection (including but not limited to being posted in a sub-folder designated for formal objections on a Data Site).

  • Upon receipt of such certification, the Agent may request additional detail from the Master Property Manager and, upon the Agent’s receipt of all requested detail, the Agent may approve (subject to the right of the Lenders to submit a Formal Objection within three (3) Business Days after notice of the Agent’s approval is posted to the Data Site by the Master Property Manager) or not approve such excess.

  • No Initial Objection shall constitute a Formal Objection pursuant to which the Lenders exercise their objection rights granted by this Agreement until such time as such objection meets each of the requirements of a Formal Objection (including but not limited to being posted in a sub-folder designated for formal objections on an internet data site to which all of the Lenders, the Borrower Representative and the Administrative Agent have access).

  • If the Master Property Manager, on the one hand and the Agent, the Valuation Agent and any Lenders submitting a Formal Objection, on the other hand are unable to agree on a budget, the Approved Budget for the next calendar year shall be the same as the most recent prior Approved Budget.

  • If the proposed budget is approved, then such proposed budget shall be the Approved Budget for the next calendar year, subject to the right of the Lenders to submit a Formal Objection within five (5) Business Days after the proposed Annual Budget is initially posted to the Data Site.

  • Upon the posting of an such Formal Objection, the Agent shall contact the objecting Lender and discuss such objecting Lender’s stated objections.

  • Any Formal Objection shall be deemed to be a denied consent until such time that it is approved by the Agent and the objecting Lender.

  • Deviations of this default may be agreed upon by the Project Participants, or in case a Formal Objection was received by the AC from a Project Participant prior to the planned release of that Software and the AC decides accordingly.

  • Notwithstanding anything to the contrary herein contained, the Agent shall have no duty or obligation to resolve any objection raised by any Lender or take or refrain from taking any action in connection with any such objection and no Formal Objection or action by the Agent, or failure by the Agent to act, in connection therewith shall constitute the basis, or any part thereof, for any determination by the Required Lenders to remove the Agent as Agent pursuant to the provisions of Section 9.8.


More Definitions of Formal Objection

Formal Objection. As defined in Section 10.18. GAAP: Generally accepted accounting principles in the United States of America, consistently applied and maintained on a consistent basis.
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Related to Formal Objection

  • Plan Objection Deadline means the date the Bankruptcy Court establishes as the deadline to File an objection to Confirmation of the Plan.

  • Notice of Objection has the meaning set forth in Section 2.4(c).

  • Claims Objection Bar Date means the deadline for objecting to a Claim, which shall be on the date that is the later of (a) 180 days after the Effective Date and (b) such other period of limitation as may be specifically fixed by the Debtors or the Reorganized Debtors, as applicable, or by an order of the Bankruptcy Court for objecting to Claims.

  • Claims Objection Deadline means the later of: (a) the date that is 180 days after the Effective Date; and (b) such other date as may be fixed by the Bankruptcy Court, after notice and hearing, upon a motion Filed before the expiration of the deadline to object to Claims or Interests.

  • Claim Objection Deadline means the first Business Day that is 180 days after the Effective Date, as may be extended by order of the Bankruptcy Court.