Common use of 3Consents and Approvals Clause in Contracts

3Consents and Approvals. Except as shall have been satisfied prior to the Closing Date, no consent, waiver, approval or authorization of any third party or governmental authority or agency is required to be obtained by the Contributor in connection with the execution, delivery and performance of the Agreement and the transactions contemplated hereby, except for those consents, waivers, approvals or authorizations, the failure of which to obtain would not have a material adverse effect on the assets, business, financial condition and results of operation of the Property, taken as a whole (a “Material Adverse Effect”).

Appears in 12 contracts

Samples: Contribution Agreement (Lodging Fund REIT III, Inc.), Contribution Agreement (Lodging Fund REIT III, Inc.), Contribution Agreement (Lodging Fund REIT III, Inc.)

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3Consents and Approvals. Except as shall have been satisfied prior to the Closing DateDate and as set forth in Schedule 3.2.3 to the Disclosure Schedule, no consent, waiver, approval or authorization of any third party or governmental authority or agency Governmental Entity is required to be obtained by the Contributor in connection with the execution, delivery and performance of the this Agreement and the transactions contemplated hereby, except for those consents, waivers, approvals or authorizations, the failure of which to obtain would not have a material adverse effect on the assets, business, financial condition and results of operation of the Property, taken as a whole (a “Material Adverse Effect”).

Appears in 2 contracts

Samples: Contribution Agreement (Medalist Diversified REIT, Inc.), Contribution Agreement (Medalist Diversified REIT, Inc.)

3Consents and Approvals. Except as shall have been satisfied prior to the Closing DateDate or as otherwise disclosed in the Disclosure Schedule, no consent, waiver, approval or authorization of any third party or governmental authority or agency is required to be obtained by the Contributor in connection with the execution, delivery and performance of the Agreement and the transactions contemplated hereby, except for those consents, waivers, approvals or authorizations, the failure of which to obtain would not have a material adverse effect on the assets, business, financial condition and results of operation of the Property, taken as a whole (a “Material Adverse Effect”).

Appears in 1 contract

Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)

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3Consents and Approvals. Except as shall have been satisfied prior to the Closing Date, no consent, waiver, approval or authorization of any third party or governmental authority or agency is required to be obtained by the Contributor in connection with the execution, delivery and performance of the Agreement and the transactions contemplated hereby, except for those consents, waivers, approvals or authorizations, the failure of which to obtain would not have a material adverse effect on the assets, business, financial condition and results of operation of the Property, taken as a whole (a “Material Adverse Effect”).. ​

Appears in 1 contract

Samples: Contribution Agreement (Lodging Fund REIT III, Inc.)

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