Common use of Administrative Agent’s Discretion Clause in Contracts

Administrative Agent’s Discretion. Whenever pursuant to this Agreement, Administrative Agent exercises any right given to it to approve or disapprove, or any arrangement or term is to be satisfactory to Administrative Agent, the decision of Administrative Agent to approve or disapprove or to decide whether arrangements or terms are satisfactory or not satisfactory shall (except as is otherwise specifically herein provided) be in the sole discretion of Administrative Agent and shall be final and conclusive.

Appears in 7 contracts

Samples: Credit Agreement (STORE CAPITAL Corp), Loan and Security Agreement (NRI Real Token Inc.), Mezzanine Loan and Security Agreement (NRI Real Token Inc.)

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Administrative Agent’s Discretion. Whenever Whenever, pursuant to this AgreementSecurity Instrument or any of the other Loan Documents, Administrative Agent exercises any right given to it to approve or disapprove, or any arrangement or term is to be satisfactory or acceptable to Administrative Agent, or Administrative Agent exercises any right to grant or withhold consent, or Administrative Agent exercises its discretion in making any decision, the decision of Administrative Agent to approve or disapprove or to decide whether arrangements or terms are satisfactory or not satisfactory shall (will, except as is otherwise specifically herein provided) , be in the sole and absolute discretion of Administrative Agent and shall will be final and conclusive.

Appears in 4 contracts

Samples: Construction Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (KBS Real Estate Investment Trust III, Inc.), Deed to Secure Debt, Assignment of Leases and Rents, Security Agreement and Fixture Filing (KBS Real Estate Investment Trust III, Inc.), Deed of Trust (KBS Real Estate Investment Trust III, Inc.)

Administrative Agent’s Discretion. Whenever pursuant to this Agreement, Agreement Administrative Agent exercises any right given to it to approve or disapprove, or any arrangement or term is to be satisfactory to Administrative Agent, the decision of Administrative Agent to approve or disapprove or to decide whether arrangements or terms are satisfactory or not satisfactory shall (shall, except as is otherwise specifically herein provided) provided herein, and provided no Default or Event of Default then exists, be in the sole reasonable discretion of Administrative Agent and shall be final and conclusiveAgent.

Appears in 3 contracts

Samples: Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Postal Realty Trust, Inc.)

Administrative Agent’s Discretion. Whenever pursuant to this Agreement, Agreement Administrative Agent exercises any right given to it to approve or disapprovedisapprove any matter, or any arrangement or term is to be satisfactory to Administrative Agent, the decision of Administrative Agent to approve or disapprove such matter or to decide whether arrangements or terms are satisfactory or not satisfactory shall (except as is otherwise specifically herein provided) be in the sole discretion of Administrative Agent and shall be final and conclusive.

Appears in 1 contract

Samples: Loan Agreement (Front Yard Residential Corp)

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Administrative Agent’s Discretion. Whenever pursuant to this Agreement, Agreement Administrative Agent exercises any right given to it to approve or disapprove, or any arrangement or term is to be satisfactory to Administrative Agent, the decision of Administrative Agent to approve or disapprove or to decide whether arrangements or terms are satisfactory or not satisfactory shall (except as is otherwise specifically herein provided) be in the sole and absolute discretion of Administrative Agent and shall be final and conclusive, except as may be specifically provided in this Agreement.

Appears in 1 contract

Samples: Facility Loan Program Agreement and Security Agreement (Seven Hills Realty Trust)

Administrative Agent’s Discretion. Whenever pursuant to this Agreement, Agreement Administrative Agent exercises any right given to it to approve or disapprove, or any arrangement or term is to be satisfactory to Administrative Agent, the decision of Administrative Agent to approve or disapprove or to decide whether arrangements or terms are satisfactory or not satisfactory shall (except as is otherwise specifically herein provided) be in the sole and absolute discretion of Administrative Agent exercised in good faith and shall be final and conclusive.

Appears in 1 contract

Samples: Facility Loan Program Agreement and Security Agreement (Seven Hills Realty Trust)

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