Common use of Approval of AIV Borrower or Parallel Fund Borrower Clause in Contracts

Approval of AIV Borrower or Parallel Fund Borrower. In order for an entity to be approved as an AIV Borrower or a Parallel Fund Borrower, as applicable, (i) the Borrowers must obtain the written consent of each Lender, in its sole discretion; (ii) such entity shall be either an Alternative Investment Vehicle or a Parallel Investment Vehicle, as applicable, of a Borrower; (iii) the provisions of this Section 6.4 shall be satisfied and (iv) the Administrative Agent and the Lenders shall agree with the Borrowers on an acceptable amendment to the structure of the Credit Facility to accommodate the new Borrower on a several liability basis;

Approval of AIV Borrower or Parallel Fund Borrower. In order for an entity to be approved as an AIV Borrower or a Parallel Fund Borrower, as applicable, (i) the Borrowers must obtain the written consent of each Lender, in its sole discretion; (ii) such entity shall be either an Alternative Investment Vehicle or a Parallel Investment Vehicle, as applicable, of a BorrowerBorrower or the applicable Feeder Fund; (iii) the provisions of this Section 6.4 shall be satisfied and (iv) the Administrative Agent Bank and the Lenders shall agree with the Borrowers on an acceptable amendment to the structure of the Credit Facility to accommodate the new Borrower on a several liability basis;