Common use of Approval of Documents Prior to Closing Date Clause in Contracts

Approval of Documents Prior to Closing Date. Borrower has delivered to Lender (with copies to Lender's counsel), at least fifteen (15) Business Days prior to the Closing Date, and Lender has reviewed and approved, at least five (5) Business Days prior to the Closing Date, the form and content of all of the items specified in Subsection 4.1(d)(i) through (vi) below (the "Submissions"). Lender shall have the right to review and approve any changes to the form of any of the Submissions. If Lender disapproves of any changes to any of the Submissions, Lender shall have the right to require Borrower either to cure or correct the defect objected to by Lender or to elect not to fund the Loan or any Advance. Under no circumstances shall Lender's failure to approve or disapprove a change to any of the Submissions be deemed to be an approval of such Submissions. All of the Submissions were and shall be prepared at Borrower's sole cost and expense, unless expressly stated to be an obligation and expense of Lender. Lender shall have the right of prior approval of any Person responsible for preparing a Submission ("Preparer") and may disapprove any Preparer in its sole discretion, for any reason, including without limitation, that Lender believes that the experience, skill, reputation or other aspect of the Preparer is unsatisfactory in any respect. All Submissions required pursuant to this Agreement shall be addressed to Lender and include the following language: "THE UNDERSIGNED ACKNOWLEDGES THAT TEXTRON FINANCIAL CORPORATION IS RELYING ON THE WITHIN INFORMATION IN CONNECTION WITH ITS DETERMINATION TO MAKE A LOAN TO SILVERLEAF RESORTS, INC. IN CONNECTION WITH THE SUBJECT COLLATERAL."

Approval of Documents Prior to Closing Date. Borrower has delivered to Lender Agent (with copies to LenderAgent's counsel), at least fifteen (15) Business Days prior to the Closing Date, and Lender Agent has reviewed and approved, at least five (5) Business Days prior to the Closing Date, the form and content of all of the items specified in Subsection 4.1(d)(i) through (vi) below (the "Submissions"). Lender Agent shall have the right to review and approve any changes to the form of any of the Submissions. If Lender Agent disapproves of any changes to any of the Submissions, Lender Agent shall have the right to require Borrower either to cure or correct the defect objected to by Lender Agent or to elect not to fund the Loan or any Advance. Under no circumstances shall LenderAgent's failure to approve or disapprove a change to any of the Submissions be deemed to be an approval of such Submissions. All of the Submissions were and shall be prepared at Borrower's sole cost and expense, unless expressly stated to be an obligation and expense of LenderAgent. Lender Agent shall have the right of prior approval of any Person responsible for preparing a Submission ("Preparer") and may disapprove any Preparer in its sole discretion, for any reason, including without limitation, that Lender Agent believes that the experience, skill, reputation or other aspect of the Preparer is unsatisfactory in any respect. All Submissions required pursuant to this Agreement shall be addressed to Lender Agent and include the following language: "THE UNDERSIGNED ACKNOWLEDGES THAT TEXTRON FINANCIAL CORPORATION AS AGENT FOR EACH LENDER IS RELYING ON THE WITHIN INFORMATION IN CONNECTION WITH ITS DETERMINATION TO MAKE A LOAN TO SILVERLEAF RESORTS, INC. IN CONNECTION WITH THE SUBJECT COLLATERAL."

Approval of Documents Prior to Closing Date. Borrower has delivered to Lender Agent (with copies to Lender's Agent’s counsel), at least fifteen (15) Business Days prior to the Closing Date, and Lender Agent has reviewed and approved, at least five (5) Business Days prior to the Closing Date, the form and content of all of the items specified in Subsection Section 4.1(d)(i) through (vi) below (the "“Submissions"”). Lender Agent shall have the right to review and approve any changes to the form of any of the Submissions. If Lender Agent disapproves of any changes to any of the Submissions, Lender Agent shall have the right to require Borrower either to cure or correct the defect objected to by Lender Agent or to elect not to fund the Loan or any Advance. Under no circumstances shall Lender's Agent’s failure to approve or disapprove a change to any of the Submissions be deemed to be an approval of such Submissions. All of the Submissions were and shall be prepared at Borrower's ’s sole cost and expense, unless expressly stated to be an obligation and expense of LenderAgent. Lender Agent shall have the right of prior approval of any Person responsible for preparing a Submission ("“Preparer"”) and may disapprove any Preparer in its sole discretion, for any reason, including without limitation, that Lender Agent believes that the experience, skill, reputation or other aspect of the Preparer is unsatisfactory in any respect. All Submissions required pursuant to this Agreement shall be addressed to Lender Agent and include the following language: "“THE UNDERSIGNED ACKNOWLEDGES THAT TEXTRON FINANCIAL CORPORATION XXXXX FARGO FOOTHILL, INC., AS AGENT FOR EACH LENDER, IS RELYING ON THE WITHIN INFORMATION IN CONNECTION WITH ITS DETERMINATION TO MAKE A LOAN TO SILVERLEAF RESORTS, INC. IN CONNECTION WITH THE SUBJECT COLLATERAL."”

Approval of Documents Prior to Closing Date. Borrower has delivered to Lender (with copies to Lender's counsel), at least fifteen (15) Business Days prior to the Closing Date, and Lender has reviewed and approved, at least five (5) Business Days prior to the Closing Date, the form and content of all of the items specified in Subsection 4.1(d)(i4.1(c)(i) through (vixviii) below (the "Submissions"). Lender shall have the right to review and approve any changes to the form of any of the Submissions. If Lender disapproves of any changes to any of the Submissions, Lender shall have the right to require Borrower either to cure or correct the defect objected to by Lender or to elect not to fund the Loan or any Advance. Under no circumstances shall Lender's failure to approve or disapprove a change to any of the Submissions be deemed to be an approval of such Submissions. All of the Submissions were and shall be prepared at Borrower's sole cost and expense, unless expressly stated to be an obligation and expense of Lender. Lender shall have the right of prior approval of any Person responsible for preparing a Submission ("Preparer") and may disapprove any Preparer in its sole discretion, for any reason, including without limitation, that Lender believes that the experience, skill, reputation or other aspect of the Preparer is unsatisfactory in any respect. All Submissions required pursuant to this Agreement shall be addressed to Lender and include the following language: "THE UNDERSIGNED ACKNOWLEDGES THAT TEXTRON FINANCIAL CORPORATION IS RELYING ON THE WITHIN INFORMATION IN CONNECTION WITH ITS DETERMINATION TO MAKE A LOAN TO SILVERLEAF RESORTS, INC. IN CONNECTION WITH THE SUBJECT COLLATERAL."WITHIN

Approval of Documents Prior to Closing Date. Except as otherwise waived in writing by TFC in its sole and absolute discretion, Borrower has delivered to Lender TFC (with copies to LenderTFC's counsel), at least fifteen five (155) Business Days prior to the Closing Date, and Lender TFC has reviewed and approved, at least five (5) Business Days prior to the Closing Date, the form and content of all of the items specified in Subsection 4.1(d)(i) through (vixxvi) below (the "Submissions"). Lender TFC shall have the right to review and approve any changes to the form of any of the Submissions. If Lender TFC disapproves of any changes to any of the Submissions, Lender TFC shall have the right to require Borrower either to cure or correct the defect objected to by Lender TFC or to elect not to fund the Loan or any Advance. Under no circumstances shall LenderTFC's failure to approve or disapprove a change to any of the Submissions be deemed to be an approval of such Submissions. All of the Submissions were and shall be prepared at Borrower's sole cost and expense, unless expressly stated to be an obligation and expense of Lender. Lender TFC shall have the right of prior approval of any Person responsible for preparing a Submission ("Preparer") and may disapprove any Preparer in its sole discretion, for any reason, including without limitation, that Lender TFC believes that the experience, skill, reputation or other aspect of the Preparer is unsatisfactory in any respect. All Submissions required pursuant to this Agreement shall be addressed to Lender TFC and include the following language: "THE UNDERSIGNED ACKNOWLEDGES THAT TEXTRON FINANCIAL CORPORATION AS AGENT FOR EACH LENDER IS RELYING ON THE WITHIN INFORMATION IN CONNECTION WITH ITS DETERMINATION TO MAKE A LOAN TO SILVERLEAF RESORTSBLUEGREEN VACATIONS UNLIMITED, INC. ., IN CONNECTION WITH THE SUBJECT COLLATERAL."

Approval of Documents Prior to Closing Date. Borrower has delivered to Lender (with copies to Lender's counsel), at least fifteen (15) Business Days prior to the Closing Date, and Lender has reviewed and approved, at least five (5) Business Days prior to the Closing Date, the form and content of all of the items specified in Subsection Section 4.1(d)(i) through (vi) below (the "SubmissionsSUBMISSIONS"). Lender shall have the right to review and approve any changes to the form of any of the Submissions. If Lender disapproves of any changes to any of the Submissions, Lender shall have the right to require Borrower either to cure or correct the defect objected to by Lender or to elect not to fund the Loan or any Advance. Under no circumstances shall Lender's failure to approve or disapprove a change to any of the Submissions be deemed to be an approval of such Submissions. All of the Submissions were and shall be prepared at Borrower's sole cost and expense, unless expressly stated to be an obligation and expense of Lender. Lender shall have the right of prior approval of any Person responsible for preparing a Submission ("PreparerPREPARER") and may disapprove any Preparer in its sole discretion, for any reason, including without limitation, that Lender believes that the experience, skill, reputation or other aspect of the Preparer is unsatisfactory in any respect. All Submissions required pursuant to this Agreement shall be addressed to Lender and include the following language: "THE UNDERSIGNED ACKNOWLEDGES THAT TEXTRON FINANCIAL CORPORATION IS RELYING ON THE WITHIN INFORMATION IN CONNECTION WITH ITS DETERMINATION TO MAKE A LOAN TO SILVERLEAF RESORTS, INC. IN CONNECTION WITH THE SUBJECT COLLATERAL."