Common use of Approval of Eligible Asset Clause in Contracts

Approval of Eligible Asset. Conditioned upon the timely and satisfactory completion of Seller’s requirements in clauses (a) through (c) above, Buyer shall, no less than five (5) calendar days prior to the proposed Purchase Date (1) notify Seller in writing (which may take the form of electronic mail format) that Buyer has not approved the proposed Eligible Asset as a Purchased Asset or (2) notify Seller in writing (which may take the form of electronic mail format) that Buyer has approved the proposed Eligible Asset as a Purchased Asset. Buyer’s failure to respond to Seller on or prior to five (5) calendar days prior to the proposed Purchase Date, shall be deemed to be a denial of Seller’s request that Buyer approve the proposed Eligible Loan, unless Buyer and Seller has agreed otherwise in writing.

Approval of Eligible Asset. Conditioned upon the timely and satisfactory completion of Seller’s requirements in clauses paragraph (a) through (c1) above, Buyer Purchaser shall, no less than five (5) calendar days Business Days prior to the proposed Purchase Date (1i) notify Seller in writing (which may take the form of electronic mail format) that Buyer Purchaser has not approved the proposed Eligible Asset as a Purchased Asset or (2ii) notify Seller in writing (which may take the form of electronic mail format) that Buyer Purchaser has approved the proposed Eligible Asset as a Purchased Asset. BuyerPurchaser’s failure to respond to Seller on or prior to five (5) calendar days Business Days prior to the proposed Purchase Date, shall be deemed to be a denial of Seller’s request that Buyer Purchaser approve the proposed Eligible LoanAsset, unless Buyer Purchaser and Seller has agreed otherwise in writing.

Approval of Eligible Asset. Conditioned upon the timely and satisfactory completion of Seller’s requirements in clauses (a) through and (cb) above, Buyer shall, no less than five (5) calendar days prior to the proposed Purchase Date (1) notify Seller in writing (which may take the form of electronic mail format) that Buyer has not approved the proposed Eligible Asset as a Purchased Asset or (2) notify Seller in writing (which may take the form of electronic mail format) that Buyer has approved the proposed Eligible Asset as a Purchased Asset. Buyer’s failure to respond to Seller on or prior to five (5) calendar days prior to the proposed Purchase Date, shall be deemed to be a denial of Seller’s request that Buyer approve the proposed Eligible Loan, unless Buyer and Seller has agreed otherwise in writing.