Approval of Lender. This lease is subject to the approval of Landlord's lender, and Landlord and Tenant shall cooperate in amending this lease from time to time to include any provisions which any such lender may reasonably require, provided that any such amendment shall in no way affect the term or rent under this lease. Any failure by Tenant so to cooperate shall constitute a material default under this lease.
Approval of Lender. All legal and other matters incidental to the granting of each of the Credits shall be satisfactory to Lender.
Approval of Lender. The terms and conditions of this Lease are subject to prior written approval of Landlord's mortgagee. Further, Landlord and Tenant shall not, without the prior written consent of Landlord's mortgagee, to the extent such consent is required under then existing loan documents, voluntarily by agreement terminate, cancel or surrender this Lease or any part thereof, except as provided herein, or modify this Lease or accept or pay rent of more than one month in advance of its due date.
Approval of Lender. The obligations of Lessee Group under this Agreement are subject to the consent and approval of fifty-one percent (51%) of the Lenders as named in that certain Credit Agreement dated February 12, 1997 by and among New GranCare, Inc., as Borrower, and First Union National Bank of North Carolina, as Adminstrative Agent, the Chase Manhanttan Bank, as Syndication Agent, and First Union National Bank of North Carolina, as L.C. Bank; provided that Lessee Group makes continuous and good faith efforts to obtain such approvals. 15 (continued)
Approval of Lender. This Lease Agreement is contingent upon the approval of any and all mortgagees and other lenders of Landlord. Landlord shall have thirty (30) days from the execution of this Lease Agreement to obtain all necessary approvals from its mortgagee and other lenders; and, thereafter, shall have the right to extend said approval period for an additional ten (10) days upon written notice to Tenant. If such approvals cannot be obtained within the aforesaid period, Landlord shall have the right, at its election, to terminate this Lease upon written notice to Tenant and shall refund any deposit paid pursuant to Subsection 5.2, and thereafter the rights and duties of the parties hereunder shall be null and void and be of no further force and effect.
Approval of Lender. The parties jointly shall have obtained the approval of Congress Financial Corporation to consummate the transactions contemplated by this Agreement, which approval is required pursuant to that certain Loan and Security Agreement dated August 13, 1996, as amended May 14, 1997, by and between Congress Financial Corporation and Target (the "Loan Agreement"), such approval to include a waiver of any defaults under the Loan Agreement or a modification of that financial covenants contained in the Loan Agreement such that Target would be in compliance thereunder following the Closing (the "Congress Approval").
Approval of Lender. The parties shall jointly have obtained the Congress Approval.
Approval of Lender. Original Landlord has provided a loan to Landlord, which is secured by a deed of trust encumbering the Building for the benefit of Original Landlord. Pursuant to the terms of Landlord's agreement with Original Landlord, Original Landlord has the right to approve any modification of a lease of the Building. The effectiveness of this First Amendment is subject to the condition precedent that approval of Original Landlord is granted ("Original Landlord Approval"). Landlord hereby agrees to use commercially reasonable efforts to obtain Original Landlord Approval on or before June 23, 2003. If for any reason, Original Landlord Approval has not been obtained on or before June 23, 2003, then Tenant shall have the right to declare this First Amendment null and void, provided Tenant gives Landlord a cure period of seven (7) days after written notice during which Landlord may obtain the approval of Original Landlord, in which case this First Amendment shall continue in full force and effect. If for any reason, Original Landlord Approval has not been obtained on or before June 30, 2003, then Landlord shall have the right to declare this First Amendment null and void as of June 30, 2003, by written notice to Tenant, provided that prior to June 30, 2003, Landlord covenants to use commercially reasonable efforts to obtain the consent of Original Landlord, and if the consent of Original Landlord is obtained then this First Amendment shall continue in full force and effect.
Approval of Lender. Seller hereby represents and warrants that Xxxx Community Bank, successor by merger to VisionBank of Iowa (“Bank”), has approved (i) the transaction contemplated by the Agreement, as amended by this Amendment, and (ii) the terms and conditions of this Amendment, all as more particularly set forth in that certain letter from Bank dated October 19, 2010, a copy of which is attached hereto as Exhibit “A”.
Approval of Lender. This Agreement, and the obligations of the Partnerships arising herefrom, are subject to the consent of the lenders having a security interest in the Projects or any of them.
