Approval of Lenders. (a) All communications from Administrative Agent to Lenders requesting Lenders’ determination, consent, approval, or disapproval (i) shall be given in the form of a written notice to each Lender, (ii) shall be accompanied by a description of the matter or thing as to which such determination, approval, consent, or disapproval is requested, or shall advise each Lender where such matter or thing may be inspected, or shall otherwise describe the matter or issue to be resolved, (iii) shall include, if reasonably requested by a Lender and to the extent not previously provided to such Lender, written materials and a summary of all oral information provided to Administrative Agent by Borrower in respect of the matter or issue to be resolved, and (iv) shall include Administrative Agent’s recommended course of action or determination in respect thereof. Each Lender shall reply promptly, but in any event within fifteen (15) Business Days (or such lesser period as may be required under the Loan Documents for Administrative Agent to respond) after receipt of the request therefor by Administrative Agent (in either event, the “Lender Reply Period”).
(b) Unless a Lender shall give written notice to Administrative Agent that it objects to the recommendation or determination of Administrative Agent (together with a written explanation of the reasons behind such objection) contained in a request described in clause (a) above that is marked “REQUEST FOR APPROVAL” within the Lender Reply Period, such Lender shall be deemed to have approved of or consented to such recommendation or determination.
Approval of Lenders. All communications from Administrative Agent to the Lenders requesting the Lenders' determination, consent, approval, or disapproval (i) shall be given in the form of a written notice to each Lender, (ii) shall be accompanied by a description of the matter or thing as to which such determination, approval, consent, or disapproval is requested, or shall advise each Lender where such matter or thing may be inspected, or shall otherwise describe the matter or issue to be resolved, (iii) shall include, if reasonably requested by a Lender and to the extent not previously provided to such Lender, written materials and a summary of all oral information provided to Administrative Agent by Borrower in respect of the matter or issue to be resolved, and (iv) shall include Administrative Agent's recommended course of action or determination in respect thereof. Each Lender shall reply promptly, but in any event (x) within thirty (30) days (or such lesser period as may be required under the Loan Documents for Administrative Agent to respond) for those matters requiring the consent by all Lenders, and (y) within fifteen (15) Business Days (or such lesser period as may be required under the Loan Documents for Administrative Agent to respond) for those matters requiring the consent by the Required Lenders, in each instance, after receipt of the request therefore by Administrative Agent (in either event, the "LENDER REPLY PERIOD").
Approval of Lenders. Buyer shall have obtained all necessary approvals of the Transactions from its lenders.
Approval of Lenders. In performing its functions under this Agreement and the Security Agreement, except as otherwise expressly provided herein, Agent shall have the authority (but not the obligation), on behalf of Lenders, to make any decision, to take any action or refrain from taking any action and to give any consent or waiver that it may deem advisable; provided, however, that the written approval of Lenders shall be required for any amendment, modification, termination or waiver of any provision of this Agreement, the Security Agreement, or the Notes, any release of Borrower of any of the Collateral, or any action or assertion of rights (or any rescission of any such action or assertion of rights) against Borrower or the Collateral upon the occurrence of an Event of Default.
Approval of Lenders. This Amendment shall be conditioned upon and shall not take effect until, the effective date of the consent of both Senior Lender and Mezzanine Lender (collectively, the "Lenders") to this Amendment on terms and conditions satisfactory to Landlord. The date of Lenders' written consent to this Amendment is referred to herein as the "Effective Date." Landlord shall immediately notify Tenant of the Effective Date, and shall deliver to Tenant a copy of Lenders' written consent to this Amendment. If Lenders have not approved this Amendment on terms and conditions satisfactory to Landlord on or before August 31, 2002, either party shall thereafter have the right to terminate this Amendment by giving written notice to the other party, and from and after the date of such termination, this Amendment shall be of no further force or effect.
Approval of Lenders. 26 6.13 NORTHEAST...........................................26 6.14 CONSENTS............................................26 6.15
Approval of Lenders. All approvals and consents required to be received from Castle Dental's lenders as a condition to funding the acquisition described herein shall have been received.
Approval of Lenders. This Agreement and the consummation of the transactions contemplated hereunder shall have been approved by the Parent’s lenders in accordance with the terms of the Parent’s existing credit agreement.
Approval of Lenders. Each Lender shall have approved in writing the sale of the applicable Property, except the Heron's Run Property (which is not financed) and Sakonnet Bay Manor (the Loan for which will be paid off at Closing) to Purchaser and/or Applicable Property Transferee, the Leases of the Properties back to the Tenants, Management Agreements with Manager and assumption by Purchaser and/or Applicable Property Transferee of the applicable Loan (each, a "Lender Consent") pursuant to applicable Assumption Documents.
Approval of Lenders. Subject to the provisions of the end of Section 4, each Lender shall have given a Lender Consent (except with respect to the Heron's Run Property and Sakonnet Bay Manor), which shall include (i) Lender's approval in writing of the sale of the applicable Property to the Applicable Property Transferee and assumption by the Applicable Property Transferee and/or Purchaser of the applicable Loan encumbering the applicable Property, and (ii) executed releases in form and substance reasonably satisfactory to the applicable Seller releasing the applicable Seller, its Representatives and any of Seller's Affiliates that may be obligated under any of the Loan Documents relating to the applicable Property, including any guaranty or indemnity, from any and all liability under or in respect of each Loan relating to the applicable Property from and after the Closing Date, and (iii) authorization of the return to the applicable Seller of all funds, letters of credit or other security held by or for the benefit of the applicable Lender under any reserve or escrow accounts (the nature and amount of any reserve/escrow balances required by Lenders and a list of any additional security required by Lenders is included in SCHEDULE G).
