Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the Property, which approval may be granted or withheld in Lender’s reasonable discretion.
Appears in 6 contracts
Samples: Loan Agreement (American Realty Capital New York City REIT, Inc.), Lease Agreement (American Realty Capital Hospitality Trust, Inc.), Loan Agreement (United Realty Trust Inc)
Approval of Major Contracts. To the extent Borrower has an approval right or if a Cash Trap Period has occurred and is continuing, Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the Property, which approval may be granted or withheld in Lender’s reasonable discretion.
Appears in 3 contracts
Samples: Loan Agreement (Moody National REIT I, Inc.), Loan Agreement (Moody National REIT I, Inc.), Loan Agreement (Moody National REIT I, Inc.)
Approval of Major Contracts. Borrower shall be required to obtain Lender’s 's prior written approval of any and all Major Contracts affecting the Property, which approval may be granted or withheld in Lender’s reasonable 's sole discretion.
Appears in 3 contracts
Samples: Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (Lodging Fund REIT III, Inc.), Loan Agreement (Bluerock Residential Growth REIT, Inc.)
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the Property, which approval may be granted or withheld in Lender’s reasonable sole discretion.
Appears in 3 contracts
Samples: Loan Agreement (Medalist Diversified REIT, Inc.), Loan Agreement, Loan Agreement (Carter Validus Mission Critical REIT, Inc.)
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the Property, which approval may shall not be granted or withheld in Lender’s reasonable discretionunreasonably withheld.
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement (Terra Tech Corp.), Loan Agreement (Terra Tech Corp.)
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the PropertyProperty or the Worldwide Plaza Amenities, which approval may be granted or withheld in Lender’s reasonable discretion (other than to the extent an Event of Default has occurred and is continuing, in which case Lender’s approval shall be in its sole discretion).
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (New York REIT, Inc.), Loan Agreement (New York REIT, Inc.)
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the Property, which approval may shall not, so long as no Event of Default has occurred and is continuing, be granted unreasonably withheld, conditioned or withheld in Lender’s reasonable discretiondelayed.
Appears in 2 contracts
Samples: Loan Agreement (NOVONIX LTD), Loan Agreement (NOVONIX LTD)
Approval of Major Contracts. Borrower Borrowers shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the any Property, which approval may shall not be granted unreasonably withheld, conditioned, or withheld in Lender’s reasonable discretiondelayed, so long as no Event of Default is continuing.
Appears in 1 contract
Samples: Loan Agreement (Generation Income Properties, Inc.)
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the each Property, which approval may be granted or withheld in Lender’s reasonable discretion.
Appears in 1 contract
Samples: Loan Agreement (Sun Communities Inc)
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the PropertyProperty or the Collateral, which approval may shall not be granted or withheld in Lender’s reasonable discretionunreasonably withheld. Borrower shall comply and, with respect to the Property, Borrower shall cause Mortgage Borrower and Manager to comply, with the Union Contract and all applicable labor and employment laws relating to employees and independent contractors.
Appears in 1 contract
Samples: First Mezzanine Loan Agreement (Clipper Realty Inc.)
Approval of Major Contracts. Borrower shall be required to obtain LenderXxxxxx’s prior written approval of any and all Major Contracts affecting the Property, which approval may be granted or withheld in LenderXxxxxx’s reasonable sole discretion.
Appears in 1 contract
Samples: Loan Agreement
Approval of Major Contracts. Borrower Borrowers shall be required to obtain Lender’s 's prior written approval of any and all Major Contracts affecting the PropertyProperties, which approval may be granted or withheld in Lender’s reasonable 's sole discretion.
Appears in 1 contract
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the Property, which approval may be granted or withheld in Lender’s reasonable sole but good faith discretion.
Appears in 1 contract
Approval of Major Contracts. Borrower shall be required to obtain Lender’s 's prior written approval of to any and all Major Contracts affecting the Property, which approval may be granted or withheld in Lender’s 's reasonable discretion.
Appears in 1 contract
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the Property, which approval may shall not be granted or withheld in Lender’s reasonable discretionunreasonably withheld. Borrower shall comply and, with respect to the Property, Borrower shall cause Manager to comply, with the Union Contract and all applicable labor and employment laws relating to employees and independent contractors.
Appears in 1 contract
Samples: Loan Agreement (Clipper Realty Inc.)
Approval of Major Contracts. Borrower shall be required to obtain Lender’s prior written approval of any and all Major Contracts affecting the PropertyProperty or the Collateral, which approval may be granted or withheld in Lender’s reasonable discretion.sole discretion.
Appears in 1 contract
Samples: Mezzanine Loan Agreement
