Common use of Approval of Waivers Clause in Contracts

Approval of Waivers. Unless otherwise agreed by Lender, any modifications set forth in this Agreement and the other Loan Documents which are modifications to or waivers from the terms and conditions applicable to similar loans made by Lender and sold to Xxxxxx Xxx shall remain in effect with respect to a Mortgaged Property or an Advance only for so long as such Mortgaged Property and Advance are subject to this Agreement and such Borrower is controlled by Guarantor and is a party to this Agreement.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Newcastle Investment Corp), Master Credit Facility Agreement (Bre Properties Inc /Md/)

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Approval of Waivers. Unless otherwise agreed by Lender, any modifications set forth in this Agreement and the other Loan Documents which are modifications to or waivers from the terms and conditions applicable to similar loans made by Lender and sold to Xxxxxx Xxx Mae shall remain in effect with respect to a Mortgaged Property or an Advance only for so long as such Mortgaged Property and Advance are subject to this Agreement and such Borrower is controlled by Guarantor and is a party to this Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Colonial Realty Limited Partnership)

Approval of Waivers. Unless otherwise agreed by Lender, any modifications set forth in this Agreement and the other Loan Documents which are modifications to or waivers from the terms and conditions applicable to similar loans made by Lender and sold to Xxxxxx Xxx Fxxxxx Mae shall remain in effect with respect to a Mortgaged Property or an Advance only for so long as such Mortgaged Property and Advance are subject Borrower is controlled by Guarantor, Borrower is a party to this Agreement and such Borrower is controlled by Guarantor and is a party Loans are subject to this Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Emeritus Corp\wa\)

Approval of Waivers. Unless otherwise agreed by Lender, any modifications set forth in this Agreement and the other Loan Documents which are modifications to or waivers from the terms and conditions applicable to similar loans made purchased by Lender and sold to Xxxxxx Xxx shall remain in effect with respect to a Mortgaged Property or an Advance only for so long as such Mortgaged Property and Advance Borrower controlled by Guarantor, are subject parties to this Agreement and such Borrower is controlled by Guarantor and is a party Loans are subject to this Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Archstone Inc.)

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Approval of Waivers. Unless otherwise agreed by Lender, any modifications set forth in this Agreement and the other Loan Documents which are modifications to or waivers from the terms and conditions applicable to similar loans made by Lender and sold to Xxxxxx Xxx Mae shall remain in effect with respect to a Mortgaged Property or an Advance only for so long as such Mortgaged Property and Advance Borrower controlled by Guarantor, are subject parties to this Agreement and such Borrower is controlled by Guarantor and is a party Loans are subject to this Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Archstone Smith Operating Trust)

Approval of Waivers. Unless otherwise agreed by Lender, any modifications set forth in this Agreement and the other Loan Documents which are modifications to or waivers from the terms and conditions applicable to similar loans made by Lender and sold to Xxxxxx Xxx Mae shall remain in effect with respect to a Mortgaged Property or an Advance only for so long as such Mortgaged Property and Advance are subject to this Agreement and such Borrower is controlled by Guarantor and is a party to this Agreement.. Colonial/PNC ARCS β€” Master Credit Facility Agreement

Appears in 1 contract

Samples: Master Credit Facility Agreement (Colonial Properties Trust)

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