Common use of Approvals of Lenders Clause in Contracts

Approvals of Lenders. All communications from Administrative Agent to any Lender requesting such Lender’s determination, consent, approval or disapproval (a) shall be given in the form of a written notice to such Lender, (b) shall be accompanied by a description of the matter or issue as to which such determination, approval, consent or disapproval is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved, (c) shall include, if reasonably requested by such 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 the Borrower and Operating Lessee in respect of the matter or issue to be resolved, and (d) shall include Administrative Agent’s recommended course of action or determination in respect thereof. Unless a Lender shall give written notice to Administrative Agent that it specifically objects to the recommendation or determination of Administrative Agent within ten (10) Business Days (or such lesser or greater period as may be specifically required under the express terms of the Loan Documents or Other Related Documents) of receipt of such communication, such Lender shall be deemed to have conclusively approved of or consented to such recommendation or determination.

Appears in 1 contract

Samples: Loan Agreement (Ryman Hospitality Properties, Inc.)

AutoNDA by SimpleDocs

Approvals of Lenders. All communications from Administrative the Agent to any Lender requesting such Lender’s 's determination, consent, approval or disapproval (a) shall be given in the form of a written notice to such Lender, (b) shall be accompanied by a description of the matter or issue as to which such determination, approval, consent or disapproval is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved, (c) shall include, if reasonably requested by such Lender and to the extent not previously provided to such Lender, written materials and a summary of all oral information provided to Administrative the Agent by the Borrower and Operating Lessee in respect of the matter or issue to be resolved, and (d) shall include Administrative the Agent’s 's recommended course of action or determination in respect thereof. Unless a Lender shall give written notice to Administrative the Agent that it specifically objects to the recommendation or determination of Administrative the Agent (together with a reasonable written explanation of the reasons behind such objection) within ten (10) 10 Business Days (or such lesser or greater period as may be specifically required under the express terms of the Loan Documents or Other Related Documents) of receipt of such communication, such Lender shall be deemed to have conclusively approved of or consented to such recommendation or determination.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Approvals of Lenders. All communications from the Administrative Agent to any Lender requesting such Lender’s determination, consent, approval or disapproval (a) shall be given in the form of a written notice to such Lender, (b) shall be accompanied by a description of the matter or issue as to which such determination, approval, consent or disapproval is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved, (c) shall include, if reasonably requested by such Lender and to the extent not previously provided to such Lender, written materials and and, as appropriate, a brief summary of all oral information provided to the Administrative Agent by the Parent or the Borrower and Operating Lessee in respect of the matter or issue to be resolved, and (d) shall include the Administrative Agent’s recommended course of action or determination in respect thereof. Unless a Lender shall give written notice to the Administrative Agent that it specifically objects to the recommendation or determination of the Administrative Agent within ten (10) 10 Business Days (or such lesser or greater period as may be specifically required under the express terms of the Loan Documents or Other Related Documents) of receipt of such communication, such Lender shall be deemed to have conclusively approved of or consented to such recommendation or determination.

Appears in 1 contract

Samples: Credit Agreement (Excel Trust, Inc.)

Approvals of Lenders. All communications from Administrative the Agent to any Lender requesting such Lender’s determination, consent, approval or disapproval (a) shall be given in the form of a written notice to such Lender, (b) shall be accompanied by a description of the matter or issue as to which such determination, approval, consent or disapproval is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved, (c) shall include, if reasonably requested by such Lender and to the extent not previously provided to such Lender, written materials and a summary of all oral information provided to Administrative the Agent by the Borrower and Operating Lessee in respect of the matter or issue to be resolved, and (d) shall include Administrative the Agent’s recommended course of action or determination in respect thereof. Unless a Lender shall give written notice to Administrative the Agent that it specifically objects to the recommendation or determination of Administrative the Agent (together with a reasonable written explanation of the reasons behind such objection) within ten (10) 10 Business Days (or such lesser or greater other period as may be specifically required under the express terms of the Loan Documents or Other Related Documents) of receipt of such communication, such Lender shall be deemed to have conclusively approved of or consented to such recommendation or determination.

Appears in 1 contract

Samples: Credit Agreement (Realty Income Corp)

Approvals of Lenders. All communications from Administrative the Agent to any Lender requesting such Lender’s determination, consent, approval or disapproval (a) shall be given in the form of a written notice to such Lender, (b) shall be accompanied by a description of the matter or issue as to which such determination, approval, consent or disapproval is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved, (c) shall include, if reasonably requested by such Lender and to the extent not previously provided to such Lender, written materials and and, as appropriate, a brief summary of all oral information provided to Administrative the Agent by the Borrower and Operating Lessee in respect of the matter or issue to be resolved, and (d) shall include Administrative the Agent’s recommended course of action or determination in respect thereof. Unless a In the event that any Lender shall give written notice objects or fails to Administrative Agent that it specifically objects respond to the recommendation recommendations or determination of Administrative Agent within ten (10) Business Days (or such lesser or greater period as may be specifically required under the express terms Agent, upon the written request of the Loan Documents or Other Related Documents) of receipt of such communicationAgent, such Lender shall be deemed assign to have conclusively approved an Assignee designated by the Agent, at par plus accrued and unpaid interest and fees, and without recourse, all of or consented its interests, rights and obligations hereunder (including its Commitment and the Loans owing to such recommendation or determinationit hereunder) pursuant to Section 12.5.(b) hereof.

Appears in 1 contract

Samples: Credit Agreement (First Franklin Financial Corp)

AutoNDA by SimpleDocs

Approvals of Lenders. All communications from Administrative the Agent to any Lender requesting such Lender’s determination, consent, approval or disapproval (a) shall be given in the form of a written notice to such Lender, (b) shall be accompanied by a description of the matter or issue as to which such determination, approval, consent or disapproval is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved, (c) shall include, if reasonably requested by such Lender and to the extent not previously provided to such Lender, written materials and a summary of all oral information provided to Administrative the Agent by the Borrower and Operating Lessee in respect of the matter or issue to be resolved, and (d) shall include Administrative the Agent’s recommended course of action or determination in respect thereof. Unless a Lender shall give written notice to Administrative the Agent that it specifically objects to the recommendation or determination of Administrative the Agent (together with a reasonable written explanation of the reasons behind such objection) within ten (10) 10 Business Days (or such lesser or greater period as may be specifically required under the express terms of the Loan Documents or Other Related Documents) of receipt of such communication, such Lender shall be deemed to have conclusively approved of or consented to such recommendation or determination.

Appears in 1 contract

Samples: Credit Agreement (Realty Income Corp)

Approvals of Lenders. All communications from the Administrative Agent to any Lender requesting such Lender’s determination, consent, approval or disapproval (a) shall be given in the form of a written notice to such Lender, (b) shall be accompanied by a description of the matter or issue as to which such determination, approval, consent or disapproval is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved, (c) shall include, if reasonably requested by such Lender and to the extent not previously provided to such Lender, written materials and and, as appropriate, a brief summary of all oral information provided to the Administrative Agent by the any Borrower and Operating Lessee in respect of the matter or issue to be resolved, and (d) shall include the Administrative Agent’s recommended course of action or determination in respect thereof. Unless a Lender shall give written notice to the Administrative Agent that it specifically objects to the recommendation or determination of the Administrative Agent within ten (10) Business Days (or such lesser or greater period as may be specifically required under the express terms of the Loan Documents or Other Related Documents) of receipt of such communication, such Lender shall be deemed to have conclusively approved of or consented to such recommendation or determinationdetermination (other than in respect of any consent required under Section 12.6.(b)).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Sl Green Operating Partnership, L.P.)

Time is Money Join Law Insider Premium to draft better contracts faster.