Common use of Bank’s Consent or Approval Clause in Contracts

Bank’s Consent or Approval. (A) Except where otherwise expressly provided in the Loan Documents, in any instance where any matter or thing is required to be “satisfactory” to Bank or to Bank’s “satisfaction”, or in Bank’s “discretion” and/or where the approval, consent, or the exercise of Bank’s judgment or discretion is otherwise required or permitted, the granting or denial of such approval or consent and the exercise of such judgment or discretion shall be (a) within the sole and absolute discretion of Bank; and (b) deemed to have been given only by a specific writing intended for the purpose given and executed by Bank.

Appears in 3 contracts

Samples: Credit Agreement (CNL Healthcare Properties II, Inc.), Credit Agreement (CNL Healthcare Properties, Inc.), Credit Agreement (CNL Healthcare Properties, Inc.)

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Bank’s Consent or Approval. (A) Except where otherwise expressly provided in the Loan Documents, in any instance where any matter or thing is required to be “satisfactory” to Bank or to Bank’s “satisfaction”, or in Bank’s “discretion” and/or where the approval, consent, or the exercise of Bank’s judgment or discretion is otherwise required or permitted, the granting or denial of such approval or consent and the exercise of such judgment or discretion shall be (a) within the sole and absolute discretion of Bank; and (b) deemed to have been given only by a specific writing intended for the purpose given and executed by Bank.

Appears in 1 contract

Samples: Credit Agreement (CNL Growth Properties, Inc.)

Bank’s Consent or Approval. (A) Except where otherwise expressly provided in the Loan Documents, in any instance where any matter or thing is required to be "satisfactory" to Bank or to Bank’s “'s "satisfaction", or in Bank’s “'s "discretion” and/or " where the approval, consent, or the exercise of Bank’s 's judgment or discretion is otherwise required or permitted, the granting or denial of such approval or consent and the exercise of such judgment or discretion shall be (a) within the sole and absolute discretion of Bank; and (b) deemed to have been given only by a specific writing intended for the purpose given and executed by Bank.

Appears in 1 contract

Samples: Credit Agreement (American Realty Capital Healthcare Trust Inc)

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Bank’s Consent or Approval. (A) Except where otherwise expressly provided in the Loan Documents, in any instance where any matter or thing is required to be "satisfactory" to Bank or to Bank’s “'s "satisfaction", or in Bank’s “'s "discretion" and/or where the approval, consent, or the exercise of Bank’s 's judgment or discretion is otherwise required or permitted, the granting or denial of such approval or consent and the exercise of such judgment or discretion shall be (a) within the sole and absolute discretion of Bank; and (b) deemed to have been given only by a specific writing intended for the purpose given and executed by Bank.

Appears in 1 contract

Samples: Credit Agreement (CNL Healthcare Properties, Inc.)

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