Chase/Lender Approval Clause Samples
The Chase/Lender Approval clause establishes that any actions or decisions related to the agreement are subject to the review and approval of the lender, often a financial institution such as Chase. In practice, this means that certain steps—such as disbursement of funds, changes to loan terms, or approval of project milestones—cannot proceed without the lender's explicit consent. This clause ensures that the lender maintains oversight and control over key aspects of the transaction, thereby protecting its financial interests and ensuring compliance with lending requirements.
Chase/Lender Approval. The Mariner Entities shall have received evidence satisfactory to them that Chase has consented to, or agreed not to object to, the transactions contemplated under this Agreement and all related documents.
Chase/Lender Approval. The SNH Entities shall have received evidence satisfactory to them that the Chase Manhattan Bank, in its capacity as collateral agent for the Mariner Entities' pre-petition senior secured lenders and as agent for the Mariner Entities' debtor in possession lenders (in its capacities as the collateral agent and the debtor in possession agent, respectively, "CHASE"), has consented to, or agreed not to object to, the transactions contemplated under this Agreement and all related documents.
Chase/Lender Approval. Omega shall have received evidence satisfactory to it that The Chase Manhattan Bank, in its capacity as administrative agent for the Mariner Entities' pre-petition senior secured lenders and as administrative agent for the Mariner Entities' debtor-in-possession lender (individually and in its capacity as agent as aforesaid, "Chase"), has approved and consented to the transactions contemplated under this Agreement and all related documents, and has agreed that Chase shall not seek to set aside the contemplated transactions or any part thereof.