Consent by Lender Sample Clauses
The 'Consent by Lender' clause establishes that certain actions or decisions by the borrower require the prior approval of the lender. In practice, this may apply to activities such as taking on additional debt, selling significant assets, or making changes to the business structure, all of which could impact the lender's security or risk exposure. By requiring lender consent, this clause ensures the lender maintains control over key aspects of the borrower's operations, thereby protecting their interests and reducing the risk of unforeseen changes that could affect loan repayment.
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Consent by Lender. Lender hereby consents to the transfer to and ----------------- assumption by AKGI of all of the Royal Palm Obligations and Lender hereby agrees from and after the date hereof to recognize AKGI as the "Borrower" under the Royal Palm Loan Documents. Such consent shall not constitute a consent to any further transfer or assignment of the Royal Palm Obligations or for any other transfer, assignment or transaction for which Lender's consent is required under the Royal Palm Loan Documents.
Consent by Lender. The Lender consents to the amendments to the organizational documents of the Existing Borrowers in the forms set forth as Exhibit E hereto; provided, however, that, prior to the filing thereof, the Lender shall have received an opinion of counsel reasonably satisfactory to the Lender to the effect that the filing of any such amendment will not cause a taxable event for U.S. federal income tax purposes to any holder of a Certificate and an officer’s certificate to the effect that such amendment is permitted under the Loan Documents and that all conditions precedent related thereto have been satisfied.
Consent by Lender. The Lender consents to the amendments to the organizational documents of the Borrowers, SBA Holdings and the Guarantor filed on the date hereof in connection with this Loan Agreement Supplement, and any related filings.
Consent by Lender. Lender joins in the execution of this Agreement for the purposes of:
(a) waiving its right to declare an event of default under the terms of the Security Documents as a result of the Transfer; however, the foregoing waiver shall not amend or modify the Security Documents as to any future sale, transfer or conveyance of the partnership interests or any portion thereof or interest therein;
(b) acknowledging that the Transfer represents the one-time transfer referenced in Section 11.3 of the Deed of Trust;
(c) effecting certain releases as more fully described herein;
(d) consenting to the modifications to the Security Documents as more particularly set forth herein.
Consent by Lender. Lender hereby consents to the ARMPA Agreement and the Closing Agreements, subject to the terms and conditions contained herein. Should the ARMPA Agreement and the Closing Agreements not become effective within thirty (30) days of the date hereof, Lender’s consent shall immediately terminate.
Consent by Lender. Lender hereby consents to the transfer to and ----------------- assumption by Signature of all of the San ▇▇▇▇ Obligations and Lender hereby agrees from and after the date hereof to recognize Signature as the "Borrower" under the San ▇▇▇▇ Loan Documents. Such consent shall not constitute a consent to any further transfer or assignment of the San ▇▇▇▇ Obligations or for any other transfer, assignment or transaction for which Lender's consent is required under the San ▇▇▇▇ Loan Documents.
Consent by Lender. The Lender hereby consents to the conveyance of the Property by the Seller to the Purchaser and to the Purchaser's assumption of the Loan Documents.
Consent by Lender. Lender hereby consents to the transfer to and ----------------- assumption by Signature of all of the Fall Creek Obligations and Lender hereby agrees from and after the date hereof to recognize Signature as the "Seller" under the Fall Creek Loan Documents. Such consent shall not constitute a consent to any further transfer or assignment of the Fall Creek Obligations or for any other transfer, assignment or transaction for which Lender's consent is required under the Fall Creek Loan Documents.
Consent by Lender. For purposes of Section 6.3(b) of the Loan and Security Agreement between Lender and Resort Funding dated November 14, 1997 and Section 6.2(b) of the Loan and Security Agreement between Lender and Resort Funding dated February 11, 1998, Lender hereby consents to the Transaction and the Loan.
Consent by Lender. Lender hereby consents to the transfer to and ----------------- assumption by Signature of all of the Cypress Obligations and Lender hereby agrees from and after the date hereof to recognize Signature as the "Borrower" under the Cypress Loan Documents. Such consent shall not constitute a consent to any further transfer or assignment of the Cypress Obligations or for any other transfer, assignment or transaction for which Lender's consent is required under the Cypress Loan Documents.