Common use of Consent Notice Clause in Contracts

Consent Notice. Servicer shall promptly relay to each Lender for such Lender’s review and approval or disapproval the terms of any proposals discussed in this Article VII which notice may be via email transmission given in accordance with Section 11.1, below. The failure of Servicer to receive any Lender’s written disapproval of the terms of any proposals within 10 days after the effective date of such notice (as set forth therein) or such later date set forth in the Notice, shall be deemed to constitute such Lender’s disapproval of such terms.

Appears in 4 contracts

Samples: Loan Servicing and Equity Interest Agreement, Loan Servicing and Equity Interest Agreement, Loan Servicing and Equity Interest Agreement

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Consent Notice. Servicer shall promptly relay to each Lender for such Lender’s review and approval or disapproval the terms of any proposals discussed in this Article VII which notice may be via email transmission given in accordance with Section 11.1, below. The failure of Servicer to receive any Lender’s written disapproval of the terms of any proposals within 10 days after the effective date of such notice (as set forth therein) or such later date set forth in the Notice, shall be deemed to constitute such Lender’s disapproval of such terms.. A RTICLE VIII

Appears in 1 contract

Samples: L Oan Servicing and Equity Interest Agreement

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