Consent of Authority. Whenever the consent of the Authority is given pursuant to the terms of this Agreement, such consent shall create no liability or responsibility upon the Authority, and whenever required, shall not be unreasonably withheld.
Consent of Authority. This Agreement and any amendments to it, including any terms for Agent compensation, shall not be effective until the written approval of an Authorized Officer of the Authority is indicated on the signature page.
Consent of Authority. The Authority is executing this Assignment to acknowledge its consent to the assignment of the Boomer’s Parcel to the Assignee and the termination of the Boomer’s Lease solely as to the Boomer’s Parcel. The Consent of the Authority is expressly conditioned upon the completion of the transactions contemplated to complete the FEE Lease, including, without limitation, the execution and delivery of all releases, monies and documents as are required to be delivered and executed, and the authorization of the acts contemplated herein and the other documents and agreements at a duly noticed meeting of the Authority.
Consent of Authority. The Authority hereby consents to the conveyance of the Property and the Project from Assignor to Assignee and to Assignor’s assignment of, and Assignee’s assumption of, the rights, duties and obligations of the Project and the AHA Agreement from and after the Effective Date. As of the Effective Date, Authority hereby fully and unconditionally releases Assignor from any and all obligations, duties or liabilities under the AHA Agreement except for any duties, liabilities or obligations occurring or arising prior to the Effective Date. The Authority acknowledges that: (a) Assignor has submitted to the Authority all information requested by the Authority to enable the Authority to make a determination concerning its consent for this Assumption Agreement; (b) as of the Effective Date, there is no event of default under the AHA Agreement, and to the Authority’s knowledge, no event has occurred and is continuing which, with the giving of notice or passage of time or both, would constitute a default under the AHA Agreement; (c) Assignee satisfies the qualification standards with respect to creditworthiness, reputation and experience customarily applied by Xxxxxx Xxx or Xxxxxxx Xxx to the approval of borrowers in connection with the transfer of similar loans; (d) Assignee has paid all of the Authority’s reasonable out-of-pocket costs incurred in reviewing the request to transfer and assign the Property and the Project from Assignor to Assignee; and (e) the AHA Agreement is in full force and effect and has not been amended or modified by agreement or by implication except as disclosed herein.
Consent of Authority. Authority hereby consents to the foregoing Assignment of the Lease Agreement to Assignee under the terms of this Agreement on the express condition that neither this consent, nor the acceptance of rent from Assignee, shall be construed as a wavier or relinquishment of any covenant in the Lease Agreement requiring Authority’s consent to any future assignment or subletting by the lessee under the Lease Agreement.
