Department’s Right to Approve Refinancing Sample Clauses

Department’s Right to Approve Refinancing. Any Refinancing of Developer Debt will be subject to the Department’s prior approval, which approval will not be unreasonably withheld or delayed; provided, that no such approval (an “Exempt Refinancing”) will be required if the Developer first demonstrates to the Department that either:‌
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Department’s Right to Approve Refinancing. Any Refinancing of Concessionaire Debt will be subject to the Department’s prior approval, which approval will not be unreasonably withheld or delayed; provided, that no such approval will be required if the Concessionaire first demonstrates to the Department that:
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