Common use of Funding Lender’s Rights to Control Clause in Contracts

Funding Lender’s Rights to Control. Notwithstanding anything herein to the contrary, pursuant to the Senior Mortgage and Section 6.03 of the Funding Loan Agreement, all acts, consents, approvals and undertakings of the Lender hereunder will be solely at the written direction of the Funding Lender. The parties hereto acknowledge and agree that the Funding Lender is a third party beneficiary of this Agreement, with full rights as such. NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN THE REGULATORY AGREEMENT BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF THE MORTGAGE. [SIGNATURE AND ACKNOWLEDGMENT PAGES FOLLOW]

Funding Lender’s Rights to Control. Notwithstanding anything herein to the contrary, pursuant to Section 17(c) of the Senior Mortgage and Section 6.03 of the Funding Loan Agreement, all acts, consents, approvals and undertakings of the Lender hereunder will be solely at the written direction of the Funding Lender. The parties hereto acknowledge and agree that the Funding Lender is a third third-party beneficiary of this Agreement, with full rights as such. NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN THE REGULATORY AGREEMENT BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF THE MORTGAGE. [SIGNATURE AND ACKNOWLEDGMENT PAGES FOLLOW]

Funding Lender’s Rights to Control. Notwithstanding anything herein to the contrary, pursuant to the Senior Mortgage and Section 6.03 of the Funding Loan Agreement, all acts, consents, approvals and undertakings of the Lender hereunder will be solely at the written direction of the Funding Lender. The parties hereto acknowledge and agree that the Funding Lender is a third third-party beneficiary of this Agreement, with full rights as such. NOTICE: THIS SUBORDINATION AGREEMENT RESULTS IN THE REGULATORY AGREEMENT BECOMING SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF THE MORTGAGE. [SIGNATURE AND ACKNOWLEDGMENT PAGES FOLLOW]