Lender Approval of Lease Sample Clauses

Lender Approval of Lease. Prior to the commencement of construction of any Tenant Improvements, any part of the construction of which is to be financed with any Subsequent Advance, Borrower shall submit to Lender for approval (a) a Lease for the premises on which any Tenant Improvements are to be constructed (to the extent not previously approved), (b) the Budget for the Tenant Improvements, (c) the Contract Documents for the Tenant Improvements and (d) all plans and specifications for the Tenant Improvements. Lender shall be under no obligation to make any Subsequent Advance until Lender has approved such Lease (including, without limitation, the identity and financial condition of the Tenant) or such lease is deemed approved, and until Lender has approved the Budget, Contract Documents and plans and specifications, in Lender's discretion, not to be unreasonably withheld conditioned or delayed.
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Lender Approval of Lease. Prior to any Subsequent Advance with respect to a Lease, which Advance is not requested to fund any Tenant Improvements, Borrower shall: submit to Lender for approval (a) a Lease for the related premises to the extent not already approved, (b) if requested by Lender and if applicable, the Budget and the Contract Documents for any Tenant Improvements to be constructed and financed by the Tenant under such Lease. Lender shall be under no obligation to make any Subsequent Advance with respect to such Lease until Lender has approved such Lease (including, without limitation, the identity and financial condition of the Tenant) or such lease is deemed approved, and other items, in Lender's discretion, not to be unreasonably withheld, conditioned or delayed.

Related to Lender Approval of Lease

  • Lender Approval Manager shall assist Owner, as requested, in obtaining any approvals of proposed leases for the Project, the tenants and the terms thereof which may be required from the Project's lenders, including senior financing, mezzanine level financing or preferred equity (each, a "Lender" and collectively, "Lenders") in accordance with the terms of the applicable loan documents.

  • Lender Approvals Unless expressly provided herein to the contrary, any approval, consent, waiver or satisfaction of Agent or Lenders with respect to any matter that is the subject of this Agreement, the other Financing Documents may be granted or withheld by Agent and Lenders in their sole and absolute discretion and credit judgment.

  • Amendment of Lease The Lease is hereby amended as follows:

  • Extension of Lease Term The Original Lease Term is hereby extended for a period of eighteen (18) months continuing through and including November 30, 2022 (the “Extension Term” and the Original Lease Term as so extended by the Extension Term, the “Lease Term”).

  • Lender Consent For purposes of determining compliance with the conditions specified in Section 3.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Agreement Effective Date specifying its objection thereto.

  • Lease Modification Tenant agrees to modify this Lease in any way requested by a mortgagee which does not cause increased expense to Tenant or otherwise materially adversely affect Tenant's interests under this Lease.

  • Waiver; Amendment; Modification The waiver by Company of a term or provision of this Agreement, or of a breach of any provision of this Agreement by me, shall not be effective unless such waiver is in writing signed by Company. No waiver by Company of, or consent by Company to, a breach by me, will constitute a waiver of, consent to or excuse of any other or subsequent breach by me. This Agreement may be amended or modified only with the written consent of both me and Company. No oral waiver, amendment or modification shall be effective under any circumstances whatsoever.

  • Modification of Lease Should any current or prospective mortgagee or ground lessor for the Building or Project require a modification of this Lease, which modification will not cause an increased cost or expense to Tenant or in any other way materially and adversely change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified and agrees to execute whatever documents are reasonably required therefor and to deliver the same to Landlord within ten (10) business days following a request therefor. At the request of Landlord or any mortgagee or ground lessor, Tenant agrees to execute a short form of Lease and deliver the same to Landlord within ten (10) business days following the request therefor.

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • Approval of Agreement The Board of Directors of the Company has authorized the execution and delivery of this Agreement by the Company and has approved this Agreement and the transactions contemplated hereby.

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