Lender's Approval Required Sample Clauses

Lender's Approval Required for New Leases; Subordination of Leases. ------------------------------------------------------------------ Borrower shall not enter into any Leases after the date hereof without Lender's prior written consent, which shall not be unreasonably withheld. At Lender's request Borrower shall obtain and deliver to Lender a subordination, non- disturbance and attornment agreement ("SNDA") in form reasonably satisfactory to Lender from each tenant under a Lease executed during term of the Loan, it being agreed, however, that, notwithstanding anything to the contrary contained herein, in no event shall Lender be obligated to grant an SNDA to any particular Lessee or agree to recognize any particular Lease. Lender may, in its sole discretion, waive the requirement of a subordination, non-disturbance and attornment agreement for any particular tenant. In addition, Lender may, at its sole option, require that any or all Leases affecting the Mortgaged Property be made superior and prior to the Mortgage.
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Lender's Approval Required. (i) With respect to any Major Lease, Borrower shall not modify, amend or terminate any existing leases or subleases, or consent to the assignment or subleasing of any Major Lease, or enter into any new Major Lease with respect to the Property, without Lxxxxx’s prior written consent in each instance, which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the foregoing, Borrower may modify or amend the Worksport Lease and/or the Sonwil Lease without the prior written consent of Lender, provided that Worksport Lease and/or the Sonwil Lease amendment or modification (A) does not shorten the term of Worksport Lease or the Sonwil Lease or reduce the demised space thereunder in the aggregate; (B) does not provide for rent (on both a gross and net basis) which is less on a per square foot basis, after amortizing free rent, tenant improvements, rental concessions and other inducements, than the current aggregate average rent for the Property as of the date hereof; (C) the amended Worksport Lease and Sonwil Lease is and continues to be on market terms and conditions; (D) such amendments to the Worksport Lease and/or the Sonwil Lease are made on forty eight (48) hours’ notice (by email) to Lender (with Borrower’s certification as to items (A), (B) and (C) above.
Sample 1
Lender's Approval Required. Borrower shall not modify, amend or terminate existing leases, or enter into new leases, of premises within the Property, except with Lender's prior written consent in each instance, not to be unreasonably withheld. Any lease, or modification or amendment of lease, which has been so approved by Lender, and, if so requested by Lender as to which the tenant has executed an SNDA Agreement, estoppel certificate, or both, acceptable to Lender shall be an "Approved Lease".
Sample 1

Related to Lender's Approval Required

  • Approval Required This Agreement may not be amended without written consent of all of the Partners.

  • Vote/Approval Required No vote or consent of the holders of any class or series of capital stock of Parent is necessary to approve this Agreement or the Merger or the transactions contemplated hereby. The vote or consent of Parent as the sole stockholder of Merger Sub (which shall have occurred prior to the Effective Time) is the only vote or consent of the holders of any class or series of capital stock of Merger Sub necessary to approve this Agreement or the Merger or the transactions contemplated hereby.

  • Board Approval; Vote Required The Company Board, by resolutions duly adopted by unanimous vote of those voting at a meeting duly called and held and not subsequently rescinded or modified in any way, or by unanimous written consent, has duly (a) determined that this Agreement and the Merger are fair to and in the best interests of the Company and its stockholders, (b) approved this Agreement and the Merger and declared their advisability, and (c) recommended that the stockholders of the Company approve and adopt this Agreement and approve the Merger and directed that this Agreement and the Transactions (including the Merger) be submitted for consideration by the Company’s stockholders. The Requisite Approval (the “Company Stockholder Approval”) is the only vote of the holders of any class or series of capital stock of the Company necessary to adopt this Agreement and approve the Transactions. The Written Consent, if executed and delivered, would qualify as the Company Stockholder Approval and no additional approval or vote from any holders of any class or series of capital stock of the Company would then be necessary to adopt this Agreement and approve the Transactions.

  • 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.

  • No Governmental Consent or Approval Required No authorization, consent, approval or other order of, declaration to, or filing with, any governmental agency or body is required to be made or obtained by the Corporation for or in connection with the valid and lawful authorization, execution and delivery by the Corporation of this Agreement or for or in connection with the valid and lawful authorization, issuance, sale and delivery of the Purchaser Shares, except exemptive filings under applicable securities laws, which are not required to be made until after the Closing and which shall be made on a timely basis.

  • No Consent or Approval Required No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental agency or body having jurisdiction over the Company or any of its Subsidiaries or any of their properties or assets is required for the issue and sale of the Shares, the execution, delivery and performance of this Agreement by the Company, the consummation of the transactions contemplated hereby, the application of the proceeds from the sale of the Shares as described under “Use of Proceeds” in the Registration Statement and the Prospectus, except for (i) the registration of the Shares under the Securities Act; (ii) such consents, approvals, authorizations, orders, filings, registrations or qualifications as may be required under the Exchange Act, and applicable state or foreign securities laws and/or the bylaws and rules of the Financial Industry Regulatory Authority (the “FINRA”) in connection with the sale of the Shares by the Agent; and (iii) the inclusion of the Shares on the Nasdaq Capital Market (the “Exchange”).

  • Requisite Governmental Approvals No Consent of any Governmental Authority is required on the part of Parent, Merger Sub or any of their Affiliates (a) in connection with the execution and delivery of this Agreement by each of Parent and Merger Sub; (b) the performance by each of Parent and Merger Sub of their respective covenants and obligations pursuant to this Agreement; or (c) the consummation of the Transactions, except (i) the filing of the Certificate of Merger with the Secretary of State of the State of Delaware and such filings with Governmental Authorities to satisfy the applicable laws of states in which the Company Group is qualified to do business; (ii) such filings and approvals as may be required by any federal or state securities laws, including compliance with any applicable requirements of the Exchange Act; (iii) compliance with any applicable requirements of the HSR Act and any other applicable Antitrust Laws; and (iv) such other Consents the failure of which to obtain would not, individually or in the aggregate, prevent or materially delay the consummation of the Transactions or the ability of Parent and Merger Sub to fully perform their respective covenants and obligations pursuant to this Agreement.

  • Required Governmental Approvals All governmental authorizations, consents and approvals necessary for the valid consummation of the transactions contemplated hereby shall have been obtained and shall be in full force and effect. All applicable governmental pre-acquisition filing, information furnishing and waiting period requirements shall have been met or such compliance shall have been waived by the governmental authority having authority to grant such waivers.

  • 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.

  • Requisite Approvals Upon execution of this Agreement, it will have taken all necessary actions pursuant to its articles of incorporation, by-laws and other governing documents to fully authorize (i) the execution and delivery of this Agreement and any transaction documents related to this Agreement; and (ii) the consummation of the transaction contemplated by this Agreement.

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