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. 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
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. (ii) With respect to any leases that are not Major Leases, Borrower shall be able to modify or amend such leases, or consent to the assignment of subleasing of such leases, or enter into any new leases with respect to the Property, without Lxxxxx’s prior written consent in each instance, provided that Lender shall be provided with a full and complete copy of any such lease and any amendment or modification thereof. Notwithstanding the foregoing, any lease terminations or lease concessions under a Major Lease or non-Major Lease shall require the Lender’s prior written consent in each instance, which consent shall not be unreasonably withheld, conditioned or delayed. (iii) [Intentionally Omitted] (iv) With respect to any Lease existing and approved by Lender as of the date hereof, or any modification or amendment of any existing Lease, or any new lease, which has been so approved by Lender, shall be an “Approved Lease”.
Sample 1

Related to Lender's Approval Required

  • Approval Required This Agreement shall not become effective or binding until approved by the City of Meridian.

  • Prior Approval Required Consultant shall not subcontract any portion of the work required by this Agreement, except as expressly stated herein, without prior written approval of City. Subcontracts, if any, shall contain a provision making them subject to all provisions stipulated in this Agreement.

  • 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 (a) The BCAC Board, by resolutions duly adopted by majority vote of those voting at a meeting duly called and held and not subsequently rescinded or modified in any way, has duly (i) determined that this Agreement and the Transactions are fair to and in the best interests of BCAC and its stockholders, (ii) approved this Agreement and the Transactions (including the Merger) and declared their advisability, (iii) recommended that the stockholders of BCAC approve and adopt this Agreement and Transactions (including the Merger), and directed that this Agreement and the Transactions (including the Merger), be submitted for consideration by the stockholders of BCAC at the BCAC Stockholders’ Meeting. (b) The only vote of the holders of any class or series of capital stock of BCAC necessary to approve the Transactions is the affirmative vote of the holders of a majority of the outstanding shares of BCAC Common Stock (the “BCAC Stockholder Approval”). (c) The Merger Sub Board, by resolutions duly adopted by written consent and not subsequently rescinded or modified in any way, has duly (i) determined that this Agreement and the Merger are fair to and in the best interests of Merger Sub and its sole stockholder, (ii) approved and adopted this Agreement and the Transactions (including the Merger) and declared their advisability, (iii) recommended that the sole stockholder of Merger Sub approve and adopt this Agreement and approve the Transactions (including the Merger) and directed that this Agreement and the Transactions (including the Merger) be submitted for consideration by the sole stockholder of Merger Sub. (d) The only vote of the holders of any class or series of capital stock of Merger Sub is necessary to approve this Agreement, the Merger and the other Transactions is the affirmative vote of the sole stockholder of Merger Sub.

  • 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 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 in connection with the (a) execution and delivery of this Agreement by each of Parent and Merger Sub; (b) performance by each of Parent and Merger Sub of their respective covenants and obligations pursuant to this Agreement; or (c) consummation of the Merger, 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 and its Subsidiaries are 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 applicable foreign Antitrust Laws; and (iv) such other Consents the failure of which to obtain would not, individually or in the aggregate, have a Parent Material Adverse Effect.

  • 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.

  • Project Approvals The Borrower will promptly obtain all Project approvals not heretofore obtained by the Borrower (including those listed and described on ­Exhibit “N” hereto and any other Project Approvals which may hereaf­ter become required, necessary or desirable) and will furnish the Lender with evidence that the Borrower has obtained such Project Approvals promptly upon its request. The Borrower will give all such notices to, and take all such other actions with respect to, such Governmental Authority as may be required under applicable Requirements to construct the Improvements and to use, occupy and operate the Project following the completion of the construction of the Improvements. The Borrower will also promptly obtain all utility installations and connections required for the operation and servicing of the Project for its intended purposes, and will furnish the Lender with evidence thereof. The Borrower will duly perform and comply with all of the terms and conditions of all Project Approvals obtained at any time, including all Project Approvals listed and described on Exhibit “Q” hereto.

  • 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.

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