Common use of Lender’s Discretion and Consent; References to Lender’s Requirements Clause in Contracts

Lender’s Discretion and Consent; References to Lender’s Requirements. Whenever Lender is granted the right herein to act in its sole discretion or to grant or withhold consent, such right shall be exercised in good faith, and whenever a reference is made to “Lender’s then current requirements”, “Lender’s then current programs” or the like, such reference shall be deemed to mean such requirements, programs and the like as are then standard in the secondary multifamily mortgage industry, as such standards are generally reflected in the then current version of the Xxxxxxx Mac Multifamily Seller/Servicer Guide.

Appears in 1 contract

Samples: Credit Agreement (Steadfast Apartment REIT, Inc.)

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Lender’s Discretion and Consent; References to Lender’s Requirements. Whenever Lender is granted the right herein to act in its sole discretion or to grant or withhold consent, such right shall be exercised in good faith, and whenever a reference is made to “Lender’s then current requirements”, “Lender’s then current programs” or the like, such reference shall be deemed to mean such requirements, programs and the like as are then standard in the secondary multifamily mortgage industry, as such standards are generally reflected in the then current version of the Xxxxxxx Fxxxxxx Mac Multifamily Seller/Servicer Guide.;

Appears in 1 contract

Samples: Credit Agreement (Mid America Apartment Communities Inc)

Lender’s Discretion and Consent; References to Lender’s Requirements. Whenever Lender is granted the right herein to act in its sole discretion or to grant or withhold consent, such right shall be exercised in good faith, and whenever a reference is made to “Lender’s then current requirements”, “Lender’s then current programs”, “Lender’s then current methodology” or the like, such reference shall be deemed to mean such requirements, programs and the like as are then standard in the secondary multifamily mortgage industry, as such standards are generally reflected in the then current version of the Xxxxxxx Mac Multifamily Seller/Servicer Guide.;

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Multifamily Reit I Inc)

Lender’s Discretion and Consent; References to Lender’s Requirements. Whenever Lender is granted the right herein to act in its sole discretion or to grant or withhold consent, such right shall be exercised in good faith, and whenever a reference is made to “Lender’s then current requirements”, “Lender’s then current programs” or the like, such reference shall be deemed to mean such requirements, programs and the like as are then standard in the secondary multifamily mortgage industry, as such standards are generally reflected in the then current version of the Xxxxxxx Mac Multifamily Seller/Servicer Guide.;

Appears in 1 contract

Samples: Credit Agreement (Mid America Apartment Communities Inc)

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Lender’s Discretion and Consent; References to Lender’s Requirements. Whenever Lender is granted the right herein to act in its sole discretion or to grant or withhold consent, such right shall be exercised in good faith, and whenever a reference is made to "Lender’s 's then current requirements", "Lender’s 's then current programs" or the like, such reference shall be deemed to mean such requirements, programs and the like as are then standard in the secondary multifamily mortgage industry, as such standards are generally reflected in the then current version of the Xxxxxxx Mac Multifamily Seller/Servicer Guide.;

Appears in 1 contract

Samples: Credit Agreement (Essex Property Trust Inc)

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