Common use of No Modification or Termination Clause in Contracts

No Modification or Termination. (a) Mezzanine Borrower shall not permit Mortgage Borrower, except as permitted hereunder or with the prior written consent of Mezzanine Lender, not to be unreasonably withheld, (i)to institute any action or proceeding to subdivide or partition any Individual Property other than with respect to Unimproved Parcels in accordance with the terms of this Agreement, or (ii) materially modify or amend or vote for or consent to any material modification of or amendment to any Operating Agreement. (b) Mezzanine Borrower shall not permit Mortgage Borrower to vote for, agree to or acquiesce in any cancellation, termination or surrender of any Operating Agreement without the prior written consent of Mezzanine Lender. Any agreement to which Mortgage Borrower or its Affiliates is a party whereby any of the Operating Agreements is terminated or the Property is withdrawn therefrom in violation of the immediately preceding sentence shall constitute a Transfer prohibited under this Agreement.

No Modification or Termination. (a) Mezzanine Borrower shall not permit Mortgage Borrower, except as permitted hereunder or with the prior written consent of Mezzanine Lender, not to be unreasonably withheld, (i)to i) to institute any action or proceeding to subdivide or partition any Individual Property other than with respect to Unimproved Parcels in accordance with the terms of this Agreement, or (ii) materially modify or amend or vote for or consent to any material modification of or amendment to any Operating Agreement. (b) Mezzanine Borrower shall not permit Mortgage Borrower to vote for, agree to or acquiesce in any cancellation, termination or surrender of any Operating Agreement without the prior written consent of Mezzanine Lender. Any agreement to which Mortgage Borrower or its Affiliates is a party whereby any of the Operating Agreements is terminated or the Property is withdrawn therefrom in violation of the immediately preceding sentence shall constitute a Transfer prohibited under this Agreement.