North Beach Property Documents Sample Clauses

North Beach Property Documents. Borrower shall not, without Lender’s prior written consent (which consent may not be unreasonably withheld, conditioned or delayed), permit Mortgage Borrower or Operating Lessee to vote to amend, modify, supplement or terminate, or consent to (1) the termination of any of the North Beach Property Documents or (2) the amendment, modification or supplementation of any of the North Beach Property Documents in any material respect which would materially and adversely affect the Mortgage Borrower, the Property or Mortgage Lender’s rights under the North Beach Property Documents. Without the prior written consent of the Lender (which consent may not be unreasonably withheld, delayed or conditioned), Borrower shall not permit Mortgage Borrower or Operating Lessee to vote to approve any of the following matters in connection with the North Beach Property (unless expressly required under the North Beach Property Documents): (i) any material change in the nature and amount of any insurance covering all or a part of the North Beach Property and the disposition of any proceeds thereof, but only to the extent any of the foregoing violates the Mortgage Loan Documents; (ii) the manner in which any condemnation or threat of condemnation of all or a part of the Property or the North Beach Property shall be defended or settled and the disposition of any award or settlement in connection therewith, but only to the extent the foregoing violates the Mortgage Loan Documents; (iii) any amendment to the North Beach Property Documents which by its terms requires the consent of Lender and any removal of any portion of the North Beach Property from the provisions of the laws governing the North Beach Property Documents or subjects any portion of the Property thereto; (iv) the creation of, or any change in, any private restrictive covenant, zoning ordinance, or other public or private restrictions, now or hereafter limiting or defining the uses which may be made of the North Beach Property or any part thereof or (v) any relocation of the boundaries of the North Beach Property.