Prohibited Contracts. Without Administrative Agent’s prior written consent, Borrower shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Additional Improvements, if any third party shall retain any ownership interest (other than Lien rights created by operation of law) in such items after their delivery to the Property. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 2 contracts
Samples: Loan Agreement (Howard Hughes Corp), Loan Agreement (Howard Hughes Corp)
Prohibited Contracts. Without Administrative Agent’s prior written consent, Borrower shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Additional Improvements, if any third party shall retain any ownership interest (other than Lien rights created by operation of law) in such items after their delivery to the PropertyProperty and Improvements. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 2 contracts
Samples: Construction Loan Agreement (Imax Corp), Loan Agreement (Howard Hughes Corp)
Prohibited Contracts. Without Administrative Agent’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed, Borrower shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Additional Improvements, if any third party shall retain any ownership interest (other than Lien rights created by operation of law) in such items after their delivery to the PropertyProperty and Improvements. Borrower shall have five ten (510) days to effect the removal of any such retained interest.
Appears in 1 contract
Samples: Building Loan Agreement (Sunrise Senior Living Inc)
Prohibited Contracts. Without Administrative Agent’s prior written consent, neither Borrower nor Operating Lessee shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Additional ImprovementsExpansion, if any third party shall retain any ownership interest (other than Lien rights created by operation of law) in such items after their delivery to the PropertyProperty unless otherwise approved by Administrative Agent. Borrower shall have five thirty (530) days to effect the removal of any such retained interest.
Appears in 1 contract
Samples: Loan Agreement (Ryman Hospitality Properties, Inc.)
Prohibited Contracts. Without Except as provided in Section 9.15 hereof, without Administrative Agent’s prior written consent, Borrower shall not contract for any materials, furnishings, equipment, fixtures or other parts or components of the Additional Improvements, if any third party shall retain any ownership interest (other than Lien rights created by operation of law) in such items after their delivery to the Property. Borrower shall have five (5) days to effect the removal of any such retained interest.
Appears in 1 contract
