Common use of Promotional Material Clause in Contracts

Promotional Material. Borrower authorizes the Administrative Agent and each of the Lenders to issue press releases, advertisements and other promotional materials in connection with the Administrative Agent’s or such Lender’s own promotional and marketing activities, and describing the Loans and the Project in general terms and the Administrative Agent’s or such Lender’s participation in the Loans subject, in each case, to Borrower’s approval, which approval shall not be unreasonably withheld, conditioned or delayed. All references to the Administrative Agent or any Lender contained in any press release, advertisement or promotional material issued by Borrower or Borrower shall be approved in writing by the Administrative Agent and such Lender in advance of issuance.

Appears in 3 contracts

Samples: Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Morgans Hotel Group Co.), Mezzanine Loan Agreement (Morgans Hotel Group Co.)

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Promotional Material. Borrower authorizes the Administrative Agent and each of the Lenders any Lender to issue press releases, advertisements and other promotional materials in connection with the Administrative Agent’s or such Lender’s own promotional and marketing activities, subject to Borrower’s reasonable approval of the form of such materials, and describing such materials may describe the Loans and the Project Loan in general terms and the Administrative Agent’s or and such Lender’s participation therein in the Loans subject, in each case, to Borrower’s approval, which approval shall not be unreasonably withheld, conditioned or delayedLoan. All references to the Administrative Agent or any Lender contained in any press release, advertisement or promotional material issued by Borrower or Borrower shall be approved in writing by the Administrative Agent and such Lender in advance of issuance.

Appears in 2 contracts

Samples: Loan Agreement (Summit Healthcare REIT, Inc), Loan Agreement (Cornerstone Core Properties REIT, Inc.)

Promotional Material. Borrower authorizes the Administrative Agent and each of the Lenders to issue press releases, advertisements and advertisements, other promotional materials and other disclosures (including disclosures to league tables and similar services) in connection with the Administrative Agent’s or such Lender’s own promotional and marketing activities, and describing the basic terms of the Loans consistent with information found on a “tombstone” and the Project in general terms and the Administrative Agent’s or such Lender’s participation in the Loans subject, in each case, to Borrower’s approval, which approval shall not be unreasonably withheld, conditioned or delayedLoans. All references to the Administrative Agent or any Lender contained in any press release, advertisement or advertisement, promotional material or other public disclosures issued by Borrower or Borrower shall be approved in writing by the Administrative Agent and such Lender in advance of issuance.

Appears in 1 contract

Samples: Term Loan Agreement (New York City REIT, Inc.)

Promotional Material. Borrower authorizes the Administrative Agent and each of the Lenders any Lender to issue press releases, advertisements and other promotional materials in connection with the Administrative Agent’s or such Lender’s own promotional and marketing activities, activities and describing such materials may describe the Loans and the Project Loan in general terms or in detail and the Administrative Agent’s or and such Lender’s participation therein in the Loans subjectLoan, provided that, if such promotional materials reference Borrower or Guarantor by name, such promotional materials shall have been approved by Borrower, in each caseits reasonable discretion, prior to Borrower’s approval, which approval shall not be unreasonably withheld, conditioned or delayedthe publication thereof. All references to the Administrative Agent or any Lender contained in any press release, advertisement or promotional material issued by Borrower or Borrower shall be approved in writing by the Administrative Agent and such Lender in advance of issuance.

Appears in 1 contract

Samples: Loan Agreement (Summit Healthcare REIT, Inc)

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Promotional Material. Borrower authorizes the Borrowers authorize Administrative Agent and each of the Lenders Lender to issue press releases, advertisements and other promotional materials in connection with the Administrative Agent’s or such Lender’s own promotional and marketing activities, and describing the Loans and the Project in general terms or in detail and the Administrative Agent’s or such Lender’s participation in the Loans subjectLoans, provided that all references to Borrowers contained in each caseany such press releases, to Borrower’s approval, which approval advertisements or promotional materials shall not be unreasonably withheld, conditioned or delayedapproved in writing by Borrowers in advance of issuance. All references to the Administrative Agent or any Lender contained in any press release, advertisement or promotional material issued by Borrower or Borrower Borrowers shall be approved in writing by the Administrative Agent and such Lender in advance of issuance.

Appears in 1 contract

Samples: Loan Agreement (Colony Financial, Inc.)

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