Common use of Requests for Approval Clause in Contracts

Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or by such earlier date as is conspicuously noted in such request if the Administrative Agent has made a reasonable determination that the Borrower has a legitimate business reason for seeking such consent or approval on an expedited basis) after such written request from the Administrative Agent. If the Lender does not so respond to a request with a ten (10) Business Day response time, that Lender shall be deemed to have approved the request. If the Lender does not so respond to request with less than a ten (10) Business Day response time, that Lender shall be deemed to have denied the request.

Appears in 7 contracts

Samples: Assignment Agreement (InvenTrust Properties Corp.), Credit Agreement (InvenTrust Properties Corp.), Assignment Agreement (InvenTrust Properties Corp.)

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Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or by sooner if such earlier date as is conspicuously noted notice specifies a shorter period, but in such request if the no event less than five Business Days for responses based on Administrative Agent has made a reasonable Agent’s good faith determination that the Borrower has a legitimate business reason circumstances exist warranting its request for seeking such consent or approval on an expedited basisearlier response) after such written request from the Administrative AgentAgent provided that the request for approval states the time by which a response is needed before approval is deemed given. If the Lender does not so respond to a request with a ten (10) Business Day response timerespond, that Lender shall be deemed to have approved the request. If Upon request, the Lender does not so Administrative Agent shall notify the Lenders which Lenders, if any, failed to respond to a request with less than a ten (10) Business Day response time, that Lender shall be deemed to have denied the requestfor approval.

Appears in 5 contracts

Samples: Unsecured Revolving Credit And (First Industrial Realty Trust Inc), Unsecured Term Loan Agreement (First Industrial Realty Trust Inc), Term Loan Agreement (First Industrial Realty Trust Inc)

Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or by sooner if such earlier date as is conspicuously noted notice specifies a shorter period, but in such request if the no event less than five Business Days for responses based on Administrative Agent has made a reasonable Agent's good faith determination that the Borrower has a legitimate business reason circumstances exist warranting its request for seeking such consent or approval on an expedited basisearlier response) after such written request from the Administrative AgentAgent provided that the request for approval states the time by which a response is needed before approval is deemed given. If the Lender does not so respond to a request with a ten (10) Business Day response timerespond, that Lender shall be deemed to have approved the request. If Upon request, the Lender does not so Administrative Agent shall notify the Lenders which Lenders, if any, failed to respond to a request with less than a ten (10) Business Day response time, that Lender shall be deemed to have denied the requestfor approval.

Appears in 2 contracts

Samples: Revolving Credit Agreement (First Industrial Realty Trust Inc), Credit Agreement (First Industrial Realty Trust Inc)

Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or by such earlier date as is conspicuously noted in such request if the Administrative Agent has made a reasonable determination that the Borrower has a legitimate business reason for seeking such consent or approval on an expedited basis) after such written request from the Administrative Agent. If the Lender does not so respond to a request with a ten (10) Business Day response time, that Lender shall be deemed to have approved the request. If the Lender does not so respond to a request with less than a ten (10) Business Day response time, that Lender shall be deemed to have denied the request.

Appears in 2 contracts

Samples: Credit Agreement (Inland Real Estate Income Trust, Inc.), Credit Agreement (Inland Real Estate Income Trust, Inc.)

Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or by such earlier date as is conspicuously noted in such request if the Administrative Agent has made a reasonable determination that the Borrower has a legitimate business reason for seeking such consent or approval on an expedited basis) after such written request from the Administrative Agent. If the Lender does not so respond to a request with a ten (10) Business Day response time, that Lender shall be deemed to have approved the request. If the Lender does not so respond to request with less than a ten (10) Business Day response time, that Lender Xxxxxx shall be deemed to have denied the request.. - 115 - US_Active\121281000US_ACTIVE\127990919\V-10-8

Appears in 1 contract

Samples: Credit Agreement (InvenTrust Properties Corp.)

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Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or by such - 98 - US_Active\121347781\V-16 earlier date as is conspicuously noted in such request if the Administrative Agent has made a reasonable determination that the Borrower has a legitimate business reason for seeking such consent or approval on an expedited basis) after such written request from the Administrative Agent. If the Lender does not so respond to a request with a ten (10) Business Day response time, that Lender shall be deemed to have approved the request. If the Lender does not so respond to request with less than a ten (10) Business Day response time, that Lender Xxxxxx shall be deemed to have denied the request. 10.14.

Appears in 1 contract

Samples: Term Loan Credit Agreement (InvenTrust Properties Corp.)

Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or by such earlier date as is conspicuously noted in such request if the Administrative Agent has made a reasonable determination that the Borrower has a legitimate business reason for seeking such 104 LEGAL02/41239043v9 consent or approval on an expedited basis) after such written request from the Administrative Agent. If the Lender does not so respond to a request with a ten (10) Business Day response time, that Lender shall be deemed to have approved the request. If the Lender does not so respond to a request with less than a ten (10) Business Day response time, that Lender shall be deemed to have denied the request.

Appears in 1 contract

Samples: Credit Agreement (Inland Real Estate Income Trust, Inc.)

Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or by such earlier date as is conspicuously noted in such request if the Administrative Agent has made a reasonable determination that the Borrower has a legitimate business reason for seeking such consent or approval on an expedited basis) after such written request from the Administrative Agent. If the Lender does not so respond to a request with a ten (10) Business Day response time, that Lender shall be deemed to have approved the request. If the Lender does not so respond to request with less than a ten (10) Business Day response time, that Lender Xxxxxx shall be deemed to have denied the request. - 116 - US_ACTIVEActive\121281000\V-110 10.14.

Appears in 1 contract

Samples: Credit Agreement (InvenTrust Properties Corp.)

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