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, whether or not such consent or approval is required hereunder (and no such requirement shall be inferred from any such request), such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or sooner if such notice specifies a shorter period based on Administrative Agent's good faith determination that circumstances warrant an earlier response) after such written request from the Administrative Agent. If any Lender does not so respond, that Lender shall be deemed to have approved the request. Upon request, the Administrative Agent shall notify the Lenders which Lenders, if any, failed to respond to a request for approval.

Appears in 3 contracts

Samples: Revolving and Term Credit Agreement (General Growth Properties Inc), Revolving Credit Agreement (General Growth Properties Inc), Term Credit Agreement (General Growth Properties Inc)

AutoNDA by SimpleDocs

Requests for Approval. If the Administrative Agent requests in --------------------- writing the consent or approval of a Lender, whether or not such consent or approval is required hereunder (and no such requirement shall be inferred from any such request), such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or sooner if such notice specifies a shorter period period, but in no event less than five (5) Business Days, for responses based on Administrative Agent's good faith determination that circumstances warrant exist warranting its request for an earlier response) after such written request from the Administrative Agent. If any the Lender does not so respond, that Lender shall be deemed to have approved the request. Upon request, the Administrative Agent shall notify the Lenders which Lenders, if any, failed to respond to a request for approval.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Rouse Company), Credit Agreement (Rouse Company)

Requests for Approval. If the Administrative Agent requests in writing the consent or approval of a Lender, whether or not such consent or approval is required hereunder (and no such requirement shall be inferred from any such request), such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten seven (107) Business Days (or sooner if such notice specifies a shorter period based on Administrative Agent's good faith determination that circumstances warrant an earlier response) after such written request from the Administrative Agent. If any Lender does not so respond, that Lender shall be deemed to have approved the request. Upon request, the Administrative Agent shall notify the Lenders which Lenders, if any, failed to respond to a request for approval.

Appears in 2 contracts

Samples: Assignment Agreement (Great Lakes Reit Inc), Assignment Agreement (Great Lakes Reit Inc)

AutoNDA by SimpleDocs

Requests for Approval. If the Administrative Agent requests in --------------------- writing the consent or approval of a Lender, whether or not such consent or approval is required hereunder (and no such requirement shall be inferred from any such request), such Lender shall respond and either approve or disapprove definitively in writing to the Administrative Agent within ten (10) Business Days (or sooner if such notice specifies a shorter period based on Administrative Agent's good faith determination that circumstances warrant an earlier response) after such written request from the Administrative Agent. If any Lender does not so respond, that Lender shall be deemed to have approved the request. Upon request, the Administrative Agent shall notify the Lenders which Lenders, if any, failed to respond to a request for approval.

Appears in 1 contract

Samples: Revolving Credit Agreement (General Growth Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!