Required Consents; Limits Liability. Notwithstanding anything to the contrary contained in this Agreement (other than the last sentence of this Section 9.1 and Section 9.3), Debtor shall not permit to be taken any action enumerated in Section 6.1 of the Servicing Agreement, any action described in the LLC Operating Agreement as requiring the consent of the Initial Member and/or the Purchase Money Notes Guarantor, as applicable (including but not limited to the actions enumerated in Section 3.4, the last sentence of Section 5.3(b) and Section 8.1 of the LLC Operating Agreement) or any action enumerated below without the prior written consent of the Initial Member and, until the Purchase Money Notes Defeasance Date, the Purchase Money Notes Guarantor, which consent may be withheld or conditioned in the Collateral Agent’s sole and absolute discretion:
Appears in 3 contracts
Samples: Security and Guaranty Agreement, Security and Guaranty Agreement by And, Security and Guaranty Agreement
Required Consents; Limits Liability. Notwithstanding anything to the contrary contained in this Agreement (other than the last sentence of this Section 9.1 and Section 9.39.1), Debtor shall not permit to be taken any action enumerated in Section 6.1 of the Servicing Agreement, any action described in the LLC Operating Agreement as requiring the consent of the Initial Member and/or the Purchase Money Notes Guarantor, as applicable (including but not limited to the actions enumerated in Section 3.4, the last sentence of Section 5.3(b) and Section 8.1 of the LLC Operating Agreement) or any action enumerated below without the prior written consent of the Initial Member and, until the Purchase Money Notes Defeasance Date, the Purchase Money Notes Guarantor, which consent may be withheld or conditioned in the Collateral Agent’s sole and absolute discretion:
Appears in 1 contract
Samples: Reimbursement, Security and Guaranty Agreement by And
