Common use of Sole Discretion of Mortgagee Clause in Contracts

Sole Discretion of Mortgagee. Whenever Mortgagee’s judgment, consent, action or approval is required hereunder for any matter, or Mortgagee shall have an option or election hereunder, such judgment, the decision whether or not to consent to or approve the same or the exercise of such option or election shall be in the sole discretion of Mortgagee acting solely at the written direction of the Lenders, except as otherwise expressly provided herein. It is understood that all rights granted herein shall not be interpreted or construed to create any additional obligation on the Mortgagee.

Sole Discretion of Mortgagee. Whenever Mortgagee’s 's judgment, consent, action consent or approval is required hereunder for any matter, or Mortgagee either shall have an option or election hereunder, such judgment, the decision as to whether or not to consent to or approve the same or the exercise of such option or election shall be in the sole discretion of Mortgagee acting solely at the written direction of the LendersMortgagee, except as unless otherwise expressly provided herein. It is understood that all rights granted specified herein shall not to be interpreted reasonably given or construed to create any additional obligation on the Mortgageeexercised.

Sole Discretion of Mortgagee. Whenever Except as expressly provided herein, whenever Mortgagee’s 's judgment, consent, action consent or approval is required hereunder for any matter, or Mortgagee shall have an option or election hereunder, such judgment, the decision whether or not to consent to or approve the same or the exercise of such option or election shall be in the sole discretion of Mortgagee acting solely at the written direction of the Lenders, except as otherwise expressly provided herein. It is understood that all rights granted herein shall not be interpreted or construed to create any additional obligation on the Mortgagee.

Sole Discretion of Mortgagee. Whenever Mortgagee’s judgment, consent, action consent or approval is required hereunder for any matter, or Mortgagee shall have an option or election hereunder, such judgment, the decision whether or not to consent to or approve the same or the exercise of such option or election shall be in the sole discretion of Mortgagee acting solely at the written direction of the LendersMortgagee, except as otherwise expressly provided herein. It is understood that all rights granted herein shall not be interpreted or construed to create any additional obligation on the Mortgagee.