Approval Standard definition

Approval Standard shall have the meaning ascribed to such term in Section 6.1 hereof.
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Approval Standard means, with respect to certain consent rights of Lender in the Loan Documents and which consent rights are made expressly subject to the “Approval Standard”, any action by Borrower or Operating Lessee that requires the prior approval of Lender shall, following a Securitization, be subject to the following standards:
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Approval Standard shall have the meaning ascribed such term in Section 7.2. "Article III Representations and Warranties" shall have the meaning ascribed thereto in Article III.
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Examples of Approval Standard in a sentence

  • Seller may cancel any Operating Agreement, Occupancy Agreement or Leased Property Agreement at any time prior to the Closing with the prior written consent of Purchaser, which consent shall be subject to the Approval Standard; provided, however, if Seller elects to cancel any such agreement, Seller shall pay any termination fee associated with such termination, and shall give Purchaser notice of such termination.

  • Seller shall not before or after Closing release or modify any Warranties and Guaranties, if any, except with the prior written consent of Purchaser, which consent shall be subject to the Approval Standard.

  • Neither Fee Owner nor Operating Lessee shall before or after Closing release or modify any Warranties and Guaranties, if any, except with the prior written consent of Purchaser, which consent shall be subject to the Approval Standard.


More Definitions of Approval Standard

Approval Standard shall have the meaning ascribed such term in Section 7.2. "Article III Representations and Warranties" shall have the meaning ascribed thereto in Article III.
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Related to Approval Standard

  • Technical standard means a document that specifies design, predicted performance and operation and maintenance specifications for a material, device or method.

  • Technical Standards means the technical standards set out in paragraph 2.5 of the Order Form;

  • National Standards means the document entitled “National Standards for the Volatile Organic Compound Content of Canadian Commercial/Industrial Surface Coating Products Automotive Refinishing, October 1998, PN 1288" and published by the Canadian Council of Ministers of the Environment;

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Environmental Standards means regulations or certification specifications governing the certification of designs with regard to noise characteristics and exhaust emissions of civil aeronautical products and appliances.

  • Operational Manual means the manual referred to in Section 3.03 of this Agreement;

  • Approval means the prior written consent of the Authority and "Approve" and "Approved" shall be construed accordingly;

  • CPUC Approval means a final and non-appealable order of the CPUC, without conditions or modifications unacceptable to the Parties, or either of them, which contains the following terms:

  • Design Standards means the standards developed as a requirement of the Programmatic Agreement

  • Construction Change Directive means an approved change in the Work issued by the Owner without the complete agreement of Contractor as to cost and/or time.

  • Specifications and Standards means the specifications and standards relating to the quality, quantity, capacity and other requirements for the Project Highway, as set forth in Schedule-D, and any modifications thereof, or additions thereto, as included in the design and engineering for the Project Highway submitted by the Contractor to, and expressly approved by, the Authority;

  • Environmental and Social Standards or “ESSs” means, collectively:

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Drug Approval Application means an application for Regulatory Approval of a Licensed Product as a pharmaceutical product in a country in the Territory.

  • Environmental and Social Standard 8: Cultural Heritage”; (ix) “Environmental and Social Standard 9: Financial Intermediaries”; (x) “Environmental and Social Standard 10: Stakeholder Engagement and Information Disclosure”; effective on October 1, 2018, as published by the Bank.