Approval Standard definition

Approval Standard shall have the meaning ascribed to such term in Section 6.1 hereof.
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Approval Standard shall have the meaning ascribed such term in Section 7.2.
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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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Examples of Approval Standard in a sentence

  • Each request by Borrower for approval and consent by Lender pursuant to this Section 5.38 shall be in writing and be subject to the Deemed Approval Standard.

  • Factory Mutual Standard 4470 - Approval Standard for Class 1 Roof Covers.

  • Each request by Borrower for approval and consent by Lender pursuant to this Section 5.25 shall be in writing and be subject to the Deemed Approval Standard.

  • FM Global Compliance: Certification that the roofing/waterproofing membrane meets FM Global Approval Standard 4470 for Class I roof covers, on non-combustible substrates, with a Class 1-990 wind uplift rating, a hail rating of SH and is ASTM E-108-00 Class A approved at a slope of 1 in 12.

  • Approval Standard for Firestop Contractors; Factory Mutual Research Corporation; 2013.

  • Approval Standard for Single-Ply, Polymer-Modified Bitumen Sheet, Built-Up Roof (BUR) and Liquid Applied Roof Assemblies for use in Class 1 and Noncombustible Roof Deck Construction.

  • Any Major Leases executed after the date hereof shall be subject to the prior written approval of Lender, which approval shall be subject to the Deemed Approval Standard.

  • 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.

  • Unless expressly stated otherwise in this measure, Supportive Housing Services Revenues may only be used for the purposes set forth in Sections 3-4.

  • The core shall have a maximum flame spread of 25 and a maximum smoke developed rating of 450.FM Approval Standard 4880, 50’ (15.24 m) High Corner Test for Unlimited Height Structures: The panel assembly shall not support a self-propagating fire which reaches any of the limits of the 50’ (15.24 m) high corner test structure as evidenced by flaming or material damage of the ceiling of the assembly.


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

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

  • Approval means the written consent of the Authority.

  • 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: (i) “Environmental and Social Standard 1: Assessment and Management of Environmental and Social Risks and Impacts”; (ii) “Environmental and Social Standard 2: Labor and Working Conditions”; (iii) “Environmental and Social Standard 3: Resource Efficiency and Pollution Prevention and Management”;

  • 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.