Landlord Consents definition
Examples of Landlord Consents in a sentence
If any International Based Financed Equipment is not located at a permitted foreign location, or is not in transit thereto, within 90 days following the Advance Date applicable to such International Based Financed Equipment, then Borrower shall deliver, or cause to be delivered, promptly to Lender fully-executed Landlord Consents for any premises where such International Based Financed Equipment is located.
Notwithstanding the foregoing, (i) Seller and the Company make no representation or warranty to Buyer as to when, or whether, any consents referenced in Item 7 of Schedule 3.5 (“Landlord Consents”) will actually be obtained, and (ii) the failure to obtain any such Landlord Consents shall not delay the Closing Date or create any liability on the part of Seller or the Company to Buyer hereunder (except to the extent set forth in Section 10.2(I)(i)).
Each of the Landlord Consents shall include their respective approvals of the TI Plans, pursuant to Subsection 4.4 below.
If Loan Party fails to provide the Landlord Consents required hereunder and Requisite Lenders determine in their sole discretion that such failure results in a material impairment of Lenders' security for the Loans.
Each Loan Party shall maintain in force and renew as necessary all Site Leases and shall obtain such Landlord Consents as Administrative Agent or Requisite Lenders shall reasonably request to protect its and their Liens and access to the Collateral.