Lender Approval definition
Examples of Lender Approval in a sentence
The Borrower shall not assign or transfer any of its rights or obligations under any of the Loan Documents without prior Unanimous Lender Approval.
Except for the Lender Approval, no authorization, consent, approval, or other action by any person, entity or governmental authority is required in connection with the Seller’s execution and delivery of this Agreement or the consummation of the transaction contemplated hereby.
Seller agrees that it will promptly seek the requisite approval and consent to this Contract and to the sale and transfer of the Property to Purchaser from the Existing Lender (the "Existing Lender Approval").
The Title Company, Seller’s counsel and Equity Escrow Holder (as applicable) shall all release and deliver to Buyer and Seller, as applicable, the agreements, documents and instruments delivered into Escrow (the “Closing”) on or before the date which is fifteen (15) days after receipt of the Lender Approval (the “Closing Date”).
Notwithstanding the foregoing, in the event that Seller has not obtained the Existing Lender Approval on or prior to the Closing Date, then the Closing Date shall be automatically extended for up to thirty (30) days to enable Seller to obtain such approval without the necessity of Seller and Purchaser executing any further amendments to this Contract.