Common use of Approval of Major Contracts Clause in Contracts

Approval of Major Contracts. Each Borrower shall obtain, or cause Operating Lessee to obtain, Lender’s prior written approval of any and all Major Contracts affecting the Property owned by such Borrower, which approval may be granted or withheld in Lender’s sole discretion; provided, however, that this Section shall not apply to the Management Agreements which are the subject matter of Article 7 of this Agreement.