Common use of Approval Rights Clause in Contracts

Approval Rights. (a) Borrowers shall not, and shall not permit any Operator to, without Agent's prior written consent, enter into or amend (in any material respect) any Lease or other rental or occupancy agreement or concession agreement with respect to a Project except as expressly permitted hereunder.

Appears in 1 contract

Samples: Loan Agreement (Brookdale Senior Living Inc.)

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Approval Rights. (a) Borrowers No Borrower shall, nor shall notit permit Emeritus, and shall not permit any Operator in its capacity as the manager of the Facilities, to, without Administrative Agent's prior written consent, enter into or amend (in any material respect) any Lease or other rental or occupancy agreement or concession agreement with respect to a Project any Facility except as expressly permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Emeritus Corp\wa\)

Approval Rights. (a) Borrowers shall not, not and shall not permit any Operator Property Manager or Master Tenant to, without Agent's ’s prior written consent, such consent not to be unreasonably withheld, conditioned or delayed, enter into or amend (in any material respect) any Lease or other rental or occupancy agreement or concession agreement with respect to a Project except as expressly permitted hereunder.

Appears in 1 contract

Samples: Loan Agreement (Cornerstone Healthcare Plus Reit, Inc.)

Approval Rights. (a) Borrowers No Borrower shall not, and nor shall not it permit any Operator Master Tenant or Guarantor to, without Administrative Agent's prior written consent, enter into or amend (in any material respect) any Lease or other rental or occupancy agreement or concession agreement with respect to a Project any Facility except as expressly permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Emeritus Corp\wa\)

Approval Rights. (a) Borrowers Borrower shall not, not and shall not permit any Operator Master Tenant or Guarantor to, without Agent's prior written consent, enter into or amend (in any material respect) any Lease or other rental or occupancy agreement or concession agreement with respect to a the Project except as expressly permitted hereunder.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

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Approval Rights. (a) Borrowers Borrower shall not, not and shall not permit any Operator Guarantor to, without Agent's prior written consent, enter into or amend (in any material respect) any Lease or other rental or occupancy agreement or concession agreement with respect to a Project the Projects except as expressly permitted hereunder.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Approval Rights. (a) Borrowers shall not, not and shall not permit any Operator Master Tenant to, without Agent's prior written consent, enter into or amend (in any material respect) any Lease or other rental or occupancy agreement or concession agreement with respect to a Project except as expressly permitted hereunder.

Appears in 1 contract

Samples: Loan Agreement (Ensign Group, Inc)

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