Common use of Approvals of Lenders Clause in Contracts

Approvals of Lenders. All communications from the Agent to any Lender requesting such Lender’s consent to any amendments, waivers and consents under Section 12.6, (a) shall be given in the form of a written notice to such Lender and (b) shall be accompanied by a description of the matter or issue as to which such consent is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved. Each Lender shall reply promptly, but in any event within twenty (20) Business Days (or such lesser or greater period as may be specifically required under the Loan Documents) of receipt of such communication. Except as otherwise provided in this Agreement and except with respect to items requiring the unanimous consent or approval of the Lenders under Section 12.6, unless a Lender shall give written notice to the Agent that it specifically objects to the requested amendment, waiver or consent (together with a written explanation of the reasons behind such objection) within the applicable time period for reply, such Lender shall be deemed to have conclusively approved of or consented to such requested amendment, waiver or consent.

Appears in 3 contracts

Samples: Term Loan Agreement (Columbia Property Trust, Inc.), Credit Agreement (Columbia Property Trust, Inc.), Credit Agreement (Columbia Property Trust, Inc.)

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Approvals of Lenders. All communications from the Agent to any Lender requesting such Lender’s consent to any amendments, waivers and consents under Section 12.6, (a) shall be given in the form of a written notice to such Lender and (b) shall be accompanied by a description of the matter or issue as to which such consent is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved. Each Lender shall reply promptly, but in any event within twenty (20) Business Days (or such lesser or greater period as may be specifically required under the Loan Documents) of receipt of such communication. Except as otherwise provided in this Agreement and except with respect to items requiring the unanimous consent or approval of the Lenders under Section 12.6, unless a Lender shall give written notice to the Agent that it specifically objects to the - 71 - requested amendment, waiver or consent (together with a written explanation of the reasons behind such objection) within the applicable time period for reply, such Lender shall be deemed to have conclusively approved of or consented to such requested amendment, waiver or consent.. Section 11.6

Appears in 1 contract

Samples: Term Loan Agreement

Approvals of Lenders. All communications from the Administrative Agent to any Lender requesting such Lender’s consent to any amendmentsdetermination, waivers and consents under Section 12.6consent, approval or disapproval (a) shall be given in the form of a written notice to such Lender and Lender, (b) shall be accompanied by a description of the matter or issue as to which such determination, approval, consent or disapproval is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved, (c) shall include, if reasonably requested by such Lender and to the extent not previously provided to such Lender, written materials provided to the Administrative Agent by the Borrower in respect of the matter or issue to be resolved. Each Except for the amendments, consents or waivers that require the approval of specific Lenders or the Administrative Agent as set forth in clauses (a) through (f) of Section 9.01, unless a Lender shall reply promptlygive written notice to the Administrative Agent that it specifically objects to the requested determination, but in any event consent, approval or disapproval (together with a reasonable written explanation of the reasons behind such objection) within twenty ten (2010) Business Days (or such lesser or greater period as may be specifically required under the Loan LEGAL02/34647694v6 express terms of the Credit Documents) of receipt of such communication. Except as otherwise provided in this Agreement and except with respect to items requiring the unanimous consent or approval of the Lenders under Section 12.6, unless a Lender shall give written notice to the Agent that it specifically objects to the requested amendment, waiver or consent (together with a written explanation of the reasons behind such objection) within the applicable time period for reply, such Lender shall be deemed to have conclusively approved of or consented to such requested amendmentdetermination, waiver consent, approval or consentdisapproval.

Appears in 1 contract

Samples: Term Loan Agreement (Healthcare Realty Trust Inc)

Approvals of Lenders. All communications from the Agent to any Lender requesting such Lender’s consent to any amendments, waivers and consents under Section 12.6, (a) shall be given in the form of a written notice to such Lender and (b) shall be accompanied by a description of the matter or issue as to which such consent is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved. Each Lender shall reply promptly, but in any event within twenty (20) Business Days (or such lesser or greater period as may be specifically required under the Loan Documents) of receipt of such communication. Except as otherwise provided in this Agreement and except with respect to items requiring the unanimous consent or approval of the Lenders under Section 12.6, unless a Lender shall give written notice to the Agent that it specifically objects to the requested amendment, waiver or consent (together with a written explanation of the reasons behind such A/75663178.5 objection) within the applicable time period for reply, such Lender shall be deemed to have conclusively approved of or consented to such requested amendment, waiver or consent.

Appears in 1 contract

Samples: Term Loan Agreement (Columbia Property Trust, Inc.)

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Approvals of Lenders. All communications from the Agent to any Lender requesting such Lender’s consent to any amendments, waivers and consents under Section 12.6, (a) shall be given in the form of a written notice to such Lender and (b) shall be accompanied by a description of the matter or issue as to which such consent is requested, or shall advise such Lender where information, if any, regarding such matter or issue may be inspected, or shall otherwise describe the matter or issue to be resolved. Each Lender shall reply promptly, but in any event within twenty (20) Business Days (or such lesser or greater period as may be specifically required under the Loan Documents) of receipt of such communication. Except as otherwise provided in this Agreement and except with respect to items requiring the unanimous consent or approval of the Lenders under Section 12.6, unless a Lender shall give written notice to the Agent that it specifically objects to the requested amendment, waiver or consent (together with a written explanation of the reasons behind such 70 A/75663178.5 objection) within the applicable time period for reply, such Lender shall be deemed to have conclusively approved of or consented to such requested amendment, waiver or consent.. Section 11.6

Appears in 1 contract

Samples: Term Loan Agreement

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