Common use of Certain Owner Approvals Clause in Contracts

Certain Owner Approvals. Notwithstanding any provisions of this Agreement (including, without limitation, Section 4.1 hereof), but without limiting the other restrictions on Developer’s authority contained herein, Developer shall not take any action, expend any sum, make any decision, give any consent, approval or authorization, enter into any agreement or incur any obligation with respect to any of the following matters unless and until the same have been approved in writing by Owner (which approvals Owner shall grant or withhold within three (3) Business Days after receipt of a written request, provided that if any Construction Lender’s consent or approval is required therefor under the Construction Loan documents or under the LLC Agreement, then such three (3) Business Day period shall be tolled until any Construction Lender’s or Owner's consent or approval, as the case may be, is granted):

Appears in 2 contracts

Samples: Development Agreement, Development Agreement (Bluerock Residential Growth REIT, Inc.)

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Certain Owner Approvals. Notwithstanding any provisions of this Agreement (including, without limitation, Section 4.1 hereof), but without limiting the other restrictions on Developer’s authority contained herein, Developer shall not take any action, expend any sum, make any decision, give any consent, approval or authorization, enter into any agreement or incur any obligation with respect to any of the following matters unless and until the same have been approved in writing by Owner (which approvals Owner shall grant or withhold within three (3) Business Days after receipt of a written request, provided that if any Construction Lender’s consent or approval is required therefor under the Construction Loan loan documents or under the LLC Agreement, then such three (3) 3 Business Day period shall be tolled until any Construction Lender’s or Owner's consent or approval, as the case may be, is granted):

Appears in 1 contract

Samples: Development Agreement (Bluerock Residential Growth REIT, Inc.)

Certain Owner Approvals. Notwithstanding any provisions of this Agreement (including, without limitation, Section 4.1 hereof), but without limiting the other restrictions on Developer’s 's authority contained herein, Developer shall not take any action, expend any sum, make any decision, give any consent, approval or authorization, enter into any agreement or incur any obligation with respect to any of the following matters unless and until the same have been approved in writing by Owner (which approvals Owner shall grant or withhold within three (3) Business Days after receipt of a written request, provided that if any Construction Lender’s 's consent or approval is required therefor under the Construction Loan loan documents or under the LLC Agreement, then such three (3) 3 Business Day period shall be tolled until any Construction Lender’s 's or Owner's consent or approval, as the case may be, is granted):

Appears in 1 contract

Samples: Development Agreement (Bluerock Residential Growth REIT, Inc.)

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Certain Owner Approvals. Notwithstanding any provisions of this Agreement (including, without limitation, Section 4.1 hereof), but without limiting the other restrictions on Developer’s authority contained herein, Developer shall not take any action, expend any sum, make any decision, give any consent, approval or authorization, enter into any agreement or incur any obligation with respect to any of the following matters unless and until the same have been approved in writing by Owner (which approvals Owner shall grant or withhold within three (3) Business Days after receipt of a written request, provided that if any the Construction Lender’s consent or approval is required therefor under the Construction Loan loan documents or under the LLC Agreement, then such three (3) 3 Business Day period shall be tolled until any the Construction Lender’s or Owner's consent or approval, as the case may be, is granted):

Appears in 1 contract

Samples: Development Agreement (Bluerock Residential Growth REIT, Inc.)

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