Change in Scope of Project. In the event that the SCA has materially defaulted under the School Unit Purchase Agreement, Borrower may request that Lender consent to a change in the scope of the Project, which consent may be withheld in Lender’s sole and absolute discretion.
Appears in 2 contracts
Samples: Master Loan Agreement (Trinity Place Holdings Inc.), Master Loan Agreement (Trinity Place Holdings Inc.)
Change in Scope of Project. In the event that the SCA has materially defaulted under the School Unit Purchase Agreement, Borrower may request that Lender Administrative Agent consent to a change in the scope of the Project, which consent may be withheld in LenderAdministrative Agent’s sole and absolute discretion.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Trinity Place Holdings Inc.), Mezzanine Loan Agreement (Trinity Place Holdings Inc.)
