Common use of Co-Lenders Clause in Contracts

Co-Lenders. (a) Each of Borrower and the other Loan Parties hereby acknowledges and agrees that notwithstanding the fact that the Loan may be serviced by Servicer, prior to a Securitization of the Loan, all requests for approval and consents hereunder and in every instance in which Lender’s consent or approval is required, each of Borrower and the other Loan Parties shall be required to obtain the consent and approval of each Co-Lender and all copies of documents, reports, requests and other delivery obligations of Borrower and the other Loan Parties required hereunder shall be delivered by Borrower and the other Loan Parties to each Co Lender.

Appears in 2 contracts

Samples: Mezzanine B Loan Agreement (BRE Select Hotels Corp), Mezzanine a Loan Agreement (BRE Select Hotels Corp)

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Co-Lenders. (a) Each of Borrower and the other Loan Parties hereby acknowledges and agrees aggress that notwithstanding the fact that the Loan may be serviced by Servicera Servicer appointed by Lender, prior to a Securitization of the LoanSecuritization, all requests for approval and consents hereunder and in every instance in which Lender’s 's consent or approval is required, each of Borrower and the other Loan Parties shall be required to obtain the consent and approval of all ofthe Persons which constitute Lender (each hereinafter referred to as a "Co-Lender and all Lender"). All copies of documents, reports, requests and other delivery obligations of Borrower and the other Loan Parties required hereunder shall be delivered by Borrower and the other Loan Parties to each Co Co-Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Etre Reit, LLC)

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Co-Lenders. (a) Each of Borrower and the other Loan Parties hereby acknowledges and agrees that notwithstanding the fact that the Loan may be serviced by Servicer, prior to a Securitization of the entire Loan, all requests for approval and consents hereunder and in every instance in which Lender’s consent or approval is required, each of Borrower and the other Loan Parties shall be required to obtain the consent and approval of each Co-Lender and all copies of documents, reports, requests and other delivery obligations of Borrower and the other Loan Parties required hereunder shall be delivered by Borrower and the other Loan Parties to each Co Co-Lender.

Appears in 1 contract

Samples: Management Agreement (ESH Hospitality LLC)

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