Common use of Concession Agreement Clause in Contracts

Concession Agreement. Without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not cause or permit Mortgage Borrower to (a) surrender, terminate or cancel the Concession Agreement; (b) reduce or consent to the reduction of the term of the Concession Agreement; (c) decrease or consent to the decrease of the amount of any charges due by the Operator under the Concession Agreement; or (d) modify, change, supplement, alter or amend, in any material respect the Concession Agreement or waive or release, in any material respect any of Borrower’s rights and remedies under the Concession Agreement;

Concession Agreement. Without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not cause or permit Mortgage Borrower to (a) surrender, terminate or cancel the Concession Agreement; (b) reduce or consent to the reduction of the term of the Concession Agreement; (c) decrease or consent to the decrease of the amount of any charges due by the Operator under the Concession Agreement; or (d) modify, change, supplement, alter or amend, in any material respect the Concession Agreement or waive or release, in any material respect any of Borrower’s rights and remedies under the Concession Agreement;