LENDER-REQUESTED MODIFICATIONS Sample Clauses
The LENDER-REQUESTED MODIFICATIONS clause allows the lender to propose changes to the terms or documents associated with a loan agreement. In practice, this clause typically outlines the process by which the lender can request amendments, such as providing written notice to the borrower and specifying the types of modifications that may be considered, like adjustments to repayment schedules or collateral requirements. Its core function is to provide flexibility for the lender to address unforeseen circumstances or regulatory requirements, ensuring the loan agreement remains effective and compliant throughout its term.
LENDER-REQUESTED MODIFICATIONS. If, in connection with obtaining financing or refinancing for the Property or Complex a prospective lender shall request reasonable modifications to this Lease as a condition to such financing or refinancing, Tenant shall not withhold, delay, or unreasonably condition its consent thereto. It is agreed that, among the modifications which shall be deemed reasonable, are modifications to the subordination and attornment provisions of this Lease, modifications to the notice provisions of this Lease, modifications to the provisions of this Lease which permit the lender to cure any defaults by Landlord, and modifications to the provisions which grant additional time to cure as may be reasonably required by the lender.