Common use of Material Leases Clause in Contracts

Material Leases. Borrower shall not enter into a proposed Material Lease or a proposed renewal, extension or modification of an existing Material Lease without the prior written consent of Lender, which consent shall not, so long as no Event of Default is continuing, be unreasonably withheld or delayed. Prior to seeking Lender’s consent to any Material Lease, Borrower shall deliver to Lender a copy of such proposed Material Lease (a “

Appears in 1 contract

Sources: Loan Agreement (Gladstone Commercial Corp)

Material Leases. No Borrower shall not enter into a proposed Material Lease or a proposed renewal, extension or modification of an existing Material Lease without the prior written consent of Lender, which consent shall not, so long as no Event of Default is continuing, be unreasonably withheld or delayed. Prior to seeking Lender’s consent to any Material Lease, Borrower shall deliver to Lender a copy of such proposed Material Lease (a “unreasonably

Appears in 1 contract

Sources: Loan Agreement (Lodgian Inc)

Material Leases. (a) No Borrower shall not enter into a proposed Material Lease or a proposed renewal, extension or modification of an existing Material Lease without the prior written consent of Lender, which consent shall not, so long as no Event of Default is continuing, be unreasonably withheld withheld, conditioned or delayed. Prior to seeking Lender’s 's consent to any Material Lease, Borrower Borrowers shall deliver to Lender a copy of such proposed Material Lease lease (a "

Appears in 1 contract

Sources: Loan Agreement (Parking REIT, Inc.)