Requested Modifications. If a prospective mortgagee requires reasonable amendments, modifications, or supplements of or to the Mixed-Use Provisions as a condition to making a loan to Company, then the Town Bodies shall execute an agreement amending, modifying, or supplementing the Mixed-Use Provisions as required by the prospective mortgagee; provided that the foregoing shall apply only so long as: (i) there will be no material adverse effect on the Town Bodies, or the rights of the Town Bodies under the Mixed-Use Provisions; and (ii) the obligations of Company under the Agreement will not be reduced in any material respect.
Appears in 2 contracts
Sources: Project Agreement, Project Agreement