Common use of Sole Discretion of Lender Clause in Contracts

Sole Discretion of Lender. Except as otherwise expressly stated, whenever Lender’s judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.

Appears in 20 contracts

Samples: Security Agreement (250 West 57th St Associates L.L.C.), And Consolidated Mortgage and Security Agreement (Mack Cali Realty L P), Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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Sole Discretion of Lender. Except as otherwise expressly stated, whenever LenderXxxxxx’s judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.

Appears in 4 contracts

Samples: And Consolidated Mortgage and Security Agreement (Mack Cali Realty Corp), And Consolidated Mortgage and Security Agreement (Mack Cali Realty L P), Trust and Security Agreement (Hines Real Estate Investment Trust Inc)

Sole Discretion of Lender. Except as otherwise expressly stated, whenever LenderLxxxxx’s judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.

Appears in 2 contracts

Samples: Trust, Security Agreement and Fixture Filing (CNL Hotels & Resorts, Inc.), Multi State Mortgage and Security Agreement (CNL Hotels & Resorts, Inc.)

Sole Discretion of Lender. Except as otherwise expressly stated, whenever Lender’s 's judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Cornerstone Realty Income Trust Inc), Mortgage and Security Agreement (Cornerstone Realty Income Trust Inc)

Sole Discretion of Lender. Except as otherwise expressly stated, whenever Lender’s judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.,

Appears in 1 contract

Samples: Mortgage and Security Agreement (Eagle Hospitality Properties Trust, Inc.)

Sole Discretion of Lender. Except as otherwise expressly statedprovided herein, whenever Lender’s judgment, consent, or approval is required hereunder for any matter, or Lender shall have an option or election under the Documentshereunder, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Techprecision Corp)

Sole Discretion of Lender. Except as otherwise expressly stated, whenever LenderXxxxxx’s judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of LenderLender (exercised in good faith).

Appears in 1 contract

Samples: Trust, Security Agreement and Fixture Filing (Saul Centers Inc)

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Sole Discretion of Lender. Except as otherwise expressly stated, whenever Lender’s judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.. CENTRAL\31200109.7 -37-

Appears in 1 contract

Samples: Loan Agreement (FelCor Lodging Trust Inc)

Sole Discretion of Lender. Except as otherwise expressly stated, whenever LenderLexxxx’s judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.

Appears in 1 contract

Samples: And Consolidated Mortgage and Security Agreement (Mack Cali Realty L P)

Sole Discretion of Lender. Except as otherwise expressly stated, whenever Lender’s judgment, consent, or approval is required or Lender shall have an option or election under the Loan Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.

Appears in 1 contract

Samples: Phillips Edison Grocery Center Reit I, Inc.

Sole Discretion of Lender. Except as otherwise expressly stated, whenever Lender’s judgment, consent, or approval is required or Lender shall have an option or election under the Documents, such judgment, the decision as to whether or not to consent to or approve the same, or the exercise of such option or election shall be in the sole and absolute discretion of Lender.. Prudential Loan 6 1xx xxx Xxxx (Second Funding)/ Mortgage

Appears in 1 contract

Samples: Mortgage and Security Agreement (250 West 57th St Associates L.L.C.)

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