Common use of Unanimous Written Consent Clause in Contracts

Unanimous Written Consent. Regardless of the composition of the Advisory Committee, each Restricted Transaction must be approved in writing by each member of the Advisory Committee. The members of the Advisory Committee are under no obligation to consent to a Restricted Transaction. • If all of the members of the Advisory Committee approve a Restricted Transaction in writing, the Issuer will effect it at the option of the Collateral Manager (subject to the others terms of this Agreement and the Indenture). • If the members of the Advisory Committee notify the Collateral Manager that the Advisory Committee will not approve the Restricted Transaction, the Issuer will not effect the Restricted Transaction. If at any time the Advisory Committee does not have at least one Independent Member or any member does not have Requisite Experience, the Collateral Manager will not be permitted to use the Advisory Committee to approve any Restricted Transaction.

Appears in 2 contracts

Samples: Collateral Management Agreement (Gramercy Capital Corp), Collateral Management Agreement (Gramercy Capital Corp)

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Unanimous Written Consent. Regardless of the composition of the Advisory Committee, each Restricted Transaction must be approved in writing by each member of the Advisory Committee. The Advisory Committee will have no less than 10 Business Days after receipt of the Review Materials and any other information requested by the Advisory Committee to review such Restricted Transaction. The members of the Advisory Committee are under no obligation to consent to a Restricted Transaction. • If all of the members of the Advisory Committee approve a Restricted Transaction in writing, the Issuer will effect it at the option of the Collateral Manager (subject to the others terms of this Agreement and the Indenture)Manager. • If the members of the Advisory Committee notify the Collateral Manager that the Advisory Committee will not approve the Restricted Transaction, the Issuer will not effect the Restricted Transaction. If at any time the Advisory Committee does not have at least one Independent Member or any member does not have Requisite Experience, the Collateral Manager will not be permitted to use the Advisory Committee to approve any Restricted Transaction.

Appears in 2 contracts

Samples: Collateral Management Agreement (Lument Finance Trust, Inc.), Collateral Management Agreement (TPG RE Finance Trust, Inc.)

Unanimous Written Consent. Regardless of the composition of the Advisory Committee, each Restricted Transaction must be approved in writing by each member of the Advisory Committee. The Advisory Committee will have no less than 10 Business Days after receipt of the Review Materials and any other information requested by the Advisory Committee to review such Restricted Transaction. The members of the Advisory Committee are under no obligation to consent to a Restricted Transaction. • If all of the members of the Advisory Committee approve a Restricted Transaction in writing, the Issuer will effect it at the option of the Collateral Manager (subject to the others terms of this Agreement and the Indenture)Manager. • If the members of the Advisory Committee notify the Collateral Manager that the Advisory Committee will not approve the Restricted Transaction, the Issuer will not effect affect the Restricted Transaction. If at any time the Advisory Committee does not have at least one Independent Member or any member does not have Requisite Experience, the Collateral Manager will not be permitted to use the Advisory Committee to approve any Restricted Transaction.

Appears in 2 contracts

Samples: Collateral Management Agreement (TPG RE Finance Trust, Inc.), Collateral Management Agreement (TPG RE Finance Trust, Inc.)

Unanimous Written Consent. Regardless of the composition of the Advisory Committee, each Restricted Transaction must be approved in writing by each member of the Advisory Committee. The Advisory Committee will have no less than 10 Business Days after receipt of the Review Materials and any other information requested by the Advisory Committee to review such Restricted Transaction. The members of the Advisory Committee are under no obligation to consent to a Restricted Transaction. · If all of the members of the Advisory Committee approve a Restricted Transaction in writing, the Issuer will effect it at the option of the Collateral Manager (subject to the others terms of this Agreement and the Indenture)Manager. · If the members of the Advisory Committee notify the Collateral Manager that the Advisory Committee will not approve the Restricted Transaction, the Issuer will not effect affect the Restricted Transaction. If at any time the Advisory Committee does not have at least one Independent Member or any member does not have Requisite Experience, the Collateral Manager will not be permitted to use the Advisory Committee to approve any Restricted Transaction.

Appears in 1 contract

Samples: Collateral Management Agreement (Granite Point Mortgage Trust Inc.)

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Unanimous Written Consent. Regardless of the composition of the Advisory Committee, each Restricted Transaction must be approved in writing by each member of the Advisory Committee. The Advisory Committee will have no less than 10 Business Days after receipt of the Review Materials and any other information requested by the Advisory Committee to review such Restricted Transaction. The members of the Advisory Committee are under no obligation to consent to a Restricted Transaction. If all of the members of the Advisory Committee approve a Restricted Transaction in writing, the Issuer will effect it at the option of the Collateral Manager (subject to the others terms of this Agreement and the Indenture)Manager. If the members of the Advisory Committee notify the Collateral Manager that the Advisory Committee will not approve the Restricted Transaction, the Issuer will not effect affect the Restricted Transaction. If at any time the Advisory Committee does not have at least one Independent Member or any member does not have Requisite Experience, the Collateral Manager will not be permitted to use the Advisory Committee to approve any Restricted Transaction.

Appears in 1 contract

Samples: Collateral Management Agreement (Lument Finance Trust, Inc.)

Unanimous Written Consent. Regardless of the composition of the Advisory Committee, each Restricted Transaction must be approved in writing by each member of the Advisory Committee. The Advisory Committee will have no less than 5 Business Days after receipt of the Review Materials and any other information requested by the Advisory Committee to review such Restricted Transaction. The members of the Advisory Committee are under no obligation to consent to a Restricted Transaction. • If all of the members of the Advisory Committee approve a Restricted Transaction in writing, the Issuer will effect it at the option of the Collateral Manager (subject to the others terms of this Agreement and the Indenture)Manager. • If the members of the Advisory Committee notify the Collateral Manager that the Advisory Committee will not approve the Restricted Transaction, the Issuer will not effect the Restricted Transaction. If at any time the Advisory Committee does not have at least one Independent Member or any member does not have Requisite Experience, the Collateral Manager will not be permitted to use the Advisory Committee to approve any Restricted Transaction.

Appears in 1 contract

Samples: Collateral Management Agreement (TPG RE Finance Trust, Inc.)

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