Examples of Tenant Direction Letter in a sentence
An exception is for certain letter of credit grant transfers which require that an Allotment or Appropriation Adjustment Request (B-107) be used.
Without the consent of Lender, neither Borrower nor Manager shall terminate, amend, revoke or modify any Tenant Direction Letter in any manner whatsoever, or direct or cause any Tenant to pay any amount in any manner other than as provided in the related Tenant Direction Letter.
Lender will hold the Tenant Direction Letters in escrow; provided, however, upon the occurrence of a Lockbox Trigger, Lender shall have the right to deliver a Tenant Direction Letter to each tenant at the Property.
Without the prior written consent of Lender, which Lender may give or withhold in its sole discretion, Borrower shall not terminate, amend, revoke or modify any Tenant Direction Letter in any manner whatsoever, nor shall Borrower permit or consent to, directly or by acquiescence, any failure or refusal of Anchor Tenant or any Replacement Tenant to pay Rent as provided pursuant to the Tenant Direction Letter (or as Lender may otherwise direct in writing from time to time).
A form of such Tenant Direction Letter is attached hereto as Schedule I; Borrower shall, at any time and from time to time as requested by Lender, execute and deliver to Lender a new Tenant Direction Letter in order to reflect changes to Lender’s servicing agent and/or the Lockbox Account set forth in the form.