Adjustment of Claims. All insurance claims shall be adjusted by Borrower, at Borrower’s sole cost and expense, but subject to Agent’s prior written approval which approval shall not be unreasonably withheld, conditioned or delayed; provided that if any Event of Default exists under any of the Loan Documents, Agent shall have the right to adjust and compromise such claims without the approval of Borrower.
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Adjustment of Claims. All insurance claims shall be adjusted by Borrower, at Borrower’s sole cost and expense, but subject to AgentLender’s prior written approval approval, which approval shall not be unreasonably withheld, conditioned or delayed; provided that if any Event of Default exists under any of the Loan Documents, Agent Documents Lender shall have the right to adjust and compromise such claims without the approval of Borrower.
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Samples: Loan Agreement (Clarion Partners Property Trust Inc.)
Adjustment of Claims. All insurance claims shall be adjusted by Borrower, at Borrower’s sole cost and expenseBorrower or Manager, but such adjustments shall be subject to Agent’s Lender's prior written approval which approval shall not be unreasonably withheld, conditioned or delayed; provided that if any Event of Default exists under any of the Loan Documents, Agent shall have the right to adjust and compromise such claims without the approval of Borrower.
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Samples: Construction Loan Agreement (American Retirement Corp)
Adjustment of Claims. All insurance claims shall be adjusted by Borrower, at Borrower’s sole cost and expense, but subject to AgentLender’s prior written approval which approval shall not be unreasonably withheld, conditioned or delayed; provided that if any Event of Default exists under any of the Loan Documents, Agent Lender shall have the right to adjust and compromise such claims without the approval of Borrower.
Appears in 1 contract
Samples: Loan Agreement (Unitil Corp)
Adjustment of Claims. All insurance claims shall be adjusted by BorrowerBxxxxxxx, at Borrower’s 's sole cost and expense, but subject to Agent’s Lxxxxx's prior written approval which approval shall not be unreasonably withheld, conditioned withheld or delayed; provided provided, however, that if any ongoing and uncured Event of Default then exists under any of the Loan Documents, Agent Documents Lender shall have the right to adjust and compromise such claims without the approval of Borrower.
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Samples: Commercial Real Estate Mortgage Loan Agreement (Procaccianti Hotel Reit, Inc.)
Adjustment of Claims. All insurance claims shall be adjusted by Borrower, at Borrower’s 's sole cost and expense, but subject to Agent’s Lender's prior written approval which approval shall not be unreasonably withheld, conditioned or delayed; provided PROVIDED that if any Event of Default exists under any of the Loan Documents, Agent Lender shall have the right to adjust and compromise such claims without the approval of Borrower.
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Samples: Loan Agreement (Westwood Group Inc)
Adjustment of Claims. All insurance claims shall be adjusted by Borrower, at Borrower’s 's sole cost and expense, but subject to Administrative Agent’s 's prior written approval which approval shall not be unreasonably withheld, conditioned or delayed; provided that if any Event of Default exists under any of the Loan Documents, Administrative Agent shall have the right to adjust and compromise such claims without the approval of Borrower.
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Adjustment of Claims. All insurance claims shall be adjusted by BorrowerBxxxxxxx, at Borrower’s sole cost and expense, but subject to AgentLxxxxx’s prior written approval which approval shall not be unreasonably withheld, conditioned or delayed; provided that if any Event of Default exists under any of the Loan Documents, Agent Lender shall have the right to adjust and compromise such claims without the approval of Borrower.
Appears in 1 contract
Samples: Loan Agreement (Worksport LTD)