No Modification or Termination. (i) Not consent to or acquiesce in any amendment, modification, waiver or change to any Manager Document in any manner adverse to the interests of the Lenders in any material respect; it being acknowledged and agreed by the parties hereto, that in any event any amendment, waiver or other modification which would have the effect of (A) increasing management fees, required reserves or termination fees or (B) shortening the term thereof shall be deemed adverse to the interests of the Lenders in a material respect.
No Modification or Termination. (a) Mezzanine Borrower shall not permit Mortgage Borrower, except as permitted hereunder or with the prior written consent of Mezzanine Lender, not to be unreasonably withheld, (i)to institute any action or proceeding to subdivide or partition any Individual Property other than with respect to Unimproved Parcels in accordance with the terms of this Agreement, or (ii) materially modify or amend or vote for or consent to any material modification of or amendment to any Operating Agreement.
No Modification or Termination. (a) Borrower shall not, except with the prior written consent of Lender, not to be unreasonably withheld, (i) institute any action or proceeding for partition of any Individual Property or any common areas under any REA or the Common Elements or any Condominium Units under any Condominium Documents, (ii) materially modify or amend or vote for or consent to any material modification of or amendment to any Operating Agreement except in the case of an amendment or modification to an REA where the same would not have a Material Adverse Effect, or, (iii) in the event of damage to or destruction of a Condominium Property, the Common Elements, or any of the Condominium Units, vote in opposition to a motion to repair, restore or rebuild the same unless and for so long as such Individual Property is the subject of a valid Property Release Notice which results in the release of such Individual Property.
No Modification or Termination. (a) Borrower shall not, except as permitted hereunder or with the prior written consent of Lender, not to be unreasonably withheld, (i) institute any action or proceeding to subdivide or partition any Individual Property other than with respect to Unimproved Parcels in accordance with the terms of this Agreement, or (ii) materially modify or amend or vote for or consent to any material modification of or amendment to any Operating Agreement.
No Modification or Termination. Neither Lessor nor Lessee will cancel or terminate the Lease or amend, modify, supplement, or in any manner alter any of its terms without the prior written consent of Lender.
No Modification or Termination. (i) No Loan Party shall, except as permitted hereunder or with the prior written consent of Administrative Agent, permit, consent to or acquiesce in any Modification to the Ground Lease that is adverse to the Lenders, it being agreed that any such Modification that changes the term, affects the rent amount or other payments due under the Ground Lease, affects or relates to any option or right to purchase all or any portion of the Ground Lease Parcel, affects the rights of Administrative Agent or the Lenders under the Ground Lease, or otherwise increases Borrower’s or Leasehold Holder’s obligations or liabilities under the Ground Lease and/or that reduces the benefits to be received by Borrower or Leasehold Holder under the Ground Lease shall be deemed to be adverse to the Lenders.
No Modification or Termination. (i) Neither the Leasehold Holder nor Borrower shall consent to or acquiesce in any amendment, modification, waiver or change to any Management Agreement in any manner adverse to the interests of the Lenders in any material respect or any assignment of any Management Agreement (other than an assignment to a wholly owned Subsidiary of the applicable Manager in accordance with the applicable Management Agreement as in effect on the date hereof); it being acknowledged and agreed by the parties hereto that any amendment, waiver or other modification which would have the effect of (A) increasing management fees, required reserves or termination fees, (B) shortening the term thereof or (C) modifying events of default, rights of termination, standards of care and operation, management responsibilities, intellectual property licenses or approval and supervisory rights of members or shareholders shall be deemed adverse to the interests of the Lenders in a material respect.
No Modification or Termination. This Agreement shall not be modified or terminated prior to the initial Auction Date.
No Modification or Termination. Neither Landlord nor Tenant will cancel or terminate the Lease or amend, modify, or supplement the Lease in any manner that changes any material term of the Lease, operates to shorten the term of the Lease or reduces the rents payable thereunder, without the prior written consent of Bank.
No Modification or Termination. (i) The Borrower shall not, consent to or acquiesce in any amendment, modification, waiver or change to the Management Agreement.
