Common use of Before End of Term Clause in Contracts

Before End of Term. Each of the foregoing conditions are satisfied not later than, and on, the Initial Maturity Date. Within twenty (20) days following receipt by Agent of Borrower's written notice under clause 2.8.2 above requesting the extension accompanied by the items described in Section 2.8, Agent shall notify the Borrower in writing if all of the conditions precedent to the extension, other than payment of the extension fee, have been satisfied, or if further information or documents set forth in Section 2.8 are required, specifying such missing information or documents. If Agent determines that the conditions to extension have been satisfied (or if the Agent notified the Borrower as provided above of any outstanding information or documents required by this Section 2.8, specifying such missing information or documents, and the Borrower provides outstanding information or documents prior to ten (10) days before the Initial Maturity Date), other than payment of the Extension Fee, Agent shall so notify the Borrower and upon Agent's receipt of the Extension Fee not later than five (5) days prior to the Initial Maturity Date, so long as no Default exists, the term of the Facility shall be extended until the Extended Maturity Date.

Appears in 2 contracts

Samples: Loan Agreement (Newkirk Master Lp), Loan Agreement (Winthrop Realty Trust)

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Before End of Term. Each of the foregoing conditions are satisfied not later than, and on, the Initial Maturity Date (or as applicable, the First Extended Maturity Date). Within twenty (20) days following receipt by Agent of Borrower's written notice under clause 2.8.2 2.6.2 above requesting the extension accompanied by the items described in Section 2.82.6, Agent shall notify the Borrower in writing if all of the conditions precedent to the extension, other than payment of the extension fee, have been satisfied, or if further information or documents set forth in Section 2.8 2.6 are required, specifying such missing information or documents. If Agent determines that the conditions to extension have been satisfied (or if the Agent notified the Borrower as provided above of any outstanding information or documents required by this Section 2.82.6, specifying such missing information or documents, and the Borrower provides outstanding information or documents prior to ten (10) days before the Initial Maturity Date (or as may be applicable, the First Extended Maturity Date)), other than payment of the Extension Fee, Agent shall so notify the Borrower and upon Agent's receipt of the Extension Fee not later than five (5) days prior to the Initial Maturity Date (or as may be applicable, the First Extended Maturity Date), so long as no Default exists, the term of the Facility Loan shall be extended until the First Extended Maturity Date (or as may be applicable, the Second Extended Maturity Date).

Appears in 2 contracts

Samples: Loan Agreement (Newkirk Master Lp), Loan Agreement (Shelbourne Properties I Inc)

Before End of Term. Each of the foregoing conditions are satisfied not later than, and on, the Initial Maturity Date (or as applicable, the First Extended Maturity Date). Within twenty (20) days following receipt by Agent of Borrower's ’s written notice under clause 2.8.2 above requesting the extension accompanied by the items described in Section 2.8, Agent shall notify the Borrower in writing if all of the conditions precedent to the extension, other than payment of the extension fee, have been satisfied, or if further information or documents set forth in Section 2.8 are required, specifying such missing information or documents. If Agent determines that the conditions to extension have been satisfied (or if the Agent notified the Borrower as provided above of any outstanding information or documents required by this Section 2.8, specifying such missing information or documents, and the Borrower provides outstanding information or documents prior to ten (10) days before the Initial Maturity Date (or as may be applicable, the First Extended Maturity Date)), other than payment of the Extension Fee, Agent shall so notify the Borrower and upon Agent's ’s receipt of the Extension Fee not later than five (5) days prior to the Initial Maturity Date (or as may be applicable, the First Extended Maturity Date), so long as no Default exists, the term of the Facility subject Loan shall be extended until the First Extended Maturity Date (or as may be applicable, the Second Extended Maturity Date).

Appears in 1 contract

Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments)

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Before End of Term. Each of the foregoing conditions are satisfied not later than, and on, the Initial Maturity Date. Within twenty (20) days following receipt by Agent of Borrower's ’s written notice under clause 2.8.2 above requesting the extension accompanied by the items described in Section 2.8, Agent shall notify the Borrower in writing if all of the conditions precedent to the extension, other than payment of the extension fee, have been satisfied, or if further information or documents set forth in Section 2.8 are required, specifying such missing information or documents. If Agent determines that the conditions to extension have been satisfied (or if the Agent notified the Borrower as provided above of any outstanding information or documents required by this Section 2.8, specifying such missing information or documents, and the Borrower provides outstanding information or documents prior to ten (10) days before the Initial Maturity Date), other than payment of the Extension Fee, Agent shall so notify the Borrower and upon Agent's ’s receipt of the Extension Fee not later than five (5) days prior to the Initial Maturity Date, so long as no Default exists, the term of the Facility shall be extended until the Extended Maturity Date.

Appears in 1 contract

Samples: Loan Agreement (Winthrop Realty Trust)

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