Common use of Conditions as Covenants Clause in Contracts

Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions.

Appears in 12 contracts

Samples: Contribution Agreement (Columbia Property Trust, Inc.), Credit Agreement (Columbia Property Trust, Inc.), Credit Agreement (Columbia Property Trust, Inc.)

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Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender Agent issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 5.1. and 5.2 or such Lender has waived such conditions5.2.

Appears in 8 contracts

Samples: Credit Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties Trust), Credit Agreement (Commercial Net Lease Realty Inc)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the Issuing Lender Bank issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 5.1. and 5.2 or such Lender has waived such conditions5.2.

Appears in 7 contracts

Samples: Credit Agreement (NNN Reit, Inc.), Credit Agreement (National Retail Properties, Inc.), Credit Agreement (National Retail Properties, Inc.)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the any Issuing Lender Bank issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1 and 5.26.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 6.1 and 5.2 or such Lender has waived such conditions6.2.

Appears in 4 contracts

Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the Issuing Lender Administrative Agent issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1 and 5.26.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 6.1 and 5.2 or such Lender has waived such conditions6.2.

Appears in 3 contracts

Samples: Credit Agreement (Equity One, Inc.), Credit Agreement (Equity One Inc), Credit Agreement (Equity One Inc)

Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender Administrative Agent issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Administrative Agent and the other Lenders that the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 5.1. and 5.2 or such Lender has waived such conditions5.2.

Appears in 3 contracts

Samples: Credit Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties, L.P.), And Consolidated Credit Agreement (Corporate Office Properties, L.P.)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the Issuing Lender Bank issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 2 contracts

Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the any Issuing Lender Bank issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 2 contracts

Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2, the Borrower Borrowers shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has Borrowers have satisfied the conditions precedent for initial Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions5.2.

Appears in 2 contracts

Samples: Credit Agreement (Gables Realty Limited Partnership), Credit Agreement (Gables Residential Trust)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the Issuing Lender issues a Letter of Credit, Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause any such condition or conditions not waived by the Agent and the Requisite Lenders to be satisfied within five (5) 5 Business Days after the date of the making of such Loans or the issuance of such Letter of CreditLoans. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 2 contracts

Samples: Credit Agreement (Regency Centers Lp), Credit Agreement (Regency Centers Corp)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the Issuing Lender Agent issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 2 contracts

Samples: Credit Agreement (CRT Properties Inc), Credit Agreement (Keystone Property Trust)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the Issuing Lender Agent issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 20 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 2 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

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Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender Agent issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 2 contracts

Samples: Credit Agreement (Corporate Office Properties Trust), Credit Agreement (Corporate Office Properties Trust)

Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has have satisfied the conditions precedent for initial Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions5.2.

Appears in 1 contract

Samples: Credit Agreement (Gables Realty Limited Partnership)

Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender Agent issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit, unless waived as permitted hereunder. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 5.1. and 5.2 or such Lender has waived such conditions5.2.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Conditions as Covenants. If the Lenders make permit the making of any Loans, or the Issuing Lender Bank issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 5.1. and 5.2 or such Lender has waived such conditions5.2.

Appears in 1 contract

Samples: Credit Agreement (Maui Land & Pineapple Co Inc)

Conditions as Covenants. If the Lenders make any Loans, or the any Issuing Lender Bank issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions.

Appears in 1 contract

Samples: And Term Loan Agreement (Columbia Property Trust, Inc.)

Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender Agent issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 7.1. and 5.27.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit, unless waived as permitted hereunder. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 7.1. and 5.2 or such Lender has waived such conditions.7.2. -58-

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Conditions as Covenants. If the Lenders make any Loans, or the Issuing Lender issues a Letter of Credit, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans or the issuance of such Letter of Credit. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Administrative Agent and the other Lenders that the Borrower has satisfied the conditions precedent for initial Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions.

Appears in 1 contract

Samples: Credit Agreement (Wells Core Office Income Reit Inc)

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