Common use of Conditions as Covenants Clause in Contracts

Conditions as Covenants. If the Lenders permit the making of the Loan prior to the satisfaction of all conditions precedent set forth in Sections 6.1. and 6.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of the Loan. Unless set forth in writing to the contrary, the making of the Loan by a Lender on the Effective Date shall constitute a 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 the Loan set forth in Sections 6.1. and 6.2.

Appears in 4 contracts

Samples: Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust)

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Conditions as Covenants. If the Lenders permit the making of the Loan make any Loans prior to the satisfaction of all conditions precedent set forth in Sections 6.15.1. and 6.25.2., 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 the Loansuch Loans. Unless set forth in writing to the contrary, the making of the its initial Loan by a Lender on the Effective Date shall constitute a confirmation certification 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 the Loan initial Loans set forth in Sections 6.15.1. and 6.25.2.

Appears in 3 contracts

Samples: Term Loan Agreement (Corporate Office Properties, L.P.), Term Loan Agreement (Corporate Office Properties, L.P.), Term Loan Agreement (Corporate Office Properties, L.P.)

Conditions as Covenants. If the Lenders permit the making of the Loan any Loans, prior to the satisfaction of all conditions precedent set forth in Sections 6.1. and 6.2., 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 the Loansuch Loans. Unless set forth in writing to the contrary, the making of the its initial Loan by a Lender on the Effective Date shall constitute a 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 the Loan initial Loans set forth in Sections 6.1. and 6.2.

Appears in 3 contracts

Samples: Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp)

Conditions as Covenants. If the Lenders permit the making of the Loan make any Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 6.1. 5.1 and 6.2.5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of the Loansuch Loans. Unless set forth in writing to the contrary, the making of the its initial Loan by a Lender on the Effective Date shall constitute a confirmation certification 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 the Loan initial Loans set forth in Sections 6.1. 5.1 and 6.25.2 or such Lender has waived such conditions.

Appears in 2 contracts

Samples: Term Loan Agreement (Columbia Property Trust, Inc.), Mezzanine Credit Agreement (NNN Apartment REIT, Inc.)

Conditions as Covenants. If the Lenders permit the making of the Loan prior to the satisfaction of all conditions precedent set forth in Sections 6.1. 6.1 and 6.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of the Loan. Unless set forth in writing to the contrary, the making of the Loan by a Lender on the Effective Date shall constitute a 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 the Loan set forth in Sections 6.1. 6.1 and 6.2.

Appears in 2 contracts

Samples: Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust)

Conditions as Covenants. If the Lenders permit the making of the Loan make any Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 6.1. and 6.2.Section 5.1, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of the Loansuch Loans. Unless set forth in writing to the contrary, the making of the its initial Loan by a Lender on the Effective Date shall constitute a confirmation certification 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 the Loan Loans set forth in Sections 6.1. and 6.2Section 5.1 or such Lender has waived such conditions.

Appears in 1 contract

Samples: Credit Agreement (Wells Real Estate Investment Trust Ii Inc)

Conditions as Covenants. If the Lenders permit the making of the Loan make any Loans prior to the satisfaction of all conditions precedent set forth in Sections 6.1. and 6.2., 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 the Loansuch Loans. Unless set forth in writing to the contrarycontrary prior to the making of its initial Loan hereunder, the making of the its initial Loan by a Lender on the Effective Date shall constitute a confirmation certification 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 the Loan initial Loans set forth in Sections 6.1. and 6.2.

Appears in 1 contract

Samples: Credit Agreement (Captec Net Lease Realty Inc)

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Conditions as Covenants. If the Lenders permit the making of the any Loan prior to the satisfaction of all conditions precedent set forth in Sections 6.1. and 6.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of the such Loan. Unless set forth in writing to the contrary, the making of the its initial Loan by a Lender on the Effective Date shall constitute a 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 the Loan initial Loans set forth in Sections 6.1. and 6.2.

Appears in 1 contract

Samples: Term Loan Agreement (RLJ Lodging Trust)

Conditions as Covenants. If the Lenders permit the making of the Loan any Loans prior to the satisfaction of all conditions precedent set forth in Sections 6.1. and 6.2., 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 the Loansuch Loans. Unless set forth in writing to the contrary, the making of the its initial Loan by a Lender on the Effective Date shall constitute a 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 the Loan initial Loans set forth in Sections 6.1. and 6.2.

Appears in 1 contract

Samples: Term Loan Agreement (Keystone Property Trust)

Conditions as Covenants. If the Lenders permit make the making of the Loan Loans, prior to the satisfaction of all conditions precedent set forth in Sections 6.15.1. and 6.25.2., 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 the LoanLoans unless waived as permitted hereunder. Unless set forth in writing to the contrary, the making of the its Loan by a Lender on the Effective Date shall constitute a 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 the Loan Loans set forth in Sections 6.15.1. and 6.25.2.

Appears in 1 contract

Samples: Term Loan Agreement (Pennsylvania Real Estate Investment Trust)

Conditions as Covenants. If the Lenders permit the making of the Loan make any Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 6.1. 5.1 and 6.2.5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of the Loansuch Loans. Unless set forth in writing to the contrary, the making of the its Loan by a Lender on the Effective Date shall constitute a confirmation certification 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 the Loan Loans set forth in Sections 6.1. 5.1 and 6.25.2 or such Lender has waived such conditions.

Appears in 1 contract

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

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