Common use of Conditions Precedent to Complete or Partial Termination of Facilities Clause in Contracts

Conditions Precedent to Complete or Partial Termination of Facilities. The right of the Borrower to reduce the Facility Commitment and the obligation of the Lender to execute the Facility Termination Document, are subject to the satisfaction of the following conditions precedent on or before the Closing Date:

Appears in 5 contracts

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc)

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Conditions Precedent to Complete or Partial Termination of Facilities. The right of the Borrower to reduce the Facility Commitment and the obligation of the Lender to execute the Facility Termination Document, are subject to the satisfaction of the following conditions precedent on or before the Closing Date:

Appears in 4 contracts

Samples: Master Credit Facility Agreement (Camden Property Trust), Master Credit Facility Agreement (Education Realty Trust, Inc.), Master Credit Facility Agreement (Camden Property Trust)

Conditions Precedent to Complete or Partial Termination of Facilities. The right of the Borrower to reduce terminate the Variable Facility Commitment and/or the Fixed Facility Commitment and the obligation of the Lender to execute the Facility Termination Document, are subject to the satisfaction of the following conditions precedent on or before the Closing Date:

Appears in 3 contracts

Samples: Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (Sun Communities Inc)

Conditions Precedent to Complete or Partial Termination of Facilities. The right of the Borrower to reduce the Facility Commitment Commitments and the obligation of the Lender to execute the Facility Termination Document, are subject to the satisfaction of the following conditions precedent on or before the Closing Date:

Appears in 3 contracts

Samples: Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc)

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Conditions Precedent to Complete or Partial Termination of Facilities. The right of the Borrower to reduce the Facility Commitment and the obligation of the Lender to execute the Facility Termination Document, are subject to the satisfaction of the following conditions precedent on or before the Closing Date:

Appears in 3 contracts

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Sunrise Assisted Living Inc), Master Credit Facility Agreement (Bre Properties Inc /Md/)

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