Common use of Conditions Precedent to Termination of Credit Facility Clause in Contracts

Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s obligation to execute and deliver the Facility Termination Documents on the Closing Date are subject to the following conditions precedent:

Appears in 7 contracts

Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (United Dominion Realty Trust Inc)

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Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s obligation to execute and deliver the Credit Facility Termination Documents on the Closing Date are subject to the following conditions precedent:

Appears in 5 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 Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s 's obligation to execute and deliver the Credit Facility Termination Documents on the Closing Date are subject to the following conditions precedent:

Appears in 4 contracts

Samples: Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (Bre Properties Inc /Md/)

Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s 's obligation to execute and deliver the Facility Termination Documents on the Closing Date are subject to the following conditions precedent:

Appears in 3 contracts

Samples: Agreement (Archstone Communities Trust/), Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Walden Residential Properties Inc)

Conditions Precedent to Termination of Credit Facility. The right ------------------------------------------------------ of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s 's obligation to execute and deliver the Facility Termination Documents on the Closing Date are subject to the following conditions precedent:

Appears in 2 contracts

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

Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s obligation to execute and deliver the Credit Facility Termination Documents on the Closing Date are subject to Lender’s determination Borrower has paid in full all of the following conditions precedent:Notes Outstanding on the Closing Date, including any associated prepayment premiums or other amounts due under the Notes, any Release Fees, and all other amounts owing by Borrower to Lender under this Agreement.

Appears in 2 contracts

Samples: Master Credit Facility Agreement (Colonial Properties Trust), Master Credit Facility Agreement (Colonial Realty Limited Partnership)

Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s obligation to execute and deliver the Credit Facility Termination Documents on the Closing Date are subject to the following conditions condition precedent:

Appears in 1 contract

Samples: Master Credit Facility Agreement (Sun Communities Inc)

Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s obligation to execute and deliver the Credit Facility Termination Documents on the Closing Date are subject to Lender’s determination Borrower has paid in full all of the following conditions precedent:Notes Outstanding on the Closing Date, including any associated prepayment premiums or other amounts due under the Notes and all other amounts owing by Borrower to Lender under this Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/)

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Conditions Precedent to Termination of Credit Facility. The right of the Borrower Borrowers to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s 's obligation to execute and deliver the Facility Termination Documents on the Closing Date are subject only to the following conditions precedent:: Payment by the Borrowers in full of all of the Notes Outstanding on the Closing Date, including any associated prepayment premiums (including the component thereof consisting of the Credit Facility Termination Fee) or other charges under the Notes.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Town & Country Trust)

Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s obligation to execute and deliver the Credit Facility Termination Documents on the Closing Date are subject to Borrower’s payment in full of all of the following conditions precedent:Notes Outstanding on the Closing Date, including any associated prepayment premiums or other amounts due under the Notes and all other amounts owing by Borrower to Lender under this Agreement.

Appears in 1 contract

Samples: Master Credit Facility Agreement (Newcastle Investment Corp)

Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s obligation to execute and deliver the Facility Termination Documents on the Closing Date are subject to the following conditions precedent:

Appears in 1 contract

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

Conditions Precedent to Termination of Credit Facility. The right of the Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and the Lender’s 's obligation to execute and deliver the Facility Termination Documents on the Closing Date are subject to the satisfaction of the following conditions precedentprecedent as of the Closing Date:

Appears in 1 contract

Samples: Master Credit Facility Agreement (Apartment Investment & Management Co)

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