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

Conditions Precedent to Termination of Credit Facility. The right of Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and 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 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 Realty Limited Partnership), Master Credit Facility Agreement (Colonial Properties Trust)

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

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 '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 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.following conditions precedent:

Appears in 1 contract

Samples: Master Credit Facility Agreement (Archstone Communities Trust/)

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

Appears in 1 contract

Samples: Master Credit Facility Agreement (Sun Communities Inc)

Conditions Precedent to Termination of Credit Facility. The right of Borrower to terminate this Agreement and the Credit Facility and to receive a release of all of the Collateral from the Collateral Pool and 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 Notes Outstanding on the Closing Date, including any associated prepayment premiums or other amounts due under the Notes, any Release Fees, 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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