Common use of Conditions to Renewal and Extension Clause in Contracts

Conditions to Renewal and Extension. The extension of the Maturity Date under Section 9.1 of this Agreement shall be conditioned upon, among other things, the following terms and conditions (which shall be in addition to those required by Sections 2.7, 3 and 9.1 of this Agreement): (a) Execution by the Borrower of a renewal and extension agreement for each Note in Proper Form. Table of Contents (b) No Default must be in existence on the date of the Extension Request or on the Maturity Date (before extension). (c) Payment of the extension fee as set forth in Section 2.7(b). (d) Such other documents, instruments and items as Agent or any Lender shall reasonably require to document extension.

Appears in 2 contracts

Samples: Credit Agreement (Archstone Smith Trust), Credit Agreement (Archstone Smith Operating Trust)

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Conditions to Renewal and Extension. The extension of the Maturity Date under Section 9.1 of this Agreement shall be conditioned upon, among other things, the following terms and conditions (which shall be in addition to those required by Sections 2.7, 3 and 9.1 of this Agreement): (a) Execution by the Borrower of a renewal and extension agreement for each Note in Proper Form. Table of Contents. (b) No Default must be in existence on the date of the Extension Request or on the Maturity Date (before extension). (c) Payment of the extension fee as set forth in Section 2.7(b). (d) Such other documents, instruments and items as Agent or any Lender shall reasonably require to document extension.

Appears in 1 contract

Samples: Credit Agreement (Archstone Smith Operating Trust)

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Conditions to Renewal and Extension. The extension of the Maturity ----------------------------------- Date under Section 9.1 of this Agreement shall be conditioned upon, among other ----------- things, the following terms and conditions (which shall be in addition to those required by Sections 2.7, 3 and 9.1 of this Agreement):): ------------ - --- (a) Execution by the Borrower of a renewal and extension agreement for each Note in Proper Form. Table of Contents. (b) No Default must be in existence on the date of the Extension Request or on the Maturity Date (before extension). (c) Payment of the extension fee as set forth in Section 2.7(b).. -------------- (d) Such other documents, instruments and items as Agent or any Lender shall reasonably require to document extension.

Appears in 1 contract

Samples: Credit Agreement (Archstone Communities Trust/)

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