Common use of Exercise of Renewal Option Clause in Contracts

Exercise of Renewal Option. Buyer and Seller acknowledge and agree that pursuant to the terms of this Amendment Seller has exercised the first of its two successive Renewal Options under Article 3(i)(ii) of the Master Repurchase Agreement and Seller shall have only one (1) remaining Renewal Option available under Article 3(i)(ii) of the Master Repurchase Agreement.

Appears in 2 contracts

Samples: Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.), Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.)

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Exercise of Renewal Option. Buyer and Seller acknowledge and agree that pursuant to the terms of this Amendment Seller has exercised the first of its two successive second and final Renewal Options Option under Article 3(i)(ii) of the Master Repurchase Agreement and Seller shall have only one (1) remaining has no further Renewal Option Options available under Article 3(i)(ii) of the Master Repurchase Agreement.

Appears in 2 contracts

Samples: Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.), Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.)

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Exercise of Renewal Option. Buyer and Seller acknowledge and agree that pursuant to the terms of this Amendment Seller has exercised the first of its two successive second and final Renewal Options Option under Article 3(i)(ii) of the Master Repurchase Agreement and Seller shall have only one (1) remaining has no further Renewal Option Options available under Article 3(i)(ii) of the Master Repurchase Agreement. 3.

Appears in 1 contract

Samples: Master Repurchase and Securities Contract Agreement (Granite Point Mortgage Trust Inc.)

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