Common use of Extension Documentation Clause in Contracts

Extension Documentation. As soon as practicable following an extension of the Maturity Date pursuant to this Section 2.7, Borrower shall, if reasonably requested by Lender in writing, execute and deliver an amendment of and/or restatement of the Note solely to reflect the extension of the Maturity Date and shall, if reasonably requested by Lender, enter into such amendments to the Loan Documents as may be necessary solely to evidence the extension of the Maturity Date as provided in this Section 2.7; provided, however, that no failure by Borrower to enter into any such amendments and/or restatements shall affect the rights or obligations of Borrower or Lender with respect to the extension of the Maturity Date; and provided, further, that such amendment and/or restatements shall not require Borrower to (a) remake any representations or warranties (other than customary representations and warranties relating to the due formation, valid existence and due authorization of Borrower, the enforceability of such amendment against Borrower, and the fact that the execution, delivery and performance by Borrower of such amendment will not conflict with Borrower’s organizational documents, applicable law or any material agreement to which Borrower is a party or any material order to which Borrower is subject), (b) waive, impair, reduce or release any rights or incur any additional expenses, costs, liabilities or obligations of Borrower or (c) amend any Mortgage or Assignment of Leases or any other filed or recorded Loan Document (except to the extent that an amendment is required pursuant to the law of the state, county or parish in which the same have been recorded solely and to the extent required to reflect or otherwise give effect to such extension).

Extension Documentation. As soon as practicable following an extension of the Maturity Date pursuant to this Section 2.7, Borrower shall, if reasonably requested by Lender in writing, execute and deliver an amendment of and/or restatement of the Note solely to reflect the extension of the Maturity Date and shall, if reasonably requested by Lender, enter into such amendments to the Loan Documents as may be necessary solely to evidence the extension of the Maturity Date as provided in this Section 2.7; provided, however, that no failure by Borrower to enter into any such amendments and/or restatements shall affect the rights or obligations of Borrower or Lender with respect to the extension of the Maturity Date; and provided, further, that such amendment and/or restatements shall not require Borrower to (a) remake any representations or warranties (other than customary representations and warranties relating to the due formation, valid existence and due authorization of Borrower, the enforceability of such amendment against Borrower, and the fact that the execution, delivery and performance by Borrower of such amendment will not conflict with Borrower’s organizational documents, applicable law or any material agreement to which Borrower is a party or any material order to which Borrower is subject), ) or (b) waive, impair, reduce or release any rights or incur any additional expenses, costs, liabilities or obligations of Borrower or (c) amend any Mortgage or Assignment of Leases or any other filed or recorded Loan Document (except to the extent that an amendment is required pursuant to the law of the state, county or parish in which the same have been recorded solely and to the extent required to reflect or otherwise give effect to such extension)Borrower.

Extension Documentation. As soon as practicable following an extension of the Maturity Date pursuant to this Section 2.7, . Borrower shall, if reasonably requested by Lender in writing, execute and deliver an amendment of and/or restatement of the Note solely to reflect the extension of the Maturity Date and shall, if reasonably requested by Lender, enter into such amendments to the Loan Documents as may be necessary solely to evidence the extension of the Maturity Date as provided in this Section 2.7; provided, however, that no failure by Borrower to enter into any such amendments and/or restatements shall affect the rights or obligations of Borrower or Lender with respect to the extension of the Maturity Date; and provided, further, . that such amendment and/or restatements shall not require Borrower to (a) remake any representations or warranties (other than customary representations and warranties relating to the due formation, valid existence and due authorization of Borrower, the enforceability of such amendment against Borrower, and the fact that the execution, delivery and performance by Borrower of such amendment will not conflict with Borrower’s organizational documents, applicable law or any material agreement to which Borrower is a party or any material order to which Borrower is subject), ) or (b) waive, impair, reduce or release any rights or incur any additional expenses, costs, liabilities or obligations of Borrower or (c) amend any Mortgage or Assignment of Leases or any other filed or recorded Loan Document (except to the extent that an amendment is required pursuant to the law of the state, county or parish in which the same have been recorded solely and to the extent required to reflect or otherwise give effect to such extension)Borrower.