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 5, Mezzanine Borrower shall, if requested by Mezzanine Lender, execute and deliver an amendment of and/or restatement of the Mezzanine Note and shall, if requested by Mezzanine Lender, enter into such amendments to the related Loan Documents (Intermediate Mezzanine) as may be necessary or appropriate to evidence the extension of the Maturity Date as provided in this Section 5; provided, however, that no failure by Mezzanine Borrower to enter into any such amendments and/or restatements shall affect the rights or obligations of Mezzanine Borrower or Mezzanine Lender with respect to the extension of the Maturity Date.

Appears in 1 contract

Samples: Mezzanine Note (CNL Hotels & Resorts, Inc.)

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Extension Documentation. As soon as practicable following an extension of the Maturity Date pursuant to this Section 5, Mezzanine Borrower shall, if requested by Mezzanine Lender, execute and deliver an amendment of and/or restatement of the Mezzanine Note and shall, if requested by Mezzanine Lender, enter into such amendments to the related Loan Documents (Intermediate Junior Mezzanine) as may be necessary or appropriate to evidence the extension of the Maturity Date as provided in this Section 5; provided, however, that no failure by Mezzanine Borrower to enter into any such amendments and/or restatements shall affect the rights or obligations of Mezzanine Borrower or Mezzanine Lender with respect to the extension of the Maturity Date.

Appears in 1 contract

Samples: Mezzanine Note (CNL Hotels & Resorts, Inc.)

Extension Documentation. As soon as practicable following an extension of the Maturity Date pursuant to this Section 5, Mezzanine Borrower shall, if requested by Mezzanine Lender, execute and deliver an amendment of and/or restatement of the Mezzanine Note and shall, if requested by Mezzanine Lender, enter into such amendments to the related Loan Documents (Intermediate Mezzanine) as may be necessary or appropriate to evidence the extension of the Maturity Date as provided in this Section 5; provided, however, that no failure by Mezzanine Borrower to enter into any such amendments and/or restatements shall affect the rights or obligations of Mezzanine Borrower or Mezzanine Lender with respect to the extension of the Maturity Date.

Appears in 1 contract

Samples: Mezzanine Note (Strategic Hotels & Resorts, Inc)

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Extension Documentation. As soon as practicable following an extension of the Maturity Date pursuant to this Section 5, Mezzanine Borrower shall, if requested by Mezzanine Lender, execute and deliver an amendment of and/or restatement of the Mezzanine Note and shall, if requested by Mezzanine Lender, enter into such amendments to the related Loan Documents (Intermediate Senior Mezzanine) as may be necessary or appropriate to evidence the extension of the Maturity Date as provided in this Section 5; provided, however, that no failure by Mezzanine Borrower to enter into any such amendments and/or restatements shall affect the rights or obligations of Mezzanine Borrower or Mezzanine Lender with respect to the extension of the Maturity Date.

Appears in 1 contract

Samples: Mezzanine Note (CNL Hotels & Resorts, Inc.)

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