Common use of Extension of Maturity Date Clause in Contracts

Extension of Maturity Date. The Borrower shall have one (1) option to extend the Maturity Date to February 12, 2013 upon satisfaction of the following conditions precedent:

Appears in 2 contracts

Samples: Construction Loan Agreement (Campus Crest Communities, Inc.), Construction Loan Agreement (Campus Crest Communities, Inc.)

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Extension of Maturity Date. The Borrower Borrowers shall have one (1) the one-time right and option to extend the Maturity Date to February 12October 31, 2013 2008, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 2 contracts

Samples: Loan Agreement (Meruelo Maddux Properties, Inc.), Loan Agreement (Meruelo Maddux Properties, Inc.)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12March 30, 2013 2016 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 2 contracts

Samples: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) option the right, exercisable two times, to extend the Maturity Date to February 12Date, 2013 as in effect as of the date such right is exercised, by six (6) months per each request, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 2 contracts

Samples: Credit Agreement (Mid-America Apartments, L.P.), Credit Agreement (Mid-America Apartments, L.P.)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12November 7, 2013 2017, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 2 contracts

Samples: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)

Extension of Maturity Date. The Borrower Borrowers shall have one (1) the one-time right and option to extend the Maturity Date to February 12September 5, 2013 2024, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12January 14, 2013 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Monogram Residential Trust, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12May 1, 2013 2010, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Republic Property Trust)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12MarchOctober 1, 2013 2021 upon satisfaction of the following conditions precedent:, which must be satisfied prior to the effectiveness of any extension of the Maturity Date: 51 102175686\V-9 102175686\V-9 US_Active\114487228114490487\V-17

Appears in 1 contract

Samples: Composite Credit Agreement (Condor Hospitality Trust, Inc.)

Extension of Maturity Date. (a) The Borrower shall have one (1) the right and option to extend the Maturity Date to February 12, 2013 in respect of the Total Commitment or portion thereof in accordance with §2.4 (as determined by the Borrower in its sole discretion) a total of two (2) times for a period of one (1) year each time upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)

Extension of Maturity Date. The Borrower Borrowers shall have one (1) the right and option to extend the Maturity Date to February 12October 4, 2013 2021, upon satisfaction or waiver of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12August 6, 2013 2015, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Bridge Loan Credit Agreement (STORE CAPITAL Corp)

Extension of Maturity Date. The Borrower shall have one the one-time right and option (1the “Extension Option”) option to extend the Initial Maturity Date to February 12October 24, 2013 2012 (“Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any such extension:

Appears in 1 contract

Samples: Credit Agreement (Dupont Fabros Technology, Inc.)

Extension of Maturity Date. The Borrower shall have the one (1) time right and option to extend the Maturity Date with respect to February 12either or both of the Line Facility and the Term Facility to May 30, 2013 2009 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of such extension of the Maturity Date:

Appears in 1 contract

Samples: Unsecured Credit Agreement (BioMed Realty Trust Inc)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12December 3, 2013 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (GTJ REIT, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12June 30, 2013 2019, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (GTJ REIT, Inc.)

Extension of Maturity Date. The Borrower Borrowers shall have one (1) the right and option to extend the Maturity Date for two (2) separate 1-year periods, first to February 12March 6, 2013 2024, then to March 6, 2025, all upon satisfaction or waiver of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Bluerock Residential Growth REIT, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12June 29, 2013 2008, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

Extension of Maturity Date. The Borrower shall have one (1) the right and option to extend the Maturity Date for a single one-year term, to February 12January 28, 2013 2022 (the “Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Initial Maturity Date:

Appears in 1 contract

Samples: Revolving Credit Agreement (NexPoint Residential Trust, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12September 19, 2013 2018,22, 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

Extension of Maturity Date. The Borrower Borrowers shall have one (1) the right and option to extend the Initial Maturity Date on a single occasion for a 12-month term, to February 12August 14, 2013 2021, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of such extension of the Initial Maturity Date:

Appears in 1 contract

Samples: Revolving Credit Agreement (NexPoint Strategic Opportunities Fund)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12December 28, 2013 2022 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Jernigan Capital, Inc.)

Extension of Maturity Date. The Borrower Borrowers shall have one (1) the right and option to extend the Maturity Date to February 12September 17, 2013 2019, and then to September 17, 2020, upon satisfaction or waiver (with any such waiver requiring the approval of all of the Lenders) of the following conditions precedent, which must be satisfied (or so waived) prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Independence Realty Trust, Inc)

Extension of Maturity Date. The Borrower shall have one (1) the right and option to extend the Maturity Date from the Initial Maturity Date to February 12March 17, 2013 2017 (the “Extended Maturity Date”), upon satisfaction or waiver (with any such waiver requiring the approval of all of the Lenders) of the following conditions precedent, which must be satisfied (or so waived) prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Independence Realty Trust, Inc)

Extension of Maturity Date. The Borrower shall have one (1) option to extend the Maturity Date to February 12, 2013 upon satisfaction of the following conditions precedent:: (a)

Appears in 1 contract

Samples: Construction Loan Agreement

Extension of Maturity Date. (a) The Borrower shall have one (1) the right and option to extend the Initial Maturity Date to February 12January 31, 2013 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the then applicable Maturity Date:

Appears in 1 contract

Samples: Term Loan Agreement (Retail Opportunity Investments Partnership, LP)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12September 19, 2013 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

Extension of Maturity Date. The Borrower shall have one (1) option the one-time right and option, in its sole discretion, to extend the Maturity Date to February 12August 7, 2013 2017, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12March 1, 2013 2021 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Condor Hospitality Trust, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12December 13, 2013 2022 (such period, the “Extension Period”) upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (New Senior Investment Group Inc.)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12August 9, 2013 2024 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (New Senior Investment Group Inc.)

Extension of Maturity Date. The Borrower Borrowers shall have one (1) the one-time right and option to extend the Maturity Date to February 12July 30, 2013 2008, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Loan Agreement (Meruelo Richard)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12April 25, 2013 2006, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

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Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12June 20, 2013 2018 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Tier Reit Inc)

Extension of Maturity Date. The Borrower shall have one (1) option the one-time right and option, in its sole discretion, to extend the Maturity Date to February 12December 29, 2013 2010, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Gladstone Commercial Corp)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the initial Maturity Date to February 127, 2013 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Mid America Apartment Communities Inc)

Extension of Maturity Date. The Borrower shall have one (1) the right and option to extend the Maturity Date (but not, in any case, the Supplemental Maturity Date) for a single one-year term, to February 12June 30, 2013 2025 (the “Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Initial Maturity Date:

Appears in 1 contract

Samples: Revolving Credit Agreement (NexPoint Residential Trust, Inc.)

Extension of Maturity Date. The Borrower shall have the one (1) time right and option to extend the Maturity Date with respect to February 12the Facility to June 27, 2013 2010 (which is the first anniversary of the initial Maturity Date), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of such extension of the Maturity Date:

Appears in 1 contract

Samples: Unsecured Credit Agreement (BioMed Realty Trust Inc)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12May 6, 2013 2014, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Dupont Fabros Technology, Inc.)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12May 25, 2013 2016, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12November 7, 2013 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (MedEquities Realty Trust, Inc.)

Extension of Maturity Date. The Borrower Borrowers shall have one (1) the one-time right and option to extend the Maturity Date described in clause (b) thereof to February 12December 1, 2013 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date by six (6) months to February 1225, 2013 2011, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Pacific Office Properties Trust, Inc.)

Extension of Maturity Date. The Borrower Borrowers shall have one (1) the one-time right and option to extend the Maturity Date to February 12August 11, 2013 2008 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of such extension of the Maturity Date:

Appears in 1 contract

Samples: Revolving Loan Agreement (BioMed Realty Trust Inc)

Extension of Maturity Date. The Borrower shall have one (1) option the one-time right and option, in its sole discretion, to extend the Maturity Date to February 12March 10, 2013 2012, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Cogdell Spencer Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the initial Maturity Date to February 12October 15, 2013 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Mid-America Apartments, L.P.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the initial Maturity Date to February 12November 1, 2013 2016, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Mid America Apartment Communities Inc)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the initial Maturity Date to February 12June , 2013 2021, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:.

Appears in 1 contract

Samples: Credit Agreement (Four Springs Capital Trust)

Extension of Maturity Date. The Borrower shall have one (1) the right and option to extend the Maturity Date for a one period of six (6) months, to February 12March [___], 2013 2019, upon satisfaction or waiver of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Term Loan Agreement (Moody National REIT II, Inc.)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12October 25, 2013 2015 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Reit I Inc)

Extension of Maturity Date. (a) The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12November 13, 2013 2017, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (NorthStar Healthcare Income, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the right and option to extend the Maturity Date (but not, in any case, the Supplemental Maturity Date or the Second Supplemental Maturity Date) for a single one-year term, to February 12June 30, 2013 2025 (the “Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Initial Maturity Date:

Appears in 1 contract

Samples: Loan Modification Agreement (NexPoint Residential Trust, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) option the right to extend the Maturity Date to February 12April 19, 2013 2028 upon satisfaction of all of the following conditions precedent, which must be satisfied prior to the effectiveness of the extension of the Maturity Date:

Appears in 1 contract

Samples: Credit Agreement (BioXcel Therapeutics, Inc.)

Extension of Maturity Date. The Borrower shall have one (1) the one-time right and option to extend the Maturity Date to February 12August 25, 2013 2011, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Samples: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

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