Extension of Revolving Loan Maturity Date. The Borrowers shall have the right and option to extend the Revolving Loan Maturity Date for a single one-year term, to November 3, 2025, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Revolving Loan Initial Maturity Date:
Appears in 2 contracts
Samples: Increase Agreement, Joinder, and Second Amendment to Credit Agreement (Vinebrook Homes Trust, Inc.), Revolving Credit Agreement (Vinebrook Homes Trust, Inc.)
Extension of Revolving Loan Maturity Date. The Borrowers shall have the right and option to extend the Revolving Loan Maturity Date on no more than two occasions, for a single one-year termterm of six months each time, first to May 3, 2025 (the “First Extended Maturity Date”) and then to November 3, 20252025 (the “Second Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Revolving Loan Initial Maturity Date or the First Extended Maturity Date, as applicable:
Appears in 1 contract
Extension of Revolving Loan Maturity Date. The Borrowers shall have the right and option to extend the Revolving Loan Maturity Date on no more than two occasions, for a single one-year term, of six months each time, first to May 3, 2025 (the “First Extended Maturity Date”) and then to November 3, 20252025 (the “Second Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Revolving Loan Initial Maturity Date or the First Extended Maturity Date, as applicable:
Appears in 1 contract
