Common use of Extension of Revolving Maturity Date Clause in Contracts

Extension of Revolving Maturity Date. If (and only if) the conditions precedent set forth in Section 2.15(d) have been met, then, effective as of the Initial Maturity Date, the Revolving Maturity Date shall be extended to the date falling one year after the Initial Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day).

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Ventas Inc), Credit Agreement (Hcp, Inc.)

AutoNDA by SimpleDocs

Extension of Revolving Maturity Date. If (and only if) the conditions precedent set forth in Section 2.15(d) have been met, then, effective as of the applicable Initial Maturity Date, the Revolving Maturity Date shall be extended to the date falling one year six months after the such Initial Maturity Date (except that, if such date is not a Business Day, such Revolving Maturity Date as so extended shall be the next preceding Business Day).

Appears in 1 contract

Samples: Credit Agreement (Hcp, Inc.)

Extension of Revolving Maturity Date. If (and only if) the conditions precedent set forth in Section 2.15(d) have been met, then, effective as of the Initial Revolving Maturity Date, the Revolving Maturity Date shall be extended to the date falling one year after the Initial Revolving Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas Inc)

AutoNDA by SimpleDocs

Extension of Revolving Maturity Date. If (and only if) the conditions precedent set forth in Section 2.15(d) have been met, then, effective as of the Initial Existing Revolving Maturity Date, the Revolving Maturity Date shall be extended to the date falling one year six months after the Initial Existing Revolving Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day); provided that the Revolving Maturity Date shall not be extended beyond the first anniversary of the Initial Revolving Maturity Date.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Care Capital Properties, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!