Extension of Term Loan Maturity Date. The Borrower shall have the right and option to extend the Term Loan Maturity Date in respect of the Total Term Loan Commitment or portion thereof, if reduced in accordance with §2.4, a total of one (1) time for a period of twelve (12) months upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Term Loan Maturity Date:
Appears in 2 contracts
Samples: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ Reit, Inc.)
Extension of Term Loan Maturity Date. The Borrower shall have the one-time right and option to extend the Term Loan Maturity Date in respect of the Total Term Loan Commitment or portion thereofto December 11, if reduced in accordance with §2.42011, a total of one (1) time for a period of twelve (12) months upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Term Loan Maturity Date:
Appears in 2 contracts
Samples: Credit Agreement (Behringer Harvard Reit I Inc), Credit Agreement (Behringer Harvard Reit I Inc)
Extension of Term Loan Maturity Date. The Borrower shall have the right and option two successive options to extend the Term Loan Maturity Date in respect for two successive periods of the Total Term Loan Commitment or portion thereof, if reduced in accordance with §2.4, a total of one (1) time for a period of twelve (12) 12 months each upon satisfaction of and subject to the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Term Loan Maturity Dateconditions:
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Extension of Term Loan Maturity Date. The Borrower shall have the right and option to extend the Term Loan Maturity Date shall be extended from April 1, 2006 to December 31, 2006, and the following definition, as set forth in respect Article I of the Total Term Loan Commitment or portion thereofAgreement, if reduced is hereby revised and replaced in accordance with §2.4, a total of one (1) time for a period of twelve (12) months upon satisfaction of its entirety by the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Term Loan Maturity Datefollowing:
Appears in 1 contract
Samples: Terms Agreement (MPW Industrial Services Group Inc)
