Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial Maturity Date for one year, until the First Extended Maturity Date, upon satisfaction of the following terms and conditions:
Appears in 11 contracts
Samples: Loan Agreement, Sixth Mezzanine Loan Agreement (Harrahs Entertainment Inc), Fourth Mezzanine Loan Agreement (Harrahs Entertainment Inc)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for three (3) successive terms (each, an “Extension Option”) of one year(1) year each (each, until an “Extension Period”) to (x) the First Payment Date occurring in October, 2008, (y) the Payment Date occurring in October, 2009 and (z) the Payment Date occurring in October, 2010 (each such date, the “Extended Maturity Date”), respectively, and, as to each Extension Option, upon satisfaction of the following terms and conditions:
Appears in 4 contracts
Samples: Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Corp)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Stated Maturity Date for two (2) successive terms (the “Extension Option”) of one year(1) year each (each, until an “Extension Period”) to (i) the First Monthly Payment Date occurring in February, 2022 if the first Extension Option is exercised, and (ii) the Monthly Payment Date occurring in February, 2023 if the second Extension Option is exercised (each such date, the “Extended Maturity Date, ”) upon satisfaction of the following terms and conditions:
Appears in 3 contracts
Samples: Loan Agreement (Retail Value Inc.), Loan Agreement (Retail Value Inc.), Loan Agreement (DDR Corp)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial Maturity Date for three (3) successive terms (the “Extension Option”) of one year(1) year each (each, until an “Extension Period”) to (i) April 9, 2020 if the First first Extension Option is exercised, (ii) April 9, 2021 if the second Extension Option is exercised, and (iii) April 9, 2022 if the third Extension Option is exercised (each such date, the “Extended Maturity Date, ”) upon satisfaction of the following terms and conditions:
Appears in 3 contracts
Samples: Mezzanine B Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Mezzanine a Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term Initial Maturity Date of the Loan beyond for three (3) successive terms (each such option, an “Extension Option” and each such successive term, an “Extension Term”) of one (1) year each (the Initial Maturity Date for one year, until following the First exercise of each such option is hereinafter the “Extended Maturity Date, ”) upon satisfaction of the following terms and conditions:
Appears in 3 contracts
Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial Maturity Date for three (3) successive terms (the “Extension Option”) of one year(1) year each (each, until an “Extension Period”) to (i) October 9, 2021 if the First first Extension Option is exercised, (ii) October 9, 2022 if the second Extension Option is exercised, and (iii) October 9, 2023 if the third Extension Option is exercised (each such date, the “Extended Maturity Date, ”) upon satisfaction of the following terms and conditions:
Appears in 3 contracts
Samples: Mezzanine B Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Mezzanine a Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for two (2) successive terms (each, an “Extension Option”) of one year(1) year each (each, until an “Extension Period”) to (x) November 1, 2011 and (y) November 1, 2012 (each such date, the First “Extended Maturity Date”), respectively, and, as to each Extension Option, upon satisfaction of the following terms and conditions:
Appears in 2 contracts
Samples: Mezzanine a Loan Agreement (Archstone Smith Operating Trust), Mezzanine B Loan Agreement (Archstone Smith Operating Trust)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for two (2) successive terms (each, an “Extension Option”) of one year(1) year each (each, until an “Extension Period”) to (y) the Payment Date occurring in June, 2011 (the “First Extension Option”) and (z) the Payment Date occurring in June, 2012 (the “Second Extension Option”) (each such date, the “Extended Maturity Date”), respectively, and, as to each Extension Option, upon satisfaction of the following terms and conditions:
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for one yeartwo (2) successive terms (each, until an “Extension Option”) of twelve (12) months each (each, an “Extension Period”) to (i) November 9, 2021 if the First first Extension Option is exercised and (ii) November 9, 2022 if the second Extension Option is exercised (each such date, the “Extended Maturity Date, ”) upon satisfaction of the following terms and conditions:conditions (in each case as determined by Lender):
Appears in 2 contracts
Samples: Loan Agreement (Medalist Diversified REIT, Inc.), Loan Agreement (Medalist Diversified REIT, Inc.)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for one year(1) term (the “Extension Option”) of six (6) months (the “Extension Period”) to the Payment Date occurring in October, until 2006 (the First “Extended Maturity Date”), and upon satisfaction of the following terms and conditions:
Appears in 2 contracts
Samples: Loan Agreement (Meristar Hospitality Corp), Loan Agreement (Meristar Hospitality Operating Partnership Lp)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for one year(1) term (the “Extension Option”) of six (6) months (the “Extension Period”) to November 9, until 2022, if the First Extension Option is exercised (the “Extended Maturity Date, ”) upon satisfaction of the following terms and conditions:conditions (in each case as determined by Lender):
Appears in 1 contract
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term Initial Maturity Date of the Loan beyond for one (1) term (such option, the Initial “Extension Option” and such successive term, the “Extension Term”) of three (3) months (the Maturity Date for one year, until following the First exercise of each such option is hereinafter the “Extended Maturity Date, ”) upon satisfaction of the following terms and conditions:
Appears in 1 contract
Extension of the Maturity Date. (a) Borrower Maker shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for two (2) successive terms (each, an “Extension Option”) of one year(1) year each to (x) the Payment Date occurring in [ ], until 2008, and (y) the First Payment Date occurring in [ ], 2009 (each such date, the Extended Maturity Date”), respectively, and, as to each Extension Option, upon satisfaction of the following terms and conditions:
Appears in 1 contract
Samples: Loan Agreement (Capital Lodging)
Extension of the Maturity Date. (aI) Borrower shall have the option to extend the term of the Loan (the "EXTENSION OPTION") beyond the Initial initial Maturity Date for one year(1) term (the "EXTENSION TERM") of one (1) year to the Payment Date occurring in ______________, until the First Extended Maturity Date2008, upon satisfaction of the following terms and conditions:
Appears in 1 contract
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for one yearthree (3) successive terms (each, until the First Extended Maturity Date, upon satisfaction of the following terms and conditions:an
Appears in 1 contract
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Stated Maturity Date for one year(1) term (the “Extension Option”) of six (6) months (the “Extension Period”) to (i) April 5, until 2026 (the First “Extended Maturity Date, ”) if the Extension Option is exercised upon satisfaction of the following terms and conditions:conditions (in each case as determined by Lender):
Appears in 1 contract
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial Maturity Date for four (4) successive terms (each, an “Extension Option”) of one year(1) year each to (w) the Payment Date occurring in April, until the First Extended Maturity Date2018, upon satisfaction of the following terms and conditions:(x)
Appears in 1 contract
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for two (2) successive terms (each, an “Extension Option”) of one year(1) year each to (x) the Payment Date occurring in [ ], until 2008, and (y) the First Payment Date occurring in [ ], 2009 (each such date, the Extended Maturity Date”), respectively, and, as to each Extension Option, upon satisfaction of the following terms and conditions:
Appears in 1 contract
Extension of the Maturity Date. (aI) Borrower shall have the option to extend the term of the Loan (the "EXTENSION OPTION") beyond the Initial initial Maturity Date for one year(1) term (the "EXTENSION TERM") of one (1) year to the Payment Date occurring in July, until the First Extended Maturity Date2008, upon satisfaction of the following terms and conditions:
Appears in 1 contract
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan Loans beyond the Initial initial Maturity Date of February 10, 2026 for one year(1) term (the “First Extension Option”) of six (6) months (the “First Extension Period”) to August 10, until 2026 (the “First Extended Maturity Date”), upon satisfaction of the following terms and conditions:conditions (the “First Extension Conditions”):
Appears in 1 contract
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Stated Maturity Date for one year, until the First Extended Maturity Date, upon satisfaction of the following terms and conditions:three (3) successive terms
Appears in 1 contract
Samples: Loan Agreement (Retail Value Inc.)
Extension of the Maturity Date. (a) Borrower shall have the option to extend the term of the Loan beyond the Initial initial Maturity Date for two (2) successive terms (each, an “Extension Option”) of one year(1) year each to (x) the Payment Date occurring in December, until 2007 and (y) the First Payment Date occurring in December, 2008 (each such date, the “Extended Maturity Date”), respectively, and, as to each Extension Option, upon satisfaction of the following terms and conditions:
Appears in 1 contract
Samples: Loan Agreement (RFS Partnership Lp)