Common use of New Notes Clause in Contracts

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that new Notes executed by Borrower, dated the Assignment Effective Date and in the amount of the respective Pro Rata Shares of Assignor and Assignee in the original Loan amount, after giving effect to this Agreement, are issued to Assignor and Assignee, in exchange for the surrender by Assignor and Assignee to Borrower of any applicable outstanding Notes, marked “Exchanged”.

Appears in 9 contracts

Samples: Loan Agreement (Ryman Hospitality Properties, Inc.), Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

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New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that new Notes executed by the Borrower, dated the Assignment Effective Date and in the amount of the respective Pro Rata Shares of Assignor and Assignee in the original Loan amount, after giving effect to this Agreement, are issued to Assignor and Assignee, in exchange for the surrender by Assignor and Assignee to Borrower of any applicable outstanding Notes, marked “Exchanged”.

Appears in 4 contracts

Samples: Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Loan Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that new Notes executed by Borrower, dated the Assignment Effective Date and in the amount of the respective Pro Rata Shares of Assignor and Assignee in the original Loan amount, after giving effect to this Agreement, are issued to Assignor and Assignee, in exchange for the surrender by Assignor and Assignee to Borrower of any applicable outstanding Notes, marked "Exchanged".

Appears in 2 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (CBL & Associates Properties Inc)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that new Notes executed by Borrower, dated the Assignment Effective Date and in the amount of the respective Pro Rata Shares [respective] Commitment[s] of [Assignor and Assignee in the original Loan amountand] Assignee, after giving effect to this Agreement, are issued to [Assignor and and] Assignee, in exchange for the surrender by Assignor [and Assignee Assignee] to Borrower of any applicable outstanding Notes, marked "Exchanged".

Appears in 2 contracts

Samples: Revolving Credit Agreement (Arden Realty Limited Partnership), Revolving Credit Agreement (Arden Realty Inc)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that new Notes executed by Borrower, dated the Assignment Effective Date and in the amount of the respective Pro Rata Shares pro rata shares of Assignor and Assignee in the original Loan amount, after giving effect to this Agreement, are issued to Assignor and Assignee, in exchange for the surrender by Assignor and Assignee to Borrower of any applicable outstanding Notes, marked "Exchanged" or "Cancelled".

Appears in 2 contracts

Samples: Unsecured Term Loan Agreement (CBL & Associates Properties Inc), Unsecured Credit Agreement (CBL & Associates Properties Inc)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that new Loan Notes executed by Borrower, dated the Assignment Effective Date and in the amount of the respective Pro Rata Shares [respective] Loan[s] of [Assignor and Assignee in the original Loan amountand] Assignee, after giving effect to this Agreement, are issued to [Assignor and and] Assignee, in exchange for the surrender by Assignor [and Assignee Assignee] to Borrower of any applicable outstanding NotesLoan Note[s], marked "Exchanged".

Appears in 1 contract

Samples: Term Loan Agreement (Chelsea Property Group Inc)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that new Notes executed by Borrower, dated the Assignment Effective Date and in the amount of the respective Pro Rata Shares of Assignor and Assignee in the original Loan Facility amount, after giving effect to this Agreement, are issued to Assignor and Assignee, in exchange for the surrender by Assignor and Assignee to Borrower of any applicable outstanding Notes, marked “Exchanged”.

Appears in 1 contract

Samples: Revolving Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that [a] new Notes Note[s] executed by Borrower, dated as of the Assignment Effective Date and in the amount of the respective Pro Rata Shares [respective] commitment[s] of [Assignor and and] Assignee in the original Loan amountfor each Facility, after giving effect to this Agreement, are issued to [Assignor and and] Assignee, in exchange for the surrender by Assignor [and Assignee Assignee] to Borrower of any applicable outstanding Notes, Note marked “Exchanged”.

Appears in 1 contract

Samples: Revolving Loan Agreement (Kennedy-Wilson Holdings, Inc.)

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New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that a new Notes Note executed by Borrower, dated as of the Assignment Effective Date and in the amount of the respective Pro Rata Shares [respective] commitment[s] of [Assignor and Assignee in the original Loan amountand] Assignee, after giving effect to this Agreement, are issued to [Assignor and and] Assignee, in exchange for the surrender by Assignor [and Assignee Assignee] to Borrower of any applicable outstanding Notes, Note marked “Exchanged”.. A/72437573.12

Appears in 1 contract

Samples: Construction Loan Agreement (Saul Centers Inc)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that a new Notes Note executed by Borrower, dated as of the Assignment Effective Date and in the amount of the respective Pro Rata Shares [respective] commitment[s] of [Assignor and Assignee in the original Loan amountand] Assignee, after giving effect to this Agreement, are issued to [Assignor and and] Assignee, in exchange for the surrender by Assignor [and Assignee Assignee] to Borrower of any applicable outstanding Notes, Note marked "Exchanged".

Appears in 1 contract

Samples: Revolving Credit Agreement (Saul Centers Inc)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that new Notes executed by Borrower, dated the Assignment Effective Date and in the amount of the respective Pro Rata Shares [respective] Commitment[s] of [Assignor and Assignee in the original Loan amountand] Assignee, after giving effect to this Agreement, are issued to [Assignor and and] Assignee, in exchange for the surrender by Assignor [and Assignee Assignee] to Borrower of any applicable outstanding Notes, marked “Exchanged”.

Appears in 1 contract

Samples: Revolving Credit Agreement (Arden Realty Inc)

New Notes. On or promptly after the Assignment Effective Date, Borrower, Administrative Agent, Assignor and Assignee shall make appropriate arrangements so that a new Notes Note executed by Borrower, dated as of the Assignment Effective Date and in the amount of the respective Pro Rata Shares [respective] commitment[s] of [Assignor and Assignee in the original Loan amountand] Assignee, after giving effect to this Agreement, are issued to [Assignor and and] Assignee, in exchange for the surrender by Assignor [and Assignee Assignee] to Borrower of any applicable outstanding Notes, Note marked “Exchanged”.

Appears in 1 contract

Samples: Revolving Credit Agreement (Saul Centers Inc)

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