No Election. In the event that no Lender elects to commit to fund a Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such Election Period, so notify Borrower and each Lender.
Appears in 13 contracts
Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Portfolio Lp)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount and Defaulting Lender Obligations within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 9 contracts
Samples: Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 7 contracts
Samples: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.), Estate Term Loan Agreement (Alexander & Baldwin, Inc.), Term Loan Agreement (Alexander & Baldwin, Inc.)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount and Defaulting Lender Obligations within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 2 contracts
Samples: Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Loan Agreement (FSP 50 South Tenth Street Corp)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount Amounts within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 2 contracts
Samples: Construction Loan Agreement (Armada Hoffler Properties, Inc.), Construction Loan Agreement (Armada Hoffler Properties, Inc.)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount and Defaulting Lender Obligations within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower the Operating Partnership and each Lender.
Appears in 1 contract
Samples: Credit Agreement (Behringer Harvard Opportunity REIT I, Inc.)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount and Defaulting Lender Obligations within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 1 contract
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 1 contract
Samples: Credit Agreement (St Joe Co)
No Election. In the event that no Lender elects to ----------- commit to fund a the Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 1 contract
Samples: Construction Loan Agreement (Wells Real Estate Investment Trust Inc)
No Election. In the event that no Lender elects to commit to fund the Defaulting Lender Amount and Defaulting Lender Obligations of a Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 1 contract
