Common use of Outside Closing Date Clause in Contracts

Outside Closing Date. If all conditions precedent set forth in Section 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before May 6, 2005, then the agreement of the Lenders to fund their respective Percentage Shares of the Term Loan or the Interim Loan, as applicable, shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

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Outside Closing Date. If all conditions precedent set forth in Section 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before May 615, 20052003, then the agreement of the Lenders to fund their respective Percentage Shares of the Term Loan or the Interim Loan, as applicable, shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Term Loan Facility Credit Agreement (Macerich Co)

Outside Closing Date. If all conditions precedent set forth in Section 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before May 6October 30, 20052004, then the agreement of the Lenders to fund their respective Percentage Shares of the Term Loan or the Interim Loan, as applicable, shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

Outside Closing Date. If all conditions precedent set forth in Section 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before May 6August 15, 20052004, then the agreement of the Lenders to fund their respective Applicable Percentage Shares of the Term Loan or Commitments (and the Interim Loan, as applicable, agreement of the Issuing Lender to issue Letters of Credit) shall terminate and (i) this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof); and (ii) the Existing Credit Agreement shall remain in full force in effect.

Appears in 1 contract

Samples: Revolving Loan Facility Credit Agreement (Macerich Co)

Outside Closing Date. If all conditions precedent set forth in Section 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before May 6August 15, 20052002, then the agreement of the Lenders to fund their respective Percentage Shares of the Term Interim Loan or the Interim Loan, as applicable, shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

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Outside Closing Date. If all conditions precedent set forth in Section 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before May 6August 15, 20052002, then the agreement of the Lenders to fund their respective Applicable Percentage Shares of the Term Loan or Commitments (and the Interim Loan, as applicable, agreement of the Issuing Lender to issue Letters of Credit) shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

Outside Closing Date. If all conditions precedent set forth in Section 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before May 6August 15, 20052002, then the agreement of the Lenders to fund their respective Percentage Shares of the Term Loan or the Interim Loan, as applicable, shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

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