Second Option to Extend. Borrower shall have the option to extend the term of the Loan from the First Extended Maturity Date to the Second Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
Appears in 3 contracts
Samples: Loan Agreement (Howard Hughes Corp), Third Modification Agreement (Thomas Properties Group Inc), Second Modification Agreement (Thomas Properties Group Inc)
Second Option to Extend. If Borrower shall have exercised the First Option to Extend and the Original Maturity Date of the Note shall have been extended in accordance with the terms and provisions of this Agreement, Borrower shall have the option to further extend the term of the Loan from the First Extended Maturity Date to the Second Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
Appears in 3 contracts
Samples: Loan Agreement, Building Loan Agreement (Thomas Properties Group Inc), Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.)
Second Option to Extend. The Borrower shall have the option to extend the term of the Loan Loans from the Maturity Date (for purposes of this Section, "First Extended Maturity Date Date"), to the Second Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
Appears in 2 contracts
Samples: Unsecured Loan Agreement (Iac Capital Trust), Unsecured Loan Agreement (Iac Capital Trust)
Second Option to Extend. If Borrower shall have exercised the First Option to Extend and the Original Maturity Date shall have been extended to the First Extended Maturity Date in accordance with this Agreement, Borrower shall have the option to further extend the term of the Loan from the First Extended Maturity Date to the Second Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
Appears in 2 contracts
Samples: Loan Agreement (KBS Strategic Opportunity REIT II, Inc.), Loan Agreement (KBS Strategic Opportunity REIT II, Inc.)
Second Option to Extend. (a) If Borrower shall have exercised the First Option to Extend and the Original Maturity Date of the Note shall have been extended in accordance with the terms and provisions of this Agreement, Borrower shall have the option to further extend the term of the Loan (the "SECOND OPTION TO EXTEND") from the First Extended Maturity Date to the Second Extended Maturity Date, Date upon satisfaction of each of the following conditions precedent:
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
Second Option to Extend. Borrower shall have the option to extend the term of the Loan from the First Extended Maturity Date to the Second Extended Maturity Date, Date upon satisfaction of each of the following conditions precedent:
Appears in 1 contract
Second Option to Extend. If Borrower shall have exercised the First Option to Extend and the Scheduled Maturity Date of the Note shall have been extended in accordance with the terms and provisions of this Agreement, Borrower shall have the option to further extend the term of the Loan from the First Extended Maturity Date ("Second Option to Extend") to the Second Extended Maturity Date, upon satisfaction of each and every one of the following conditions precedent:
Appears in 1 contract
