Common use of Subject to Excusable Delays Clause in Contracts

Subject to Excusable Delays. Borrower shall promptly (and in any event within 120 days after the applicable casualty or Taking (or such other period as may be agreeable to the Agent and the Majority Lenders)) commence, or cause the commencement of, Restoration of such Mortgaged Property.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Corporate Office Properties Trust), Assignment Agreement (Corporate Office Properties Trust)

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Subject to Excusable Delays. Borrower shall promptly (and in any event within 120 days after the applicable casualty or Taking (or such other period as may be agreeable to the Agent and the Majority Requisite Lenders)) commence, or cause the commencement of, Restoration of such Mortgaged Property.

Appears in 1 contract

Samples: Assignment Agreement (Corporate Office Properties Trust)

Subject to Excusable Delays. Borrower shall promptly (and in any event within 120 days after the applicable casualty or Taking (or such other period as may be agreeable to the Agent and the Majority Requisite Lenders)) commence, or cause the commencement of, Restoration of such Mortgaged Property.

Appears in 1 contract

Samples: Credit Agreement (Corporate Office Properties Trust)

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Subject to Excusable Delays. Borrower shall promptly (and in any event within 120 days after the applicable casualty or Taking (or such other period as may be agreeable to the Agent and the Majority Lenders)Taking) commence, or cause the commencement of, Restoration of such Mortgaged Property.

Appears in 1 contract

Samples: Credit Agreement (Royale Investments Inc)

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