Subsequent Renewal Options. The parties hereto acknowledge and agree that the extension of the Availability Period Expiration Date provided for in this Amendment constitutes and exhausts the First Renewal Option provided in Article 3(i) of the Master Repurchase Agreement. Any requests by Seller to exercise a Subsequent Renewal Option shall be approved or denied in accordance with the terms and conditions set forth in Article 3(i) of the Master Repurchase Agreement.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Claros Mortgage Trust, Inc.), Master Repurchase Agreement (Claros Mortgage Trust, Inc.)
Subsequent Renewal Options. The parties hereto acknowledge and agree that the extension of the Availability Period Expiration Date provided for in this Amendment constitutes and exhausts the First Renewal Option provided in Article 3(i) of the Master Repurchase Agreement. Any requests by Seller to exercise a Subsequent Renewal Option shall be approved or denied in accordance with the terms and conditions set forth in Article 3(i3(i)(ii) of the Master Repurchase Agreement.
Appears in 2 contracts
Samples: Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.), Master Repurchase and Securities Contract Agreement (Claros Mortgage Trust, Inc.)
