Common use of Substitution, Exchange and Subdivision of Notes Clause in Contracts

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 (and, if requested by any Lender in connection with such permitted assignment, the Borrower agrees to so exchange any Note).

Appears in 6 contracts

Samples: Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (American Realty Capital Global Trust II, Inc.), Credit Agreement (American Realty Capital Trust V, Inc.)

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Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 Sections 12.10 and 12.24 (and, if requested by any Lender Lender, Borrower agrees in accordance with and subject to Sections 12.10 and 12.24, to so substitute or exchange any Notes and enter into note splitter agreements in connection with such permitted assignment, the Borrower agrees to so exchange any Notetherewith).

Appears in 3 contracts

Samples: Mezzanine Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Morgans Hotel Group Co.)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 12.9 and Section 12.24 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (Maguire Properties Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 Sections 12.10 and 12.24 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection with any such permitted assignment).

Appears in 2 contracts

Samples: Loan Agreement (General Growth Properties, Inc.), Loan Agreement (General Growth Properties Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 Sections 12.10 and 12.24 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 2 contracts

Samples: Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note Notes pursuant to Section 9.04 12.9 and Section 12.23 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 2 contracts

Samples: Acquisition and Project Loan Agreement (Acadia Realty Trust), Assignment and Assumption (Acadia Realty Trust)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant 's Commitment, Loans and Note pursuant to Section 9.04 SECTION 11.24 (and, if requested by any Lender Lender, the Borrowers agree to so substitute or exchange any Note and enter into note splitter agreements in connection with such permitted assignment, the Borrower agrees to so exchange any Notetherewith).

Appears in 1 contract

Samples: Loan Agreement (Burnham Pacific Properties Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 Sections 12.9(3), 12.10 and 12.24 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith provided the original note or notes so substituted or exchanged are delivered to Borrower).

Appears in 1 contract

Samples: Loan Agreement (Douglas Emmett Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 (and, if requested by any Lender in connection with such permitted assignment, the Borrower agrees to so exchange any Note).

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 11.9(c), Section 11.10 and Section 11.24 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 1 contract

Samples: Loan Agreement (Shurgard Storage Centers Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 (and, if requested by any Lender in connection with such permitted assignment, the Borrower agrees to so exchange any Note)) or an increase in such Lender’s Commitment pursuant to Section 9.15.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note Notes pursuant to Section 9.04 Sections 13.9(3), 13.10 and 13.20 (and, if requested by any Lender Lender, Borrowers agree to so substitute or exchange any Notes and enter into note splitter agreements in connection with such permitted assignment, the Borrower agrees to so exchange any Notetherewith).

Appears in 1 contract

Samples: Loan Agreement (Colony Financial, Inc.)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant 's Commitment, Loans and Note pursuant to Section 9.04 Sections 12.10 and 12.24 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

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Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant 's Commitment, Loans and Note pursuant to Section 9.04 12.06 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so exchange any Note, any such exchanged note to be dated as of the date of such exchange).

Appears in 1 contract

Samples: Credit Agreement (Entertainment Properties Trust)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant 's Commitment, Loans and Note pursuant to Section 9.04 Sections 3.9, 4.1(1), and 4.2 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 1 contract

Samples: Loan Agreement (Prime Group Realty Trust)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant 's Commitment, Loans and Note pursuant to Section 9.04 11.9(c), Section 11.10 and Section 11.24 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 1 contract

Samples: Loan Agreement (Shurgard Storage Centers Inc)

Substitution, Exchange and Subdivision of Notes. No ----------------------------------------------- Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s 's relevant Commitment, Loans and Note pursuant to Section 9.04 (and, ------------ if requested by any Lender in connection with such permitted assignment, the Borrower agrees to so exchange any Note).

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant 's Commitment, Loans and Note pursuant to Section 9.04 Sections 11.10(3) and 11.25 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any NoteNote and enter into note splitter agreements in connection therewith).

Appears in 1 contract

Samples: Loan Agreement (Metropolis Realty Trust Inc)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note Notes substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note pursuant to Section 9.04 12.9 and Section 12.24 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower Xxxxxxxx agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 1 contract

Samples: Construction Loan Agreement

Substitution, Exchange and Subdivision of Notes. No Each Lender shall be entitled to have its Note Note(s) substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except from time to time in connection with a permitted assignment of all or any portion of such Lender’s relevant Commitment, Loans and Note Notes pursuant to Section 9.04 Sections 12.10, 12.12 or 12.27 (and, if requested by any Lender in connection with such permitted assignmentLender, the each Borrower agrees to so substitute or exchange any NoteNotes and enter into note splitter agreements in connection therewith).

Appears in 1 contract

Samples: Loan Agreement (Tarragon Corp)

Substitution, Exchange and Subdivision of Notes. No Lender shall be entitled to have its Note substituted or exchanged for any reason, or subdivided for promissory notes of lesser denominations, except in connection with a permitted assignment of all or any portion of such Lender’s relevant 's Commitment, Loans and Note pursuant to Section 9.04 11.24 and/or in connection with a Secondary Market Transaction pursuant to Section 11.9 and/or pursuant to Section 11.10 (and, if requested by any Lender in connection with such permitted assignmentLender, the Borrower agrees to so substitute or exchange any Note).

Appears in 1 contract

Samples: Loan Agreement (Center Trust Inc)

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