Common use of Term Extension Option Clause in Contracts

Term Extension Option. The outstanding balance of the Loan, together with all accrued and unpaid interest and other amounts accrued and unpaid under the Loan Documents, shall be payable in full on the earliest to occur of (i) Xxxxx 0, 0000, (xx) the acceleration of the Loan pursuant to Section 10.2(a), or (iii) Borrower’s written notice to Lender (pursuant to Section 2.4(a)) of Borrower’s election to prepay all accrued Obligations (said earliest date referred to herein as the “Maturity Date”); provided, however, that Borrower shall have the right to one (1) extension of the date referred to in clause (i) above, for an additional ninety (90) day period (i.e., to June 9, 2009), as follows:

Term Extension Option. The outstanding balance of the Loan, together with all accrued and unpaid interest and other amounts accrued and unpaid under the Loan Documents, shall be payable in full on the earliest to occur of (i) Xxxxx 0February 28, 00002008, (xxii) the acceleration of the Loan pursuant to Section 10.2(a), or (iii) Borrower’s written notice to Lender (pursuant to Section 2.4(a)) of Borrower’s election to prepay all accrued Obligations (said earliest date referred to herein as the “Maturity Date”); provided, however, that Borrower shall have the right to one (1) extension of the date referred to in clause (i) above, for an additional ninety sixty (9060) day period (i.e., to June 9April 28, 20092008), as follows:

Term Extension Option. The outstanding balance of the Loan, together with all accrued and unpaid interest and other amounts accrued and unpaid under the Loan Documents, shall be payable in full on the earliest to occur of (i) Xxxxx 0February 13, 00002008, (xxii) the acceleration of the Loan pursuant to Section 10.2(a), or (iii) Borrower’s written notice to Lender (pursuant to Section 2.4(a)) of Borrower’s election to prepay all accrued Obligations (said earliest date referred to herein as the “Maturity Date”); provided, however, that Borrower shall have the right to one (1) extension of the date referred to in clause (i) above, for an additional ninety sixty (9060) day period (i.e., to June 9April 14, 20092008), as follows:

Term Extension Option. The outstanding balance of the Loan, together with all accrued and unpaid interest and other amounts accrued and unpaid under the Loan Documents, shall be payable in full on the earliest to occur of (i) Xxxxx 0January 30, 00002009, (xxii) the acceleration of the Loan pursuant to Section 10.2(a), or (iii) Borrower’s written notice to Lender (pursuant to Section 2.4(a)) of Borrower’s election to prepay all accrued Obligations (said earliest date referred to herein as the “Maturity Date”); provided, however, that Borrower shall have the right to one (1) extension of the date referred to in clause (i) above, for an additional ninety (90) day period (i.e., to June 9April 30, 2009), as follows: