Third Qualified Extension Option. Borrowers shall have the right to extend the Second Qualified Extended Maturity Date to the Third Qualified Extended Maturity Date (the “Third Qualified Extension Option”; and the period commencing on the first (1st) day following the Second Qualified Extended Maturity Date and ending on the Third Qualified Extended Maturity Date being referred to herein as the “Third Qualified Extension Term”), provided that all of the following conditions are satisfied:
Appears in 4 contracts
Samples: Second Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), First Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), Loan Agreement (Hard Rock Hotel Holdings, LLC)
