Loan Extension definition

Loan Extension means the making of a Loan.

Loan Extension shall have the meaning assigned to such term in Section 2.18(e).

Loan Extension. Collectively, those two (2) twelve (12) month extensions of the Maturity Date of the Loan provided the conditions of Section 10 as to the first loan extension (the "First Loan Extension") and Section 11 as to the second loan extension (the "Second Loan Extension") are satisfied.

Examples of Loan Extension in a sentence

• Any Extended Term Loans amended pursuant to any Term Loan Extension Request shall be designated a series (each, a “Term Loan Extension Series”) of Extended Term Loans for all purposes of this Agreement; provided that any Extended Term Loans amended from an Existing Term Loan Tranche may, to the extent provided in the applicable Extension Amendment, be designated as an increase in any previously established Term Loan Extension Series with respect to such Existing Term Loan Tranche.

• No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Class converted into Extended Term Loans pursuant to any Term Loan Extension Request.

• Each Term Loan Extension Amendment shall be binding on the Lenders, the Loan Parties and the other parties hereto.

• Each Term Loan Extension Series of Extended Term Loans incurred under this Section 2.16 shall be in an aggregate principal amount that is not less than $10,000,000.

• No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Tranche amended into Extended Term Loans pursuant to any Term Loan Extension Request.

More Definitions of Loan Extension

Loan Extension the extension of the maturity date of the Loan from the Original Maturity Date to the Extended Maturity Date pursuant to the Supplemental Loan Agreement

Loan Extension has the meaning specified in Section 2.14(a).

Loan Extension. The term "Loan Extension" is hereby deleted in its entirety.

Loan Extension has the meaning set forth in Section 1.10(d) of this Agreement.

Loan Extension. That certain twelve (12) month extension of the Maturity Date (as defined in the Note) of the Loan, provided the conditions of Section 2.9 are satisfied. Major Leases: Collectively, the Tenant Leases covering a portion of the Mortgaged Property, consisting of (i) the Tenant Lease between Borrower, as lessor, and Alamo Drafthouse, as tenant, covering approximately 33,650 rentable square feet of the Improvements and (ii) the Tenant Lease between Borrower, as lessor, and Austin Diagnostic Clinic, as tenant, covering approximately 13,890 rentable square feet of the Improvements.

Loan Extension means that on the last day of the Basic Term either (a) the Lender shall agree to retain the Loan Certificates in accordance with Section 2.11(c) of the Loan Agreement or (b) a third party lender (x) shall purchase the Loan Certificates in accordance with Section 2.11(e) of the Loan Agreement or (y) shall make a replacement loan pursuant to a loan agreement in substantially the form of the Loan Agreement, mutatis mutandis, with such changes thereto as shall be mutually agreeable to the parties.

Loan Extension means the Extension of the Loans in accordance with the requirements and provisions of Section 1.16 of Addendum 2, the effective date of which shall not be later than December 16, 2001.