Common use of Conditions as Covenants Clause in Contracts

Conditions as Covenants. If the Lenders make any Loans, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for the Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions.

Appears in 4 contracts

Samples: Term Loan Agreement (Wells Real Estate Investment Trust Ii Inc), Term Loan Agreement (Columbia Property Trust, Inc.), Term Loan Agreement (Columbia Property Trust, Inc.)

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Conditions as Covenants. If the Lenders make any Loans, permit the making of the Loan prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loansthe Loan. Unless set forth in writing to the contrary, the making of its the Loan by a Lender on the Effective Date shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for the Loans Loan set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 4 contracts

Samples: Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust)

Conditions as Covenants. If the Lenders make permit the making of any Loans, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for the initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 3 contracts

Samples: Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp), Credit Agreement (Realty Income Corp)

Conditions as Covenants. If the Lenders make any Loans, Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Administrative Agent and the other Lenders that the Borrower has satisfied the conditions precedent for the initial Loans set forth in Sections 5.1 5.1. and 5.2 or such Lender has waived such conditions5.2.

Appears in 3 contracts

Samples: Term Loan Agreement (Corporate Office Properties, L.P.), Term Loan Agreement (Corporate Office Properties, L.P.), Term Loan Agreement (Corporate Office Properties, L.P.)

Conditions as Covenants. If the Lenders make any Loans, Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for the initial Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions.

Appears in 2 contracts

Samples: Term Loan Agreement (Columbia Property Trust, Inc.), Mezzanine Credit Agreement (NNN Apartment REIT, Inc.)

Conditions as Covenants. If the Lenders make any Loans, permit the making of the Loan prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1 and 5.26.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loansthe Loan. Unless set forth in writing to the contrary, the making of its the Loan by a Lender on the Effective Date shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for the Loans Loan set forth in Sections 5.1 6.1 and 5.2 or such Lender has waived such conditions6.2.

Appears in 2 contracts

Samples: Term Loan Agreement (RLJ Lodging Trust), Term Loan Agreement (RLJ Lodging Trust)

Conditions as Covenants. If the Lenders make any Loans, the Term Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2Section 5.1., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for the Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions.

Appears in 1 contract

Samples: Term Loan Agreement (Security Capital Group Inc/)

Conditions as Covenants. If the Lenders make any Loans, Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for the Loans set forth in Sections 5.1 and 5.2 or such Lender has waived such conditions.

Appears in 1 contract

Samples: Term Loan Agreement (Columbia Property Trust, Inc.)

Conditions as Covenants. If the Lenders make any Loans, Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 and 5.2Section 5.1, the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for the Loans set forth in Sections Section 5.1 and 5.2 or such Lender has waived such conditions.

Appears in 1 contract

Samples: Credit Agreement (Wells Real Estate Investment Trust Ii Inc)

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Conditions as Covenants. If the Lenders make any the Loans, prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loansthe Loans unless waived as permitted hereunder. Unless set forth in writing to the contrary, the making of its Loan by a Lender shall constitute a certification confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for the Loans set forth in Sections 5.1 5.1. and 5.2 or such Lender has waived such conditions5.2.

Appears in 1 contract

Samples: Term Loan Agreement (Pennsylvania Real Estate Investment Trust)

Conditions as Covenants. If the Lenders make permit the making of any Loans, Loan prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) Business Days after the date of the making of such LoansLoan. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Administrative Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for the initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 1 contract

Samples: Term Loan Agreement (RLJ Lodging Trust)

Conditions as Covenants. If the Lenders make any Loans, Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for the Loans set forth in Sections 5.1 and 5.2 or such Lender has unless waived such conditionsas permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Conditions as Covenants. If the Lenders make any Loans, Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans. Unless set forth in writing to the contrarycontrary prior to the making of its initial Loan hereunder, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Agent and the other Lenders that the Borrower has satisfied the conditions precedent for the initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 1 contract

Samples: Credit Agreement (Captec Net Lease Realty Inc)

Conditions as Covenants. If the Lenders make permit the making of any Loans, Loans prior to the satisfaction of all applicable conditions precedent set forth in Sections 5.1 6.1. and 5.26.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within five (5) 5 Business Days after the date of the making of such Loans. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification confirmation by such Lender to the Agent and the other Lenders that insofar as such Lender is concerned the Borrower has satisfied the conditions precedent for the initial Loans set forth in Sections 5.1 6.1. and 5.2 or such Lender has waived such conditions6.2.

Appears in 1 contract

Samples: Term Loan Agreement (Keystone Property Trust)

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