FIRST OPTION TO EXTEND. Borrower shall have the option to extend the term of the Loan from the Original Maturity Date to the First Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
Appears in 6 contracts
Samples: Loan Agreement (KBS Strategic Opportunity REIT II, Inc.), Loan Agreement (Howard Hughes Corp), Building Loan Agreement (Thomas Properties Group Inc)
FIRST OPTION TO EXTEND. Borrower shall have the option to extend the term of the Loan from the Maturity Date (for purposes of this Section, “Original Maturity Date Date”), to the First Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
Appears in 4 contracts
Samples: Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)
FIRST OPTION TO EXTEND. Borrower shall have the option to extend the term ---------------------- of the Loan from the Maturity Date (for purposes of this Section, "Original Maturity Date Date") to the First Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
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FIRST OPTION TO EXTEND. Borrower shall have the option to extend the term of the Loan from the Original Maturity Date to the First Extended Maturity Date, Date upon satisfaction of each of the following conditions precedent:
Appears in 1 contract
FIRST OPTION TO EXTEND. The Borrower shall have the option to extend the term of the Loan Loans from the Maturity Date (for purposes of this Section, "Original Maturity Date Date"), to the First Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
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FIRST OPTION TO EXTEND. (a) Borrower shall have the option to extend the term of the Loan (the "FIRST OPTION TO EXTEND") from the Original Maturity Date (for purposes of this Section, "ORIGINAL MATURITY DATE") to the First Extended Maturity Date, Date upon satisfaction of each of the following conditions precedent:
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
FIRST OPTION TO EXTEND. Borrower shall have the option to extend ("First Option to Extend") the term of the Loan from the Original initial Maturity Date Date, to the First Extended Maturity Date, upon satisfaction of each and every one of the following conditions precedent:
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