Common use of Outside Closing Date Clause in Contracts

Outside Closing Date. If all conditions precedent set forth in Section 3.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before August 15, 2005, then the agreement of the Lenders to fund their respective Pro Rata Shares of the Loan shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 3 contracts

Samples: Senior Mezzanine Credit Agreement (Technical Olympic Usa Inc), Junior Mezzanine Credit Agreement (Technical Olympic Usa Inc), Credit Agreement (Technical Olympic Usa Inc)

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Outside Closing Date. If all conditions precedent set forth in Section 3.1 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before August 15October 30, 20052004, then the agreement of the Lenders to fund their respective Pro Rata Percentage Shares of the Loan shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

Outside Closing Date. If all conditions precedent set forth in Section 3.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before August February 15, 20052008, then the agreement of the Lenders to fund their respective Pro Rata Shares of the Loan Loans shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Credit Agreement (Station Casinos Inc)

Outside Closing Date. If all conditions precedent set forth in Section 3.1 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before August 15, 20052002, then the agreement of the Lenders to fund their respective Pro Rata Percentage Shares of the Term Loan shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

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Outside Closing Date. If all conditions precedent set forth in Section 3.1 5.1 above shall not have been met to the satisfaction of the Administrative Agent and the Lenders on or before August 15, 20052002, then the agreement of the Lenders to fund their respective Pro Rata Percentage Shares of the Interim Loan shall terminate and this Agreement shall automatically be deemed of no further force or effect (except to the extent terms and provisions of this Agreement specifically provide that they shall survive termination hereof).

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

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