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 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.

• 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 $5,000,000 (or, if less, the entire principal amount of the Indebtedness being extended pursuant to this Section 2.16(a)).

More Definitions of Loan Extension

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

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 is hereby deleted in its entirety.

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 has the meaning ascribed thereto in the Prospectus;

Loan Extension means the extension of the Loan in accordance with the provisions of Section 2.9 of the Loan Agreement.

Loan Extension. As defined in Section 2.11 hereof.