Extension of Maturity Date. Borrower shall have the option to extend the Maturity Date from the Original Maturity Date to the Extended Maturity Date, upon satisfaction of each of the following conditions precedent:
Appears in 7 contracts
Samples: Credit Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust), Credit Agreement (Chesapeake Lodging Trust)
Extension of Maturity Date. Borrower shall have the right and option to extend the Maturity Date from (a) to a date ending upon the Original Maturity Date expiration of the First Extension Period, and (b) upon expiration of the First Extension Period, to a date ending upon the expiration of the Second Extension Period, subject to the Extended Maturity Date, upon satisfaction of each of the following conditions precedentthat:
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Extension of Maturity Date. Borrower shall have The Maturity Date may be extended at the option to extend the Maturity Date from the Original Maturity Date to the Extended Maturity Date, upon satisfaction of each of the following conditions precedentBorrower as follows:
Appears in 2 contracts
Samples: Loan Agreement (Summit Hotel Properties, Inc.), Loan Agreement (American Realty Capital Hospitality Trust, Inc.)
Extension of Maturity Date. Subject to the provisions of this Section 2.15, the Borrower shall have the option to extend the Maturity Date then in effect hereunder (the “Existing Maturity Date”), for an additional one (1) year from the Original Existing Maturity Date (the “Extension Option”), subject to the Extended Maturity Date, upon satisfaction of each of the following conditions precedentconditions:
Appears in 2 contracts
Samples: Credit Agreement (Sun Communities Inc), Credit Agreement (Sun Communities Inc)
Extension of Maturity Date. Borrower shall have the one (1) option to extend the Maturity Date from the Original Maturity Date to the Extended Maturity Datefor a period of one year, upon satisfaction of each of the following conditions precedent:
Appears in 2 contracts
Samples: Credit Agreement (Equity Inns Inc), Secured Revolving Credit Agreement (Equity Inns Inc)
Extension of Maturity Date. The Borrower shall have the one (1) option to extend (the “Option to Extend”) the Maturity Date from the Original Maturity Date to the Extended Maturity Date, by one (1) year upon satisfaction of each of the following conditions precedent:
Appears in 1 contract
Samples: Credit Agreement (RLJ Lodging Trust)
Extension of Maturity Date. The Borrower shall have the right to exercise one option to extend the Maturity Date from the Original then in effect (such existing Maturity Date to being the Extended Maturity “Extension Effective Date”), upon satisfaction for an additional term of twelve months, provided that each of the following conditions precedentprecedent are met:
Appears in 1 contract
Extension of Maturity Date. Borrower shall have the option to extend the Maturity Date from (a) the Original Maturity Date to the First Extended Maturity DateDate (“First Option to Extend”), and (b) the First Extended Maturity Date to the Second Extended Maturity Date (the “Second Option to Extend” and each, an “Option to Extend”), upon satisfaction of each of the following conditions precedent:
Appears in 1 contract
Extension of Maturity Date. Borrower shall have the one (1) option to extend the Maturity Date from the Original Maturity Date to the Extended Maturity Datefor a period of one (1) year, upon satisfaction of each of the following conditions precedent:
Appears in 1 contract
Samples: Unsecured Revolving Credit Agreement (Equity Inns Inc)
Extension of Maturity Date. Borrower shall have the one time right and option to extend the Maturity Date from with respect to either or both of the Original Maturity Date Line Facility and the Term Facility to the Extended Maturity DateMay 30, 2009 upon satisfaction of each of the following conditions precedent, which must be satisfied prior to the effectiveness of such extension of the Maturity Date:
Appears in 1 contract
Samples: Unsecured Credit Agreement (BioMed Realty Trust Inc)
Extension of Maturity Date. Borrower shall have the option to extend the Maturity Date from the Original Maturity Date to the Extended Maturity DateDate (“Option to Extend”), upon satisfaction of each of the following conditions precedent:
Appears in 1 contract