Common use of Extension of Maturity Date Clause in Contracts

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30, 2016 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 2 contracts

Sources: Credit Agreement (Carter Validus Mission Critical REIT, Inc.), Credit Agreement (Carter Validus Mission Critical REIT, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30November 7, 2016 2017, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 2 contracts

Sources: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Maturity Date to March 30October 31, 2016 2008, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 2 contracts

Sources: Loan Agreement (Meruelo Maddux Properties, Inc.), Loan Agreement (Meruelo Maddux Properties, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and one (1) option to extend the Maturity Date to March 30February 12, 2016 2013 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 2 contracts

Sources: Construction Loan Agreement (Campus Crest Communities, Inc.), Construction Loan Agreement (Campus Crest Communities, Inc.)

Extension of Maturity Date. (a) The Borrower shall have may request that the one-time right Maturity Date be extended on one occasion, and option upon a request by the Borrower in accordance with Section 3.1(b), the Lender may, in its sole discretion, elect by notice in writing to the Borrower to extend the Maturity Date for up to March 30, 2016 upon satisfaction of the an additional twelve (12) months following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:, on the same terms and conditions as set forth herein, provided that the maximum term of the Loan shall not exceed sixty (60) months.

Appears in 2 contracts

Sources: Non Recourse Loan and Securities Pledge Agreement (Luminar Technologies, Inc./De), Non Recourse Loan and Securities Pledge Agreement (Luminar Technologies, Inc./De)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30April 19, 2016 2028 upon satisfaction of all of the following conditions precedent, which must be satisfied prior to the effectiveness of any the extension of the Maturity Date:

Appears in 2 contracts

Sources: Credit Agreement and Guaranty (BioXcel Therapeutics, Inc.), Credit Agreement (BioXcel Therapeutics, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option option, in its sole discretion, to extend the Maturity Date to March 30December 29, 2016 2010, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Gladstone Commercial Corp)

Extension of Maturity Date. (a) The Borrower shall have the one-one time right and option to extend the Maturity Date with respect to March 30the Facility to June 27, 2016 2010 (which is the first anniversary of the initial Maturity Date), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any such extension of the Maturity Date:

Appears in 1 contract

Sources: Unsecured Credit Agreement (BioMed Realty Trust Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option (the “Extension Option”) to extend the Initial Maturity Date to March 30October 24, 2016 2012 (“Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Datesuch extension:

Appears in 1 contract

Sources: Credit Agreement (Dupont Fabros Technology, Inc.)

Extension of Maturity Date. (a) The Pursuant to, and in accordance with, the terms of Section 4.14 of the Credit Agreement, the Borrower shall have the one-time right and option to extend has requested that the Maturity Date be extended one year to March 30June 22, 2016 upon satisfaction 2018, and each of the following conditions precedent, which must be satisfied prior undersigned Lenders has agreed to the effectiveness of any extension of the Maturity Date:such extension.

Appears in 1 contract

Sources: Credit Agreement (Stancorp Financial Group Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30April 25, 2016 2006, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30June 20, 2016 2018 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Tier Reit Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30December 13, 2016 2022 (such period, the “Extension Period”) upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (New Senior Investment Group Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date from the Original Maturity Date to March 30the Extended Maturity Date (“Option to Extend”), 2016 upon satisfaction of each of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Loan Agreement (Chesapeake Lodging Trust)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and one (1) option to extend the Maturity Date to March 30February 12, 2016 2013 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:: (a)

Appears in 1 contract

Sources: Construction Loan Agreement

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date from the Initial Maturity Date to March 3017, 2016 2017 (the “Extended Maturity Date”), upon satisfaction or waiver (with any such waiver requiring the approval of all of the Lenders) of the following conditions precedent, which must be satisfied (or so waived) prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Independence Realty Trust, Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the initial Maturity Date to March 30February 7, 2016 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Mid America Apartment Communities Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the initial Maturity Date to March 30June , 2016 2021, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:.

Appears in 1 contract

Sources: Credit Agreement (Four Springs Capital Trust)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date for a single one-year term, to March 30January 28, 2016 2022 (the “Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Initial Maturity Date:

Appears in 1 contract

Sources: Revolving Credit Agreement (NexPoint Residential Trust, Inc.)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Maturity Date to March 30September 5, 2016 2024, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30January 14, 2016 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Monogram Residential Trust, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date by six (6) months to March 30February 25, 2016 2011, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Pacific Office Properties Trust, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30, 2016 in respect of the Total Commitment or portion thereof in accordance with §2.4 (as determined by the Borrower in its sole discretion) a total of two (2) times for a period of one (1) year each time upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust II, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Initial Maturity Date to March 30January 31, 2016 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the then applicable Maturity Date:

Appears in 1 contract

Sources: Term Loan Agreement (Retail Opportunity Investments Partnership, LP)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30May 6, 2016 2014, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Dupont Fabros Technology, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date for a one period of six (6) months, to March 30[___], 2016 2019, upon satisfaction or waiver of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Term Loan Agreement (Moody National REIT II, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30August 6, 2016 2015, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Bridge Loan Credit Agreement (STORE CAPITAL Corp)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Maturity Date to March 30October 4, 2016 2021, upon satisfaction or waiver of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Bluerock Residential Growth REIT, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date (but not, in any case, the Supplemental Maturity Date) for a single one-year term, to March June 30, 2016 2025 (the “Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Initial Maturity Date:

Appears in 1 contract

Sources: Revolving Credit Agreement (NexPoint Residential Trust, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-one time right and option to extend the Maturity Date with respect to March either or both of the Line Facility and the Term Facility to May 30, 2016 2009 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any such extension of the Maturity Date:

Appears in 1 contract

Sources: Unsecured Credit Agreement (BioMed Realty Trust Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the initial Maturity Date to March 30November 1, 2016 2016, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Mid America Apartment Communities Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30November 7, 2016 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (MedEquities Realty Trust, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30October 25, 2016 2015 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Behringer Harvard Reit I Inc)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Maturity Date for two (2) separate 1-year periods, first to March 306, 2016 2024, then to March 6, 2025, all upon satisfaction or waiver of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Bluerock Residential Growth REIT, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the initial Maturity Date to March 30October 15, 2016 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Mid-America Apartments, L.P.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30December 3, 2016 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (GTJ REIT, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March June 30, 2016 2019, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (GTJ REIT, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30May 1, 2016 2010, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Republic Property Trust)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30August 25, 2016 2011, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date (but not, in any case, the Supplemental Maturity Date or the Second Supplemental Maturity Date) for a single one-year term, to March June 30, 2016 2025 (the “Extended Maturity Date”), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Initial Maturity Date:

Appears in 1 contract

Sources: Loan Modification Agreement (NexPoint Residential Trust, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30May 25, 2016 2016, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (American Realty Capital Healthcare Trust Inc)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Maturity Date to March 30September 17, 2016 2019, and then to September 17, 2020, upon satisfaction or waiver (with any such waiver requiring the approval of all of the Lenders) of the following conditions precedent, which must be satisfied (or so waived) prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Independence Realty Trust, Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30in respect of the Total Revolving Credit Commitment or portion thereof, 2016 if reduced in accordance with §2.4, a total of one (1) time for a period of three (3) months upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Sealy Industrial Partners IV, LP)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Maturity Date to March July 30, 2016 2008, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Loan Agreement (Meruelo Richard)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 301, 2016 2021 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Condor Hospitality Trust, Inc.)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Maturity Date described in clause (b) thereof to March 30December 1, 2016 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Griffin-American Healthcare REIT III, Inc.)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Maturity Date to March 30August 11, 2016 2008 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any such extension of the Maturity Date:

Appears in 1 contract

Sources: Revolving Loan Agreement (BioMed Realty Trust Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option option, in its sole discretion, to extend the Maturity Date to March 3010, 2016 2012, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Senior Secured Term Loan Agreement (Cogdell Spencer Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30June 29, 2016 2008, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to may request that -------------------------- Lender extend the Maturity Date to March 30, 2016 upon satisfaction of for successive one-year periods by notifying the following conditions precedent, which must be satisfied Lender in writing at any time before a date one (1) year prior to the effectiveness then- existing Maturity Date. If Lender consents in writing to such an extension within sixty (60) days of any extension of such request, the Maturity Date:Date shall be extended for one (1) additional year.

Appears in 1 contract

Sources: Revolving Credit Loan Agreement (Atl Ultrasound Inc)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30MarchOctober 1, 2016 2021 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:: 51 102175686\V-9 102175686\V-9 US_Active\114487228114490487\V-17

Appears in 1 contract

Sources: Composite Credit Agreement (Condor Hospitality Trust, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30August 9, 2016 2024 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (New Senior Investment Group Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30November 13, 2016 2017, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (NorthStar Healthcare Income, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30September 19, 2016 2018, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (STORE CAPITAL Corp)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option option, in its sole discretion, to extend the Maturity Date to March 30August 7, 2016 2017, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Gladstone Commercial Corp)

Extension of Maturity Date. (a) The Borrower Borrowers shall have the one-time right and option to extend the Initial Maturity Date on a single occasion for a 12-month term, to March 30August 14, 2016 2021, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any such extension of the Initial Maturity Date:

Appears in 1 contract

Sources: Revolving Credit Agreement (NexPoint Strategic Opportunities Fund)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30December 28, 2016 2022 upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (Jernigan Capital, Inc.)

Extension of Maturity Date. (a) The Borrower shall have the one-time right and option to extend the Maturity Date to March 30September 19, 2016 2018,22, 2020, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Maturity Date:

Appears in 1 contract

Sources: Credit Agreement (STORE CAPITAL Corp)