No Election. In the event that no Lender elects to commit to fund a Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such Election Period, so notify Borrower and each Lender.
Appears in 14 contracts
Sources: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Portfolio Lp)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount and Defaulting Lender Obligations within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 9 contracts
Sources: Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 7 contracts
Sources: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.), Term Loan Agreement (Alexander & Baldwin, Inc.), Real Estate Term Loan Agreement (Alexander & Baldwin, Inc.)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount and Defaulting Lender Obligations within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 2 contracts
Sources: Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.), Loan Agreement (FSP 50 South Tenth Street Corp)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount Amounts within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 2 contracts
Sources: Construction Loan Agreement (Armada Hoffler Properties, Inc.), Construction Loan Agreement (Armada Hoffler Properties, Inc.)
No Election. In the event that no Lender elects to ----------- commit to fund a the Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 1 contract
Sources: Construction Loan Agreement (Wells Real Estate Investment Trust Inc)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount and Defaulting Lender Obligations within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 1 contract
No Election. In the event that no Lender elects to commit to fund the Defaulting Lender Amount and Defaulting Lender Obligations of a Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 1 contract
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower and each Lender.
Appears in 1 contract
Sources: Credit Agreement (St Joe Co)
No Election. In the event that no Lender elects to commit to fund a the Defaulting Lender Amount and Defaulting Lender Obligations within the applicable Election Period, Administrative Agent shall, upon the expiration of such the Election Period, so notify Borrower the Operating Partnership and each Lender.
Appears in 1 contract
Sources: Credit Agreement (Behringer Harvard Opportunity REIT I, Inc.)