Second Extension Option. Borrower shall have the option (the “Second Extension Option”) to extend the First Extended Maturity Date to the Second Extended Maturity Date upon satisfaction of the following conditions precedent which must be satisfied prior to the First Extended Maturity Date:
Appears in 1 contract
Sources: Loan and Security Agreement (BlackRock Monticello Debt Real Estate Investment Trust)
Second Extension Option. Borrower shall have the option (the “Second Extension Option”) to extend the First first Extended Maturity Date to the Second Extended Maturity Date upon satisfaction of the following conditions precedent which must be satisfied prior to the First Extended Maturity Date:
Appears in 1 contract
Sources: Construction Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)