Common use of Acceptance of Borrowings Clause in Contracts

Acceptance of Borrowings. The acceptance by Borrowers of the proceeds of the Loan on the Closing Date shall constitute a representation and warranty by Borrowers to Lender that all of the conditions to be satisfied under Section 3.1 in connection with the making of the Loan have been satisfied or waived in accordance with Section 10.4.

Appears in 2 contracts

Samples: Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.)

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Acceptance of Borrowings. The acceptance by Borrowers Borrower of the proceeds of the Loan on the Closing Date shall constitute a representation and warranty by Borrowers Borrower to Lender that all of the conditions required to be satisfied under Section 3.1 this Article III in connection with the making of the Loan have been satisfied or waived in accordance with Section 10.48.4.

Appears in 1 contract

Samples: Loan Agreement (Ambassador Apartments Inc)

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Acceptance of Borrowings. The acceptance by Borrowers of the proceeds of the Loan on the Closing Date shall constitute a representation and warranty by Borrowers to Lender that all of the conditions to be satisfied under Section 3.1 in connection with the making of the Loan have been satisfied or waived in accordance with Section 10.411.4.

Appears in 1 contract

Samples: Loan Agreement (Plymouth Industrial REIT Inc.)

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