Common use of Agreement to Borrow and Lend; Lender’s Obligation to Disburse Clause in Contracts

Agreement to Borrow and Lend; Lender’s Obligation to Disburse. Subject to the terms, provisions and conditions of this Agreement and the other Loan Documents, Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan, for the purposes and subject to all of the terms, provisions and conditions contained in this Agreement. If Lender consists of more than one party, the obligations of each such party with respect to the amount it has agreed to loan to Borrower shall be several (and not joint and several) and shall be limited to its proportionate share of the Loan and of each advance.

Appears in 4 contracts

Samples: Loan Agreement (Legacy Housing Corp), Loan Agreement (Legacy Housing Corp), Loan Agreement (New England Realty Associates Limited Partnership)

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Agreement to Borrow and Lend; Lender’s Obligation to Disburse. Subject to the terms, provisions and conditions of this Agreement and the other Loan Documents, Borrower agrees Borrowers agree to borrow from Lender the Lenders and each Lender agrees to lend to Borrower Borrowers the Loan, for the purposes and subject to all of the terms, provisions and conditions contained in this Agreement. If Lender consists of more than one partyLender is a party hereto, the obligations of each such party Lender with respect to the amount it has agreed to loan to Borrower Borrowers shall be several (and not joint and several) and shall be limited to its proportionate share of the Loan and of each advance.

Appears in 4 contracts

Samples: Secured Loan Agreement (Sentio Healthcare Properties Inc), Secured Loan Agreement (Sentio Healthcare Properties Inc), Secured Loan Agreement (Sentio Healthcare Properties Inc)

Agreement to Borrow and Lend; Lender’s Obligation to Disburse. Subject to the terms, provisions and conditions of this Agreement and the other Loan Documents, Borrower agrees Borrowers agree to borrow from Lender and Lender agrees to lend to Borrower Borrowers the Loan, for the purposes and subject to all of the terms, provisions and conditions contained in this Agreement. If Lender consists of more than one party, the obligations of each such party with respect to the amount it has agreed to loan to Borrower Borrowers shall be several (and not joint and several) and shall be limited to its proportionate share of the Loan and of each advance.

Appears in 3 contracts

Samples: Secured Loan Agreement (CNL Healthcare Trust, Inc.), Secured Loan Agreement (CNL Healthcare Trust, Inc.), Secured Loan Agreement (CNL Healthcare Trust, Inc.)

Agreement to Borrow and Lend; Lender’s Obligation to Disburse. Subject to the terms, provisions and conditions of this Agreement and the other Loan Documents, Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan, for the purposes and subject to all of the terms, provisions and conditions contained in this Agreement. If Lender consists of more than one party, the obligations of each such party with respect to the amount it has agreed to loan to Borrower shall be several (and not joint and several) and shall be limited to its proportionate share Percentage of the Loan and of each advance.

Appears in 1 contract

Samples: Construction Loan Agreement (Dupont Fabros Technology, Inc.)

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Agreement to Borrow and Lend; Lender’s Obligation to Disburse. Subject to the terms, provisions and conditions of this Agreement and the other Loan Documents, Borrower agrees Borrowers agree to borrow the Loan from Lender Lender, and Lender agrees to lend make the Loan to Borrower the LoanBorrowers, all for the purposes and subject to all of the terms, provisions and conditions contained in this Agreement. If Lender consists of more than one party, the obligations of each such party with respect to the amount it has agreed to loan to Borrower Borrowers shall be several (and not joint and several) and shall be limited to its proportionate share of the Loan and of each advance.

Appears in 1 contract

Samples: Secured Loan Agreement (Adcare Health Systems, Inc)

Agreement to Borrow and Lend; Lender’s Obligation to Disburse. Subject to the terms, provisions and conditions of this Agreement and the other Loan Documents, Borrower agrees to borrow from Lender Lenders and Lender agrees Lenders agree to lend to Borrower the Loan, for the purposes and subject to all of the terms, provisions and conditions contained in this Agreement. If Lender consists of more than one party, the obligations of each such party with respect to the amount it has agreed to loan to Borrower shall be several (and not joint and several) and shall be limited to its proportionate share Percentage of the Loan and of each advance.

Appears in 1 contract

Samples: Construction Loan Agreement (Republic Property Trust)

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