Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtedness, as provided in Section 16.1 above, Borrower shall:
Appears in 7 contracts
Samples: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.), Loan Agreement (New England Realty Associates Limited Partnership), Loan Agreement (Stratus Properties Inc)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does the Lenders do not elect to apply or does not have the right to apply the Proceeds to the indebtedness, as provided in Section 16.1 11.1 above, Borrower shall:
Appears in 5 contracts
Samples: Secured Loan Agreement, Secured Loan Agreement (Sentio Healthcare Properties Inc), Secured Loan Agreement (Sentio Healthcare Properties Inc)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtedness, as provided in Section 16.1 11.1 above, Borrower shall:
Appears in 4 contracts
Samples: Secured Loan Agreement, Secured Loan Agreement (CNL Healthcare Trust, Inc.), Secured Loan Agreement (CNL Healthcare Trust, Inc.)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtednessindebtedness of Borrowers under this Agreement or any of the other Loan Documents, as provided in Section 16.1 11.1 above, Borrower Borrowers shall:
Appears in 2 contracts
Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtedness, as provided in Section 16.1 12.1 above, Borrower shall:
Appears in 2 contracts
Samples: Construction Loan Agreement (Wellsford Real Properties Inc), Development Loan Agreement (Wellsford Real Properties Inc)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtednessindebtedness of Borrower under this Agreement or any of the other Loan Documents, as provided in Section 16.1 9.1 above, Borrower shall:
Appears in 1 contract
Samples: Loan Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtednessindebtedness of Borrower under this Agreement or any of the other Loan Documents, as provided in Section 16.1 12.1 above, Borrower shall:
Appears in 1 contract
Samples: Loan Agreement (Emeritus Corp\wa\)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtednessindebtedness of Borrower under this Agreement or any of the other Loan Documents, as provided in Section 16.1 10.1 above, Borrower shall:
Appears in 1 contract
Samples: Loan Agreement (Emeritus Corp\wa\)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtedness, as provided in Section 16.1 9.1 above, Borrower shall:
Appears in 1 contract
Samples: Loan Agreement (CNL Healthcare Properties II, Inc.)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtednessindebtedness of Borrowers under this Agreement or any of the other Loan Documents, as provided in Section 16.1 9.1 above, the applicable Borrower shall:
Appears in 1 contract
Samples: Loan Agreement (Emeritus Corp\wa\)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Lender does not elect to apply or does not have the right to apply the Proceeds to the indebtedness, as provided in Section 16.1 11.1 above, Borrower Borrowers shall:
Appears in 1 contract
Samples: Secured Loan Agreement (Adcare Health Systems, Inc)
