Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Agent 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 3 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement (Dupont Fabros Technology, Inc.), Construction Loan Agreement (Republic Property Trust)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Agent does not elect to apply or does not have the right to apply the Proceeds to the indebtednessObligations, as provided in Section 16.1 11.1 above, the relevant Borrower shall:
Appears in 1 contract
Samples: Term Loan Agreement (Sentio Healthcare Properties Inc)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case Agent does not elect to apply or does not have the right to apply the Proceeds to the indebtedness, as provided in Section 16.1 10.1 above, Borrower shall:
Appears in 1 contract
