Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case the Administrative Agent does not elect to apply or does not have the right to apply the Proceeds to the Obligations, as provided in Section 14.1 above, Borrower shall:
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Samples: Secured Acquisition and Construction Loan Agreement (BioMed Realty Trust Inc), Secured Acquisition and Construction Loan Agreement (BioMed Realty Trust Inc), And Interim Loan Agreement (Glimcher Realty Trust)
Borrower’s Obligation to Rebuild and Use of Proceeds Therefor. In case the Administrative Agent on behalf of the Lenders does not elect to apply or does not have the right to apply the Proceeds to the ObligationsIndebtedness, as provided in Section 14.1 7.1 above, Borrower shall:
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