Common use of Compliance with Laws; Use of Proceeds Clause in Contracts

Compliance with Laws; Use of Proceeds. Borrower shall comply with all Laws and all orders, writs, injunctions, decrees and demands of any court or any Governmental Authority affecting Borrower or the Property. Borrower shall use all proceeds of the Loan for business purposes which are not in contravention of any Law or any Loan Document.

Appears in 13 contracts

Samples: Term Loan Agreement, Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Strategic Opportunity REIT II, Inc.)

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Compliance with Laws; Use of Proceeds. Each Borrower shall comply with all Laws and all orders, writs, injunctions, decrees and demands of any court or any Governmental Authority affecting such Borrower or the PropertyProperty of such Borrower. Borrower Borrowers shall use all proceeds of the Loan for business purposes which are not in contravention of any Law or any Loan Document.

Appears in 6 contracts

Samples: Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Loan Agreement (KBS Real Estate Investment Trust II, Inc.), Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

Compliance with Laws; Use of Proceeds. Borrower shall comply with all Laws and all orders, writs, injunctions, decrees and demands of any court or any Governmental Authority affecting Borrower or the Property. Borrower shall use all proceeds of the Loan for business the purposes contemplated herein and which are not in contravention of any Law or any Loan Document.

Appears in 3 contracts

Samples: Construction Loan and Security Agreement (Worldwide Stages, Inc.), Construction Loan and Security Agreement (Worldwide Stages, Inc.), Term Loan Agreement (Resource Real Estate Opportunity REIT II, Inc.)

Compliance with Laws; Use of Proceeds. Borrower shall comply with all Laws and all orders, writs, injunctions, decrees and demands of any court or any Governmental Authority affecting Borrower or the Property. Borrower shall use all proceeds of the Loan for business purposes which are not in contravention of any Law or any Loan Document.. NPCHLT1:500113.7-TBF-(KMROCHEK) 900000-02386

Appears in 2 contracts

Samples: Term Loan Agreement, Term Loan Agreement (Inland Diversified Real Estate Trust, Inc.)

Compliance with Laws; Use of Proceeds. Borrower shall comply with all Laws and all orders, writs, injunctions, decrees and demands of any court or any Governmental Authority affecting Borrower or the Property. Borrower shall use all proceeds of the Loan for business purposes which are not in contravention of any Law or any Loan Document.. XxxX/Xxxxxxxxx Xxxx Loan Agreement #438690v6

Appears in 1 contract

Samples: Term Loan Agreement (Inland Diversified Real Estate Trust, Inc.)

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Compliance with Laws; Use of Proceeds. Borrower shall comply with all Laws and all orders, writs, injunctions, decrees and demands of any court or any Governmental Authority affecting Borrower or the Property. Borrower shall use all proceeds of the Loan Loans for business purposes which are not in contravention of any Law or any Loan Document.

Appears in 1 contract

Samples: Term Loan Agreement (Sun Communities Inc)

Compliance with Laws; Use of Proceeds. Borrower shall comply with all Laws and all orders, writs, injunctions, decrees and demands of any court or any Governmental Authority affecting Borrower or Borrower, the PropertyBonds and, as applicable, the Projects and Project Loans. Borrower shall use all proceeds of the Loan for business purposes which are not in contravention of any Law or any Loan Document.

Appears in 1 contract

Samples: Loan and Security Agreement (America First Tax Exempt Investors Lp)

Compliance with Laws; Use of Proceeds. Borrower and the Property shall comply with all Laws and all orders, writs, injunctions, decrees and demands of any court or any Governmental Authority affecting Borrower or the Property. Borrower shall use all proceeds of the Loan for business the purposes contemplated herein and which are not in contravention of any Law or any Loan Document.

Appears in 1 contract

Samples: Term Loan Agreement (American Realty Capital - Retail Centers of America, Inc.)

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