Cross-Collateralized and Cross-Defaulted Loan Pool. If “Cross-Collateralized and Cross‑Defaulted Loan Pool” is checked in Section 1.05, then the Loan is part of a cross‑collateralized and cross-defaulted pool of loans and Borrower has fully disclosed to Lender the intended use of any cash received by Borrower from Lender in connection with the Loan and the other loans comprising the cross-collateralized and cross-defaulted loan pool, if applicable.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement
Cross-Collateralized and Cross-Defaulted Loan Pool. If “Cross-Collateralized and Cross‑Defaulted Loan Pool” is checked in Section 1.05, then the Project Loan is part of a cross‑collateralized and cross-defaulted pool of loans and Borrower has fully disclosed to Funding Lender the intended use of any cash received by Borrower from Funding Lender in connection with the Project Loan and the other loans comprising the cross-collateralized and cross-defaulted loan pool, if applicable.
Appears in 1 contract
Samples: Continuing Covenant Agreement
Cross-Collateralized and Cross-Defaulted Loan Pool. If “Cross-Collateralized and Cross‑Defaulted Loan Pool” is checked in Section 1.05, then the Project Loan is part of a cross‑collateralized and cross-defaulted pool of loans and Borrower has fully disclosed to Funding Lender the intended use of any cash received by Borrower from Funding Lender in connection with the Project Loan and the other loans comprising the cross-collateralized and cross-defaulted loan pool, if applicable.
Appears in 1 contract
Samples: Continuing Covenant Agreement
