Cross-Collateralized/Cross-Defaulted Loan Pool. If “Cross-Collateralized/Cross-Defaulted Loan Pool” is checked in the Summary, then the Loan is part of a cross-collateralized/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 Loan and the other loans comprising the cross-collateralized/cross-defaulted loan pool, if applicable.
Appears in 3 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Continuing Covenant Agreement
Cross-Collateralized/Cross-Defaulted Loan Pool. If “Cross-Collateralized/Cross-Defaulted Loan Pool” is checked in the Summary, then the Loan is part of a cross-collateralized/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 Loan and the other loans comprising the cross-collateralized/cross-defaulted loan pool, if applicable.
Appears in 3 contracts
Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement
Cross-Collateralized/Cross-Defaulted Loan Pool. If “Cross-Collateralized/Cross-Defaulted Loan Pool” is checked in the SummaryPart B.4, Summary of Loan Terms, then the Loan is part of a cross-collateralized/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 Loan and the other loans comprising the cross-collateralized/cross-defaulted loan pool, if applicable.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
