Disbursement to Borrower. Borrower may request and receive only one borrowing in respect of the Loan, which will not be subject to future advances and any amount borrowed and repaid in respect of the Loan may not be reborrowed. Borrower shall, on the Closing Date, receive the Loan Amount, subject to the direction given by Borrower as to the application of Loan proceeds.
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Samples: Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.), Loan Agreement (Inland American Real Estate Trust, Inc.)
Disbursement to Borrower. Borrower may request and receive only one borrowing in respect of the Loan, which will not be subject to future additional advances and any amount borrowed and repaid in respect of the Loan may not be reborrowed. Borrower shall, on the Closing Date, receive the Loan Amount, subject to the direction given by Borrower as to the application of Loan proceeds.
Appears in 2 contracts
Samples: Loan Agreement (Inland Residential Properties Trust, Inc.), Loan Agreement (Inland Residential Properties Trust, Inc.)
Disbursement to Borrower. Borrower may request and receive only ------------------------ one borrowing in respect of the Loan, which will not be subject to future advances Loan and any amount borrowed and repaid in respect of the Loan may not be reborrowed. Borrower shall, on the Closing Date, receive the Loan AmountLoan, subject to the direction given by Borrower as to the application of Loan proceeds.
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Disbursement to Borrower. Borrower may request and receive only one borrowing in respect of the Loan, which will not be subject to future advances Loan and any amount borrowed and repaid in respect of the Loan may not be reborrowed. Borrower shall, on the Closing Date, receive the Loan AmountLoan, subject to the direction given by Borrower as to the application of Loan proceeds.
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