Final Approval of Proposed Collateral. Upon Lender's notification to Borrower of the Maximum Advance Rate and the Asset Value for any proposed Collateral, Borrower shall, if Borrower desires to obtain one or more advances secured by such proposed Collateral, satisfy the conditions set forth below (in addition to satisfying the conditions precedent to obtaining each advance, as set forth in Section 5 of this Loan Agreement) as conditions precedent to Lender's approval of such proposed Collateral as Collateral, all in a manner, and pursuant to documentation, satisfactory in all respects to Lender and its counsel:
Appears in 4 contracts
Samples: CMBS Loan Agreement (Capital Trust), Master Loan and Security Agreement (Capital Trust Inc), Master Loan and Security Agreement (Capital Trust)
Final Approval of Proposed Collateral. Upon Lender's notification to the applicable Borrower of the Maximum Advance Rate and the Asset Value for any proposed Collateral, such Borrower shall, if such Borrower desires to obtain one or more advances secured by such proposed Collateral, satisfy the conditions set forth below (in addition to satisfying the conditions precedent to obtaining each advance, as set forth in Section 5 of this Loan Agreement) as conditions precedent to Lender's approval of such proposed Collateral as Collateral, all in a manner, and pursuant to documentation, satisfactory in all respects to Lender and its counsel:
Appears in 1 contract
Samples: Master Loan and Security Agreement (Capital Trust Inc)
