Funds Advanced. Each Future Advance made directly to Borrower shall be made by Administrative Agent by wire transfer (or other transfer) to an account designated by Borrower. All proceeds of all Future Advances shall be used by Borrower only for the purposes for which such Future Advances were made or as otherwise may be permitted or required herein.
Appears in 3 contracts
Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Senior Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Building Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Funds Advanced. Each Future Advance made directly to Borrower shall be made by Administrative Agent by wire transfer (or other transfer) to an account designated by Borrower. All proceeds of all Future Advances shall be used by Borrower only for the purposes for which such Future Advances were made or as otherwise may be permitted or required herein. 2.
Appears in 2 contracts
Samples: Senior Loan Agreement (Pacific Oak Strategic Opportunity REIT, Inc.), Supplemental Building Loan Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
Funds Advanced. Each Future Advance made directly to Borrower shall be made by Administrative Agent Lender by wire transfer (or other transfer) to an account designated by Borrower. All proceeds of all Future Advances shall be used by Borrower only for the purposes for which such Future Advances were made or as otherwise may be permitted or required herein. Borrower shall not commingle such funds with other funds of Borrower.
Appears in 1 contract
Samples: Loan Agreement (Pacific Oak Strategic Opportunity REIT II, Inc.)
