Common use of General Loan Terms Clause in Contracts

General Loan Terms. 2.1 THE LOAN. Lender is making a loan (the "LOAN") to Borrowers on the date hereof, in the original principal amount (the "PRINCIPAL") of $30,000,000, which shall mature on the Stated Maturity Date. Each Borrower acknowledges receipt of the Loan, the proceeds of which are being and shall be used to (i) acquire the Property, (ii) fund certain of the Subaccounts, and (iii) pay transaction costs. Any excess proceeds may be used for any lawful purpose. No amount repaid in respect of the Loan may be reborrowed.

General Loan Terms. 2.1 THE LOANThe Loan. Lender is making a loan (the "LOAN"“Loan”) to Borrowers on the date hereof, in the original principal amount (the "PRINCIPAL"“Principal”) of $30,000,00040,000,000, which shall mature on the Stated Maturity Date. Each Borrower acknowledges receipt of the Loan, the proceeds of which are being and shall be used to (i) acquire repay and discharge existing loans relating to the PropertyProperties, (ii) fund certain of the Subaccounts, and (iii) pay transaction costs. Any excess proceeds may be used for any lawful purpose. No amount repaid in respect of the Loan may be reborrowed.

General Loan Terms. 2.1 THE LOANThe Loan. Lender is making a loan Loan (the "LOANLoan") to Borrowers Borrower on the date hereof, -------- hereof in the original principal amount (the "PRINCIPAL") of $30,000,00058,000,000, which shall mature on the Stated Maturity Date. Each Borrower acknowledges receipt of the Loan, the proceeds of which are being and shall be used to (i) acquire repay and discharge existing loans relating to the PropertyProperties, (ii) fund certain of the Subaccounts, and (iii) pay transaction costs. Any excess proceeds may be used for any lawful purpose. No amount repaid in respect of the Loan may be reborrowed.

General Loan Terms. 2.1 THE LOAN. Lender is making a loan (the "LOAN") to Borrowers on the date hereof, in the original principal amount (the "PRINCIPAL") of $30,000,00020,000,000, which shall mature on the Stated Maturity Date. Each Borrower acknowledges receipt of the Loan, the proceeds of which are being and shall be used to (i) acquire the Property, (ii) fund certain of the Subaccounts, and (iii) pay transaction costs. Any excess proceeds may be used for any lawful purpose. No amount repaid in respect of the Loan may be reborrowed.

General Loan Terms. 2.1 THE LOANThe Loan. Lender is making a loan (the "LOANLoan") to Borrowers on the date hereof, in the original principal amount (the "PRINCIPALPrincipal") of $30,000,00040,000,000, which shall mature on the Stated Maturity Date. Each Borrower acknowledges receipt of the Loan, the proceeds of which are being and shall be used to (i) acquire repay and discharge existing loans relating to the PropertyProperties, (ii) fund certain of the Subaccounts, and (iii) pay transaction costs. Any excess proceeds may be used for any lawful purpose. No amount repaid in respect of the Loan may be reborrowed.