Increases in Loan Amount Sample Clauses

Increases in Loan Amount. 5.10.2.1. As of August 31, 2013, the outstanding principal balance of the Loan was $41,677,479.26 (the “Existing Loan Amount”) and the total amount advanced under the Loan Agreement was $41,839,993.04. HFP Seller, however, has the right to request additional advances (the “Additional Advances”) under the terms of the Loan Agreement up to a maximum principal amount not to exceed $45,500,000.00. Prior to Closing, if so requested by Purchaser, HFP Seller shall make a request for the Additional Advances pursuant to the terms of the Loan Agreement. In addition, prior to Closing, if so requested by Purchaser, HFP Seller and CSB Seller shall request that the Stratford Hotel be added as additional collateral to the Loan (the “Additional Collateral”), provided such Additional Collateral increases the maximum principal amount available under the Loan. Any modifications to the Loan Documents (or additional documents requested by GECC) to reflect the Additional Collateral shall be subject to the reasonable approval of Purchaser. In addition, Purchaser shall work with HFP Seller and CSB Seller to provide such information and materials as GECC may reasonably request in connection with the Additional Collateral. 5.10.2.2. Any costs and expenses (including payment of principal and interest) incurred by Seller or required to be paid by Seller in connection with the Additional Advances or the Additional Collateral shall be shared between Seller and Purchaser in the following ratio, whether or not Closing shall occur: (x) Seller’s share will be proportionate to the dollar increase in the Existing Loan Amount up to the $45,000,000.00, and (y) Purchaser’s share shall be proportionate to the dollar increase in the Existing Loan Amount in excess of the $45,000,000.00. This Section 5.10.2.2 shall survive any termination of this Agreement.