Limitation on Existing Facilities. No portion of the net proceeds of the Funding Loan will be used for the acquisition of any existing property or an interest therein unless the first use of such property is pursuant to such acquisition.
Appears in 3 contracts
Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement
Limitation on Existing Facilities. No portion of the net proceeds of the Funding Loan will be used by Borrower for the acquisition of any existing property or an interest therein unless (A) the first use of such property is pursuant to such acquisition.acquisition or
Appears in 2 contracts
Limitation on Existing Facilities. No portion of the net proceeds of the Funding Loan will be used for the acquisition of any existing property or an interest therein unless the first use of such property is pursuant to such acquisition.(A) the
Appears in 1 contract
Samples: Borrower Loan Agreement
Limitation on Existing Facilities. No portion of the net proceeds of the portion of the Funding Loan evidenced by the Tax-Exempt Governmental Lender Note will be used for the acquisition of any existing property or an interest therein unless (A) the first use of such property is pursuant to such acquisition.acquisition or
Appears in 1 contract
Samples: Regulatory Agreement and Declaration of Restrictive
