Common use of Loan Information Clause in Contracts

Loan Information. (a) Lender certifies that the principal balance outstanding under the Note as of the Effective Date is $22,022,876.50. Interest on the Loan has been paid through November 30, 2006. All escrow deposits held by Lender in connection with the Loan Documents shall, from and after the Effective Date, be for the account of Borrower. To the actual knowledge of Lender as of the Effective Date, no event of default, or event which with the passage of time or the giving of notice, or both, would constitute an event of default, under the Loan Documents has occurred and is continuing. Lender reserves the right to declare any existing default which subsequently comes to the attention of Lender.

Appears in 2 contracts

Samples: Loan Assumption Agreement (AmREIT Monthly Income & Growth Fund III LTD), Loan Assumption Agreement (AmREIT Monthly Income & Growth Fund III LTD)

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Loan Information. (a) Lender certifies that the principal balance outstanding under the (i) Note A-1 as of the Effective Date is $22,022,876.5097,597,147.25, and (ii) Note A-2 as of the Effective Date is $88,508,413.00. Interest on the Loan has been paid through November 30to May 1, 20062007. All escrow deposits held by Lender in connection with The next regularly scheduled payment pursuant to the Loan Documents shallis due on June 1, from and after the Effective Date, be for the account of Borrower2007. To the actual knowledge of Lender as of the Effective Date, no event Event of defaultDefault, or event which with the passage of time or the giving of notice, or both, would constitute an event of default, under the Loan Documents has occurred and is continuing. Lender reserves the right to declare any existing default which subsequently comes to the attention of Lender.

Appears in 2 contracts

Samples: Loan Assumption Agreement, Loan Assumption Agreement (American Assets Trust, Inc.)

Loan Information. (a) Lender certifies that the principal balance outstanding under the Note as of the Effective Date is $22,022,876.50___________. Interest on the Loan has been paid through November 30______________, 20062002. All escrow deposits held by Lender in connection with the Loan Documents shall, from and after the Effective Date, continue to be for the account of Borrower. To the actual knowledge of Lender as of the Effective Date, no event of default, or event which with the passage of time or the giving of notice, or both, would constitute an event of default, under the Loan Documents has occurred and is continuing. Lender reserves the right to declare any existing default which subsequently comes to the attention of Lender.

Appears in 1 contract

Samples: Apple Hospitality Two Inc

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Loan Information. Lender certifies that: (a) Lender certifies that the principal balance outstanding under the Note as of the Effective Date is $22,022,876.50. Interest 20,387,487.38, and (b) interest on the Loan has been paid through November 30February 1, 2006. All escrow deposits held by Lender in connection with the Loan Documents shall, from and after the Effective Date, be for the account of Borrower. To the actual knowledge of Lender as of the Effective Date, no event of default, or event which with the passage of time or the giving of notice, or both, would constitute an event of default, under the Loan Documents or Prior Owner's Loan Documents has occurred and is continuing. Lender reserves the right to declare any existing default which subsequently comes to the attention of Lender.

Appears in 1 contract

Samples: Loan Assumption Agreement (Gladstone Commercial Corp)

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