Common use of Loan Proceeds and Adequacy Clause in Contracts

Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together with Borrower’s Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit C, are sufficient to construct the Improvements in accordance with the terms and conditions of this Agreement.

Appears in 3 contracts

Samples: Building Loan Agreement, Building Loan Agreement (Global Growth Trust, Inc.), Construction Loan Agreement (Equity Office Properties Trust)

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Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together with Borrower’s 's Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit EXHIBIT C, are sufficient to construct the Improvements in accordance with the terms and conditions of this Agreement.

Appears in 3 contracts

Samples: Construction Loan Agreement (Equity Office Properties Trust), Construction Loan Agreement (Equity Office Properties Trust), Construction Loan Agreement (Equity Office Properties Trust)

Loan Proceeds and Adequacy. The To the best of Borrower’s knowledge, the undisbursed Loan proceeds, together with Borrower’s Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit C, are sufficient to construct the Improvements in accordance with the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Building Loan Agreement (AAC Holdings, Inc.), Building Loan Agreement (AAC Holdings, Inc.)

Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together with Borrower’s Retained Funds, Borrower’s Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit C, are sufficient to construct the Renovation Improvements in accordance with the terms and conditions of this Agreement.

Appears in 2 contracts

Samples: Loan Agreement, Building Loan Agreement (Thomas Properties Group Inc)

Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together with Borrower’s Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit C, are sufficient to construct the Improvements in accordance with, and otherwise comply with all obligations under, the terms and conditions of this AgreementAgreement and all other Loan Documents.

Appears in 2 contracts

Samples: Loan Agreement (Howard Hughes Corp), Building Loan Agreement (Sunrise Senior Living Inc)

Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together with -------------------------- Borrower’s 's Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit C, are sufficient to construct the Improvements in --------- accordance with the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Construction Loan Agreement (Americredit Corp)

Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together with Borrower’s 's Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit C, are sufficient to construct the Improvements in accordance with the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Construction Loan Agreement (Equity Office Properties Trust)

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Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together with Borrower’s Borrowers’ Funds and all other sums, if any, to be sums provided by Borrower as shown in Exhibit C, Borrowers are sufficient to construct the Construction Improvements and Tenant Improvements in accordance with the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Construction Loan Agreement (DC Industrial Liquidating Trust)

Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together with Borrower’s Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit C, proceeds are sufficient to construct the Improvements in accordance with, and otherwise comply with all obligations under, the terms and conditions of this AgreementAgreement and all other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Taubman Centers Inc)

Loan Proceeds and Adequacy. The undisbursed Loan proceeds, together ----------------------------- with Borrower’s 's Funds and all other sums, if any, to be provided by Borrower as shown in Exhibit C, are sufficient to construct the Improvements in accordance --------- with the terms and conditions of this Agreement.. 6.10

Appears in 1 contract

Samples: Construction Loan Agreement (Pizza Inn Inc /Mo/)

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