Opening of Loan on or Prior to Loan Opening Date. All conditions precedent to the Opening of the Loan shall be complied with on or prior to the Loan Opening Date. If such conditions are not complied with as of the Loan Opening Date, Lender may at its sole option terminate Lender’s obligation to fund the Loan by written notice to Borrowers and Parent.
Appears in 1 contract
Samples: Secured Loan Agreement (Adcare Health Systems, Inc)
Opening of Loan on or Prior to Loan Opening Date. All conditions precedent to the Opening of the Loan shall be complied with on or prior to the Loan Opening Date. If such conditions are not complied with as of the Loan Opening Date, Lender may at its sole option terminate Lender’s 's obligation to fund the Loan by written notice to Borrowers and ParentBorrower.
Appears in 1 contract
Samples: Construction Loan Agreement (Medical Properties Trust Inc)
Opening of Loan on or Prior to Loan Opening Date. All conditions precedent to the Opening of the Loan shall be complied with on or prior to the Loan Opening Date. If such conditions are not complied with as of the Loan Opening Date, Lender may at its sole option terminate Lender’s obligation to fund the Loan by written notice to Borrowers and ParentBorrowers.
Appears in 1 contract
Samples: Secured Loan Agreement (CNL Healthcare Trust, Inc.)
Opening of Loan on or Prior to Loan Opening Date. All conditions precedent to the Opening of the Loan shall be complied with on or prior to the Loan Opening Datedate of this Agreement. If such Borrower has not satisfied all conditions are not complied with as precedent to, and otherwise qualified for, the Opening of the Loan Opening Date, Lender on or before said date Agent may (and at its sole option the request of the Required Lenders shall) terminate Lender’s obligation to fund the Loan by written notice to Borrowers and ParentBorrower.
Appears in 1 contract
Samples: Construction Loan Agreement (Dupont Fabros Technology, Inc.)
