Permanent Loan. Borrower may request that Lender cause Servicer to make a permanent loan (the “Permanent Loan”) to be secured by one or more Collateral Pool Properties designated by Borrower (the “Permanent Loan Collateral”) to be simultaneously released from the Collateral Pool and encumbered in favor of Servicer as security for Borrower’s obligations under the Permanent Loan, which request shall be made in accordance with the provisions of Section 2.15.
Appears in 2 contracts
Samples: Credit Agreement (Steadfast Apartment REIT, Inc.), Credit Agreement (Behringer Harvard Multifamily Reit I Inc)
Permanent Loan. Borrower may request that Lender cause Servicer to make a permanent loan (the “Permanent Loan”) to be secured by one or more Collateral Pool Properties designated by Borrower (the “Permanent Loan Collateral”) to be simultaneously released from the Collateral Pool and encumbered in favor of Servicer as security for Borrower’s obligations under the Permanent Loan, which request shall be made in accordance with the provisions of Section 2.152.16.
Appears in 2 contracts
Samples: Credit Agreement (Mid America Apartment Communities Inc), Credit Agreement (Mid America Apartment Communities Inc)
Permanent Loan. Borrower may request that Lender cause Servicer to make a permanent loan (the “"Permanent Loan”") to be secured by one or more Collateral Pool Properties designated by Borrower (the “"Permanent Loan Collateral”") to be simultaneously released from the Collateral Pool and encumbered in favor of Servicer as security for Borrower’s 's obligations under the Permanent Loan, which request shall be made in accordance with the provisions of Section 2.15.SECTION
Appears in 1 contract
Samples: Credit Agreement (Summit Properties Partnership L P)
Permanent Loan. Borrower may request that Lender cause Servicer to make a permanent loan (the “"Permanent Loan”") to be secured by one or more Collateral Pool Properties designated by Borrower (the “"Permanent Loan Collateral”") to be simultaneously released from the Collateral Pool and encumbered in favor of Servicer as security for Borrower’s 's obligations under the Permanent Loan, which request shall be made in accordance with the provisions of Section 2.15.
Appears in 1 contract
Permanent Loan. Borrower may request that Lender cause Servicer to make a permanent loan (the “"Permanent Loan”") to be secured by one or more certain Collateral Pool Properties -------------- Property(ies) designated by Borrower (the “"Permanent Loan Collateral”") to be ------------------------- simultaneously released from the Collateral Pool and encumbered in favor of Servicer Lender as security for Borrower’s 's obligations under the Permanent Loan, which request shall be made in accordance with the provisions of Section 2.15.the
Appears in 1 contract
Samples: Credit Agreement (Smith Charles E Residential Realty Lp)
Permanent Loan. Borrower may request that Lender cause Servicer to make a permanent loan (the “"Permanent Loan”") to be secured by one or more Collateral Pool Properties designated by Borrower (the “"Permanent Loan Collateral”") to be simultaneously released from the Collateral Pool and encumbered in favor of Servicer as security for Borrower’s 's obligations under the Permanent Loan, which request shall be made in accordance with the provisions of Section 2.152.16.
Appears in 1 contract
Samples: Credit Agreement (Mid America Apartment Communities Inc)
