Proceeds Fully Disbursed. The proceeds of the Mezzanine Loan Interest have been fully disbursed and there is no requirement for future advances thereunder.
Proceeds Fully Disbursed. Except for Escrow Account funds retained for completion of Mortgaged Property improvements, the proceeds of the Mortgage Loans have been fully disbursed, there is no requirement for future Advances thereunder, and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any Escrow Account funds therefore have been complied with. All costs, fees and expenses incurred in making, closing or recording the Mortgage Loans has been paid by the Seller or a Prior Originator.
Proceeds Fully Disbursed. The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder and the Mortgage Loan Seller covenants that it will not make any future advances under the Mortgage Loan to the related Mortgagor. No advance of funds (other than the initial disbursement of proceeds) has been made by the Mortgage Loan Seller, any affiliate or any third party originator to the related Mortgagor and no funds have been received from or on behalf of any person other than the related Mortgagor for, or on account of, payments due on the Mortgage Loan.
Proceeds Fully Disbursed. The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder and the Mortgage Loan Seller covenants that it will not make any future advances under the Mortgage Loan to the related Mortgagor. No advance of funds (other than the initial disbursement of proceeds) has been made by the Mortgage Loan Seller, any affiliate or any third party originator to the related Mortgagor (other than mezzanine debt that is set forth on Exhibit D) and no funds have been received from or on behalf of any person other than the related Mortgagor for, or on account of, payments due on the Mortgage Loan.
Proceeds Fully Disbursed. The proceeds of the Mortgage Loans have been fully disbursed, and there is no requirement for future advances thereunder.
Proceeds Fully Disbursed. The proceeds of each Mortgage Loan have been fully disbursed (except in those cases where the full amount of the Mortgage Loan has been funded but a portion thereof is being held in escrow pending the satisfaction of certain conditions with respect to the related Mortgaged Property) as and to the extent set forth on the Mortgage Loan Schedule. There is no obligation for future advances under any Mortgage Loan except as and to the extent set forth in the Mortgage Loan Schedule (exclusive of any obligations of Seller upon foreclosure or otherwise assuming obligations as owner of the Mortgaged
Proceeds Fully Disbursed. The proceeds of each Mortgage Loan have been fully disbursed, there is no requirement for, or ability to make, future advances thereunder and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefor have been complied with, except any Mortgaged Property or Mortgage Loan subject to an escrow holdback as defined in the underwriting guidelines of the Seller. All costs, fees and expenses incurred in making, closing or recording the Mortgage Loans were paid and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage.
Proceeds Fully Disbursed. The Mortgage Loan was closed in accordance with the commitment letter between the Seller and the mortgagor as such commitment letter may have been modified in writing by the Seller. The proceeds of the Mortgage Loan have been fully disbursed in an amount not exceeding the amount of the related Mortgage Note (which amount is fully enforceable against the maker thereof) and there is no requirement for future advances thereunder except in accordance with funding schedules (if any), as set forth in the related Mortgage Note or Mortgage, and any and all requirements stated in such commitment letter as to the completion of any on-site or off-site improvements and as to the release of any escrow funds have been complied with;
Proceeds Fully Disbursed. The proceeds of each Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder and the Mortgage Loan Seller covenants that it will not make any future advances under the Mortgage Loan to the related Mortgagor. No advance of funds has been made by the Mortgage Loan Seller , any affiliate or any third party originator to the related Mortgagor and no funds have been received from or on behalf of any person other than the related Mortgagor for, or on account of, payments due on the Mortgage Loan.
Proceeds Fully Disbursed. Except for Escrow Funds retained for completion of Mortgaged Property improvements, the proceeds of the Mortgage Loan have been fully disbursed, there is no requirement for future advances thereunder and any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any funds therefore have been complied with. All costs, fees and expenses incurred in making, closing or recording the Mortgage Loans has been paid by the Seller or a Prior Originator.
