Recordation Disbursements. Upon recordation of the Mortgage and satisfaction of all conditions set forth herein, provided that the Title Company has issued or is irrevocably committed in writing to issue to Lender the Title Insurance Policy referred to in Section 5.1 hereof, Lender shall disburse to Borrower the entirety of the Loan proceeds.
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Samples: Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.), Loan Agreement (NNN Healthcare/Office REIT, Inc.), Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)
Recordation Disbursements. Upon recordation of the Mortgage Mortgages (or such earlier Closing Date) and satisfaction of all conditions set forth herein, provided that the Title Company has issued or is irrevocably committed in writing to issue to Lender the Title Insurance Policy Policies referred to in Section 5.1 hereof, Lender shall disburse to Borrower the entirety of the Loan proceeds.
Appears in 1 contract
Samples: Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)
Recordation Disbursements. Upon recordation of the Mortgage and satisfaction of all conditions set forth herein, provided that the Title Company has issued or is irrevocably committed in writing to issue to Lender the Title Insurance Policy referred to in Section 5.1 hereof, Lender shall disburse to Borrower the entirety of the Loan proceedsproceeds minus the TI/LC/CapEx Holdback.
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