Common use of Supplemental Loan Clause in Contracts

Supplemental Loan. After the First Anniversary, Borrower may participate in the Xxxxxx Xxx Supplemental Loan product if the Supplemental Loan product is offered by Xxxxxx Mae at the time. Any such Supplemental Loan is subject to Lender’s determination that, as a result of its annual valuation of the Collateral Pool, a Supplemental Loan may be made pursuant to Lender’s Underwriting Requirements for Loans which meet the Coverage and LTV Tests. The Supplemental Loan will be documented with loan documents similar to the Loan Documents (“Supplemental Loan Documents”). Supplemental Loans will not be loans advanced under this Agreement. Any Supplemental Loan will be priced at market at the time of the loan and will be cross-defaulted with the Term Loan. To secure the obligations of Borrower under the Supplemental Loan Documents, Borrower shall grant, convey and assign to Lender a second Lien on each Mortgaged Property in the Collateral Pool and on any other collateral pledged to Lender from time to time pursuant to the Supplemental Loan Documents. On the closing date of the Supplemental Loan, Lender shall determine the portion of the Supplemental Loan allocated to a particular Mortgaged Property by Lender (the “Supplemental Allocable Loan Amount”), which Supplemental Allocable Loan Amounts shall be set forth in a separate exhibit to this Agreement. Lender shall redetermine the Supplemental Allocable Loan Amounts in the same manner and at the same time as the redetermination of the Allocable Loan Amounts pursuant to Section 2.01(b). In the event of a Supplemental Loan, Borrower shall pay the Supplemental Loan Fee on the date of the closing of such Supplemental Loan. Notwithstanding the foregoing, the Supplemental Loan shall be monitored pursuant to Section 2.01 of this Agreement and Lender shall include the Supplemental Loan upon calculating the Coverage and LTV Tests, Aggregate Debt Service Coverage Ratio and Aggregate Loan to Value Ratio, in connection with any Request.

Supplemental Loan. After the First Anniversary, Borrower may participate in the Xxxxxx Xxx Supplemental Loan product product, if the Supplemental Loan product is offered by Xxxxxx Mae at the timetime and if no Targeted Entity is a Prohibited Person. Any such Supplemental Loan is subject to Lender’s determination that, as a result of its annual valuation of the Collateral Pool, a Supplemental Loan may be made pursuant to Lender’s Underwriting Requirements for Loans which meet Tier Four loans in effect at the Coverage and LTV Teststime of the request. The Supplemental Loan will be documented with loan documents similar to the Loan Documents (“Supplemental Loan Documents”). Supplemental Loans will not be loans advanced under this Agreement. Any Supplemental Loan will be priced at market at the time of the loan and will be cross-defaulted with the Term Loan. To secure the obligations of Borrower under the Supplemental Loan Documents, Borrower shall grant, convey and assign to Lender a second Lien on each Mortgaged Property in the Collateral Pool and on any other collateral pledged to Lender from time to time pursuant to the Supplemental Loan Documents. On the closing date of the Supplemental Loan, Lender shall determine the portion of the Supplemental Loan allocated to a particular Mortgaged Property by Lender (the “Supplemental Allocable Loan Amount”), which Supplemental Allocable Loan Amounts shall be set forth in a separate exhibit to this Agreement. Lender shall redetermine the Supplemental Allocable Loan Amounts in the same manner and at the same time as the redetermination of the Allocable Loan Amounts pursuant to Section 2.01(b). In the event of a Supplemental Loan, Borrower shall pay the Supplemental Loan Fee on the date of the closing of such Supplemental Loan. Notwithstanding the foregoing, the Supplemental Loan shall be monitored pursuant to Section 2.01 of this Agreement and Lender shall include the Supplemental Loan upon calculating the Aggregate NOI Debt Service Coverage and LTV TestsRatio, the Aggregate Lease Payment Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio, in connection with any Request. Borrower agrees to pay any fees (including legal fees) that may be charged in connection with a Supplemental Loan.

Supplemental Loan. After Subject to the First Anniversaryterms and conditions contained herein, Borrower may participate in addition to the Xxxxxx Xxx Supplemental Revolving Loans under Section 2.1 of the Loan product if the Supplemental Loan product is offered by Xxxxxx Mae at the time. Any such Supplemental Loan is subject to Lender’s determination thatAgreement, as a result of its annual valuation of one time financial accommodation to Borrower, Supplemental Loan Lender shall make, subject to the Collateral Poolterms and conditions contained herein, a supplemental loan to Borrower in the principal amount of $15,000,000 (the "Supplemental Loan may be made pursuant to Lender’s Underwriting Requirements for Loans which meet the Coverage and LTV Tests. The Supplemental Loan will be documented with loan documents similar to the Loan Documents (“Supplemental Loan Documents”Loan"). Supplemental Loans will not be loans advanced under this Agreement. Any Supplemental Loan will be priced at market at At the time of the loan and will be cross-defaulted with the Term Loan. To secure the obligations of Borrower under the Supplemental Loan Documents, Borrower shall grant, convey and assign to Lender a second Lien on each Mortgaged Property in the Collateral Pool and on any other collateral pledged to Lender from time to time pursuant to the Supplemental Loan Documents. On the closing date of the Supplemental Loan, Lender shall determine the portion option of the Supplemental Loan allocated to a particular Mortgaged Property by Lender (the “Supplemental Allocable Loan Amount”), which Supplemental Allocable Loan Amounts shall be set forth in a separate exhibit to this Agreement. Lender shall redetermine the Supplemental Allocable Loan Amounts in the same manner and at the same time as the redetermination of the Allocable Loan Amounts pursuant to Section 2.01(b). In the event of a Supplemental Loan, Borrower shall pay the Supplemental Loan Fee on the date of the closing of such Supplemental Loan. Notwithstanding the foregoingLender, the Supplemental Loan shall be monitored pursuant to Section 2.01 made in two (2) installments as follows: the first (1st) installment in the principal amount of this Agreement and Lender $7,500,000 (the "First Installment") shall include be made on the Supplemental Loan upon calculating Effective Date and the Coverage second (2nd) installment in the principal amount of $7,500,000 (the "Second Installment") shall be made on or before the date which is seven (7) Business Days after the Supplemental Loan Effective Date (the "Second Installment Funding Date"). Borrower shall have no right to receive, and LTV TestsSupplemental Loan Lender shall have no obligation to make whatsoever, Aggregate Debt Service Coverage Ratio the Second Installment if, as of the Second Installment Funding Date, an Event of Default exists. The Supplemental Loan shall constitute part of the Obligations and Aggregate shall be secured by all of the Collateral. Except for the making of the Supplemental Loan as set forth in this Section 2A.1, Borrower shall have no right to Value Ratiorequest and Supplemental Loan Lender shall have no obligation to make any additional loans or advances to Borrower under this Section 2A.1 and any repayments of the Supplemental Loan shall not be subject to any readvance to or reborrowing by Borrower. For the purposes of Section 2.1 of the Loan Agreement, in connection with the aggregate principal amount of the Loans, the aggregate outstanding principal amount of the Supplemental Loan and the Letter of Credit Accommodations outstanding at any Requesttime shall not exceed the Maximum Credit.

Supplemental Loan. After the First Anniversary, Borrower may participate in the Xxxxxx Xxx Supplemental Loan product if the Supplemental Loan product is offered by Xxxxxx Mae at the time. Any such Supplemental Loan is subject to Lender’s determination that, as a result of its annual valuation of the Collateral Pool, a Supplemental Loan may be made pursuant to Lender’s Underwriting Requirements for Loans loans which meet the Coverage and LTV Tests. The Supplemental Loan will be documented with loan documents similar to the Loan Documents (“Supplemental Loan Documents”). Supplemental Loans will not be loans Advances advanced under this Agreement. Any Supplemental Loan will be priced at market at the time of the loan and will be cross-defaulted with the Term LoanAdvances made hereunder. To secure the obligations of Borrower under the Supplemental Loan Documents, Borrower shall grant, convey and assign to Lender a second Lien on each Mortgaged Property in the Collateral Pool and on any other collateral pledged to Lender from time to time pursuant to the Supplemental Loan Documents. On the closing date of the Supplemental Loan, Lender shall determine the portion of the Supplemental Loan allocated to a particular Mortgaged Property by Lender (the “Supplemental Allocable Loan Amount”), which Supplemental Allocable Loan Amounts shall be set forth in a separate exhibit to this Agreement. Lender shall redetermine the Supplemental Allocable Loan Amounts in the same manner and at the same time as the redetermination of the Allocable Loan Facility Amounts pursuant to Section 2.01(b2.04(b). In the event of a Supplemental Loan, Borrower shall pay the Supplemental Loan Fee on the date of the closing of such Supplemental Loan. Notwithstanding the foregoing, the Supplemental Loan shall be monitored pursuant to Section 2.01 2.04 of this Agreement and Lender shall include the Supplemental Loan upon calculating the Coverage and LTV Tests, Aggregate Debt Service Coverage Ratio and Aggregate Loan to Value Ratio, in connection with any Request.. Borrower agrees to pay any fees (including legal fees) that may be charged in connection with a Supplemental Loans. Colonial/ Grandbridge — Master Credit Facility Agreement