Syndication Proceeds Sample Clauses

Syndication Proceeds. (a) The Pledgor shall deposit in an account under the control of both the Pledgor and the Trustee (the “Rate Cap Deposit Account”), promptly (and in any event within two (2) Business Days) after receipt thereof, the Net Syndication Proceeds and any proceeds related thereto. The Rate Cap Deposit Account shall be subject to a deposit account control agreement among Pledgor, Trustee and a depository bank (reasonably acceptable to Trustee), in form and substance reasonably acceptable to Trustee.
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Syndication Proceeds 
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Related to Syndication Proceeds

  • LOAN 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in this Agreement, the amount of one hundred million Dollars ($100,000,000), as such amount may be converted from time to time through a Currency Conversion in accordance with the provisions of Section 2.07 of this Agreement (“Loan”), to assist in financing the project described in Schedule 1 to this Agreement (“Project”).

  • Use of Proceeds of the Loan Section 3.01. The Borrower shall cause the proceeds of the Loan to be applied to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement.

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