Common use of THE HOMESTEAD LOAN Clause in Contracts

THE HOMESTEAD LOAN. Subject to the limitations set forth in Sections 2.5, 2.6 and 2.7 below, Atlantic hereby agrees, upon the terms and conditions set forth herein and in the other applicable Loan Documents, to advance to Homestead (or, as Homestead may direct, to any Subsidiary) up to the amount of the Maximum Corporate Loan Amount for the purpose of paying the costs and expenses incurred by Homestead (or by any such Subsidiary, as the case may be) in completing the design and construction of the Existing Projects and in performing its due diligence review, obtaining all Permits required for development of and otherwise acquiring the Land for, and completing the design and construction of, such of the Future Projects hereafter pursued by Homestead or any such Subsidiary as may be funded under the provisions of this Agreement. Principal and accrued interest on the Corporate Note shall be due and payable in accordance with the terms and conditions set forth therein and herein.

THE HOMESTEAD LOAN. Subject to the limitations set forth in Sections 2.5, 2.6 and 2.7 below, Atlantic PTR hereby agrees, upon the terms and conditions set forth herein and in the other applicable Loan Documents, to advance to Homestead (or, as Homestead may direct, to any Subsidiary) up to the amount of the Maximum Corporate Loan Amount for the purpose of paying the costs and expenses incurred by Homestead (or by any such Subsidiary, as the case may be) in completing the design and construction of the Existing Projects and in performing its due diligence review, obtaining all Permits required for development of and otherwise acquiring the Land for, and completing the design and construction of, such of the Future Projects hereafter pursued by Homestead or any such Subsidiary as may be funded under the provisions of this Agreement. Principal and accrued interest on the Corporate Note shall be due and payable in accordance with the terms and conditions set forth therein and herein.

THE HOMESTEAD LOAN. Subject to the limitations set forth in Sections 2.5, 2.6 and 2.7 below, Atlantic PTR hereby agrees, upon the terms and ----------------- --- conditions set forth herein and in the other applicable Loan Documents, to advance to Homestead (or, as Homestead may direct, to any Subsidiary) up to the amount of the Maximum Corporate Loan Amount for the purpose of paying the costs and expenses incurred by Homestead (or by any such Subsidiary, as the case may be) in completing the design and construction of the Existing Projects and in performing its due diligence review, obtaining all Permits required for development of and otherwise acquiring the Land for, and completing the design and construction of, such of the Future Projects hereafter pursued by Homestead or any such Subsidiary as may be funded under the provisions of this Agreement. Principal and accrued interest on the Corporate Note shall be due and payable in accordance with the terms and conditions set forth therein and herein.