The Term Loan Advances. Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make a single Advance in U.S. Dollars to the Borrower on the Effective Date in an amount equal to such Bank’s total Commitment. The Borrower may from time to time prepay the Advances or any portion thereof pursuant to Section 2.07. Amounts repaid on the Advances may not be reborrowed.
Appears in 3 contracts
Samples: Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties)
The Term Loan Advances. Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make a single Advance in U.S. Dollars to the Borrower on the Effective Date in an amount equal to such Bank’s total Commitment. The Borrower may from time to time prepay the Advances or any portion thereof pursuant to Section 2.07. Amounts repaid on the Advances may not be reborrowed.
Appears in 1 contract
Samples: Guaranty and Contribution Agreement (LaSalle Hotel Properties)
