Common use of Timely FF&E Drawings Clause in Contracts

Timely FF&E Drawings. The Borrower covenants and agrees to use commercially reasonable efforts to make draws from time to time on the relevant FF&E Facility as soon as reasonably practicable thereunder to purchase, finance or refinance any Specified FF&E for which the Borrower has made FF&E Deposit Loans. The Borrower further agrees that prior to repaying an FF&E Deposit Loan, it will use commercially reasonable efforts to maintain the eligibility of the Specified FF&E for which the Borrower has made FF&E Deposit Loans as collateral under the relevant FF&E Facility, if any.

Timely FF&E Drawings. The Borrower covenants Borrowers covenant and agrees agree to use commercially reasonable efforts to make draws from time to time on the relevant FF&E Facility as soon as reasonably practicable thereunder to purchase, finance or refinance any Specified FF&E for which the Borrower has Borrowers have made FF&E Deposit Loans. The Borrower Borrowers further agrees agree that prior to repaying an FF&E Deposit Loan, it they will use commercially reasonable efforts to maintain the eligibility of the any Specified FF&E for which the Borrower has Borrowers have made FF&E Deposit Loans as collateral under the relevant such FF&E Facility, if any.