Use of Receipts. Borrower shall cause all rents and other income and receipts realized and received by Borrower from and in connection with the Project during the term of the Loan to be used, first for the purpose of paying interest on the Loan in accordance with Section 4.9 above, and then for the actual costs and expenses incurred by Borrower in connection with the ownership, operation, management and repair of the Project, including without limitation, operating expenses, real estate taxes and insurance premiums.
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Samples: Loan Agreement (Windrose Medical Properties Trust), Loan Agreement (Windrose Medical Properties Trust)
Use of Receipts. Borrower shall cause all rents and other income and receipts realized and received by Borrower Borrower, if any, from and in connection with the Project during the term of the Loan to be used, first used for the purpose of paying interest on the Loan in accordance with Section 4.9 above, and then for the actual costs and expenses incurred by Borrower in connection with the ownership, operation, management and repair of the Project, including without limitation, operating expenses, real estate taxes taxes, insurance premiums and insurance premiumsinterest and principal owing on the Loan.
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Samples: Construction Loan Agreement (Heartland Partners L P)
Use of Receipts. Borrower shall cause all rents and other income and receipts realized and received by Borrower Borrower, if any, from and in connection with the Project during the term of the Loan Property to be used, first used for the purpose of paying interest on the Loan in accordance with Section 4.9 above, and then for the actual costs and expenses incurred by Borrower in connection with the ownership, operation, management and repair of the ProjectProperty, including without limitation, operating expenses, real estate taxes taxes, insurance premiums and insurance premiumsinterest on the Loan.
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Use of Receipts. Borrower shall cause all rents and other income and receipts realized and received by Borrower from and in connection with the Project during the term of the Loan to be used, first for the purpose of paying interest on the Loan in accordance with Section Paragraph 4.9 above, and then for the actual costs and expenses incurred by Borrower in connection with the ownership, operation, management and repair of the Project, including without limitation, operating expenses, real estate taxes and insurance premiums.
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