Joint Venture Loan definition
Examples of Joint Venture Loan in a sentence
If a Party wishes to obtain a Joint Venture Loan to fund their required contribution to the Joint Venture, they shall first provide the other Party with particulars of the terms of any such proposed Joint Venture Loan including the amount of any commitment or other loan fees, the security required by the lender and other terms and conditions, and shall not finalize any such Joint Venture Loan without the prior written approval of the other Party, such approval not to be unreasonably delayed or withheld.
The Acquisition Fee payable to the Advisor shall be paid at the time the Company acquires a Property, investment in Joint Venture, Loan or Permitted Investment.
If a Party wishes to obtain a Joint Venture Loan, they shall first provide the other Party with particulars of the terms of any such proposed Joint Venture Loan including the amount of any commitment or other loan fees, the security required by the lender and other terms and conditions, and shall not finalize any such Joint Venture Loan without the prior written approval of the other Party, such approval not to be unreasonably delayed or withheld.
Pursuant to the Collateral Assignment, the Borrower shall pledge the Joint Venture Note and the other Joint Venture Loan Documents to the Lender as collateral security for the Loan Obligations.
The Liens to be created by each Related Mortgage are intended to encumber each applicable Additional Facility described therein to the full extent of Borrower's obligations under the Loan Documents and, if applicable, each Joint Venture's obligations under the Joint Venture Loan Documents.
After giving effect to the transactions contemplated by the Joint Venture Loan Documents including, without limitation the Joint Venture Contribution, the Joint Venture and its Subsidiaries shall have outstanding no indebtedness or preferred stock other than indebtedness permitted by Section 7.04 of the Joint Venture Credit Agreement.
Pursuant to each Collateral Assignment, the Borrower shall pledge each Joint Venture Note and the other Joint Venture Loan Documents to the Lender as collateral security for the Loan Obligations.
To the extent any Additional Facility which is the subject of the Additional Facility Advance constitutes a Joint Venture Facility, the applicable Joint Venture and the Borrower shall have executed and delivered to Lender the Joint Venture Loan Documents.
The Joint Venture and the Borrower shall have executed and delivered to Lender the Joint Venture Loan Agreement.
The Joint Venture shall deliver a certificate to the Administrative Agent certifying to the Administrative Agent that as of the consummation of the Joint Venture Transaction (i) all representations and warranties under the Joint Venture Loan Documents as of the Joint Venture Effective Date are true and correct and (ii) no “Default” or “Event of Default” (as such terms are defined in the Joint Venture Loan Documents) exists.