Loan Commitment Disbursement to Borrower. Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower. Borrower hereby waives any right Borrower may have to make any claim to the contrary.
Loan Commitment Disbursement to Borrower. (a) Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date.
(b) Borrower may request and receive only one borrowing in respect of the Loan and any amount borrowed and repaid in respect of the Loan may not be reborrowed.
(c) The Loan shall be evidenced by the Note and secured by the Mortgage and the other Loan Documents.
(d) Borrower shall use the proceeds of the Loan to (i) pay certain costs in connection with the financing of the Property, (ii) make deposits into the Reserve Funds on the Closing Date in the amounts provided herein, (iii) pay costs and expenses incurred in connection with the closing of the Loan, as approved by Lender, (iv) fund any working capital requirements of the Property, and (v) distribute the balance, if any, to its partners or members, as applicable.
Loan Commitment Disbursement to Borrower. (a) Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date.
(b) Borrower may request and receive only one borrowing in respect of the Loan and any amount borrowed and repaid in respect of the Loan may not be reborrowed.
(c) The Loan shall be evidenced by the Note and secured by the Mortgage and the other Loan Documents.
(d) Borrower shall use the proceeds of the Loan to (i) pay the purchase price for acquiring the Property, (ii) pay certain costs and expenses incurred in connection with the closing of the Loan, as approved by Lender, (iv) fund any working capital requirements of the Property, and (v) distribute the balance, if any, to its members.
Loan Commitment Disbursement to Borrower. (a) The Loan was fully disbursed on the Original Closing Date. Any amount repaid in respect of the Loan may not be reborrowed.
(b) The Loan is evidenced by the Note and secured by the Pledge Agreement and the other Loan Documents.
Loan Commitment Disbursement to Borrower. Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date.
Loan Commitment Disbursement to Borrower. Interest; Loan Payments; Late Payment Charge
Loan Commitment Disbursement to Borrower. (a) Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date.
(b) Borrower may request and receive only one borrowing in respect of the Loan and any amount borrowed and repaid in respect of the Loan may not be reborrowed.
(c) The Loan shall be evidenced by the Note and secured by the Mortgage and the other Loan Documents.
(d) Borrower shall use the proceeds of the Loan to (i) retire the debt on the Property existing prior to the Closing Date, (ii) pay certain costs in connection with the financing of the Property, (iii) make deposits into the Reserve Funds on the Closing Date in the amounts provided herein, (iv) pay costs and expenses incurred in connection with the closing of the Loan, as approved by Lender such approval not to be unreasonably withheld, conditioned or delayed, (v) fund any working capital requirements of the Property, and (vi) distribute the balance, if any, to its members.
Loan Commitment Disbursement to Borrower. 16 2.1.1 The Loan................................................ 16 2.1.2
Loan Commitment Disbursement to Borrower. 2.1.1 Agreement to Lend and Borrow. 23
Loan Commitment Disbursement to Borrower. (a) Subject to and upon the terms and conditions set forth herein, Lender hereby agrees to make and Borrower hereby agrees to accept the Loan on the Closing Date.
(b) Borrower may request and receive only one borrowing in respect of the Loan and any amount borrowed and repaid in respect of the Loan may not be re-borrowed.
(c) The Loan shall be evidenced by the Note and secured by the Mortgage and the other Loan Documents.
(d) Borrower shall use the proceeds of the Loan to (i) refinance Borrower’s existing loan secured by the Property, (ii) make deposits into the Reserve Funds on the Closing Date in the amounts provided herein, (iii) pay costs and expenses incurred in connection with the closing of the Loan, as approved by Lender, (iv) fund any working capital requirements of the Property, and (v) distribute the balance, if any, to its partners.
