Loan Proceeds definition

Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

Loan Proceeds means funds disbursed by Lender on account of the Loan and pursuant to this Loan Agreement.

Loan Proceeds means the proceeds of the Loan in the maximum principal amount set forth in this Agreement.

Examples of Loan Proceeds in a sentence

• For all Loan Proceeds with respect to any Group of Loans received by the Receiver during the Interim Servicing Period for which the Servicing Transfer Date has not occurred, the Receiver shall transfer any such Loan Proceeds, net of any Servicing Expenses and Pre-Approved Charges then due and payable, no later than two (2) Business Days prior to the applicable Distribution Date to the Paying Agent for deposit into the Collection Account.

• For all Loan Proceeds with respect to any Group of Loans received after the Interim Servicing Period and for which the Servicing Transfer Date has occurred, the Company shall transfer, or cause the Servicer or Subservicer to transfer, all Loan Proceeds within two (2) Business Days of receipt of such funds to the Paying Agent for deposit into the Collection Account.

• No Servicer or Subservicer shall be paid any fees or indemnified out of any Loan Proceeds (or funds in the Collection Account, the Working Capital Reserve Account or any other Company account), it being understood that all fees and related costs of liabilities of the Servicers and Subservicers shall be the sole responsibility of the Manager (without any right of reimbursement from the Company or the Initial Member).

• No funds from any other source (other than Loan Proceeds, interest or earnings on the Loan Proceeds, funds transferred from the Working Capital Reserve Account pursuant to Section 3.6, funds advanced by the Manager as Excess Working Capital Advances pursuant to the LLC Operating Agreement and Section 3.7 and funds advanced by the Manager as Discretionary Funding Advances pursuant to the LLC Operating Agreement and Section 3.8) shall be commingled in the Collection Account.

• The Manager shall also cause the Company to retain and enter into and, at all times, be a party to written paying agency agreement with a paying agent selected by the Company (the “Paying Agent”), which Paying Agent shall receive and distribute Loan Proceeds in accordance with the applicable Custodial and Paying Agency Agreement.

More Definitions of Loan Proceeds

Loan Proceeds means the funds applied to make the loan to the Borrower pursuant to this Agreement.

Loan Proceeds means the funds disbursed to a Borrower pursuant to a Loan Account established by Bank under the Program.

Loan Proceeds means the funds disbursed to the Borrower pursuant to this Agreement and any proceeds thereof.

Loan Proceeds means all of the following: (i) any and all proceeds with respect to any or all of the Loans and any or all of the Underlying Collateral, including principal, interest, default interest, prepayment fees, premiums and charges, extension and exit fees, late fees, assumption fees, other fees and charges, insurance proceeds and condemnation payments (or any portion thereof) that are not used and disbursed to repair, replace or restore the related Underlying Collateral in accordance with the terms of the Loan Documents and the Ancillary Documents, and, with respect to any Acquired Property, operating cash flow realized from such Acquired Property net of Servicing Expenses, whether paid directly to the Company or payable to or distributed by an Ownership Entity; (ii) any and all proceeds from sales or other dispositions or refinancings of any or all of the Loans (including Acquired Property) net of Servicing Expenses incurred in connection with such sale or other disposition or refinancing; (iii) any proceeds from making a draw under any letter of credit or certificate of deposit held with respect to any Loan, provided that such draw is permitted by the terms of the Loan Documents;

Loan Proceeds means the total amount of money to be paid pursuant to Section 2.02 hereof by Lender to Escrow Agent for deposit and application in accordance with the Escrow Agreement.

Loan Proceeds means all funds advanced by Lender as an Advance to Borrower under this Agreement.

Loan Proceeds has the meaning given that term in the LLC Operating Agreement. “Loan Schedule” has the meaning given that term in the recitals.