Loan Proceeds definition
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.
Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.
Examples of Loan Proceeds in a sentence
All charges, fees, expenses, indemnities and other obligations (other than the interest and principal) due to be paid under the Loan Documents on the Closing Date and invoiced in writing to the Borrower at least one (1) Business Day prior to the Closing Date have been paid (or will be paid with Loan Proceeds on the Closing Date).
Use any Loan Proceeds for any purpose other than as set forth in Section 2.4.
More Definitions of Loan Proceeds
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 applied to make the loan to the Borrower pursuant to this Agreement.
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 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 aggregate Advances made by the Lenders to the Borrower pursuant to the Loan Documents.
Loan Proceeds has the meaning given in the LLC Operating Agreement. “Loan Schedule” has the meaning given in the recitals.
Loan Proceeds means all funds advanced by Lender as an Advance to Borrower under this Agreement.