Common use of Loan Proceeds Clause in Contracts

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

Appears in 173 contracts

Samples: Loan Agreement (Assisted 4 Living, Inc.), Loan Agreement (FTE Networks, Inc.), Loan Agreement (FTE Networks, Inc.)

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Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.4 hereof.

Appears in 129 contracts

Samples: Loan Agreement (Global Net Lease, Inc.), Loan Agreement (Necessity Retail REIT, Inc.), Loan Agreement (Healthcare Trust, Inc.)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.5.

Appears in 35 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Front Yard Residential Corp), Loan Agreement (Invitation Homes Inc.)

Loan Proceeds. Borrower Borrowers shall use the proceeds of the Loan received by it them on the Closing Date only for the purposes set forth in Section 2.1.42.1.2 hereof.

Appears in 6 contracts

Samples: Second Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), First Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), Third Mezzanine Loan Agreement (Morgans Hotel Group Co.)

Loan Proceeds. Each Individual Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.4 hereof.

Appears in 4 contracts

Samples: Loan Agreement (Inland Real Estate Income Trust, Inc.), Loan Agreement (Inland Real Estate Income Trust, Inc.), Loan Agreement (Inland Diversified Real Estate Trust, Inc.)

Loan Proceeds. Each Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

Appears in 4 contracts

Samples: Loan Agreement (Maguire Properties Inc), Loan Agreement (Highland Hospitality Corp), Loan Agreement (Prime Retail Lp)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Funding Date only for the purposes set forth in Section 2.1.42.1.4 hereof.

Appears in 4 contracts

Samples: Loan Agreement (Net Lease Office Properties), Loan Agreement (W. P. Carey Inc.), Mezzanine Loan Agreement (W. P. Carey Inc.)

Loan Proceeds. Borrower and the other Loan Parties shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.5 hereof.

Appears in 3 contracts

Samples: Mezzanine B Loan Agreement (BRE Select Hotels Corp), Mezzanine a Loan Agreement (BRE Select Hotels Corp), Management Agreement (ESH Hospitality LLC)

Loan Proceeds. Borrower Borrowers shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.4 hereof.

Appears in 3 contracts

Samples: Pledge and Security Agreement (MPG Office Trust, Inc.), Pledge and Security Agreement (MPG Office Trust, Inc.), Loan Agreement (Maguire Properties Inc)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it Borrower on the Closing Date only for the purposes set forth in Section 2.1.42.1.4 hereof.

Appears in 3 contracts

Samples: Loan Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Mezzanine Loan Agreement (Cole Credit Property Trust Inc), Mezzanine Loan Agreement (Cole Credit Property Trust III, Inc.)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.5 hereof.

Appears in 3 contracts

Samples: Management Agreement (ESH Hospitality LLC), Management Agreement (ESH Hospitality LLC), Management Agreement (ESH Hospitality LLC)

Loan Proceeds. Borrower shall use the proceeds of the ------------- Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

Appears in 3 contracts

Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit), Loan Agreement (Capital Automotive Reit)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.

Appears in 2 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Business Loan Agreement (NV5 Holdings, Inc.)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Original Closing Date only for the purposes set forth in Section 2.1.4.

Appears in 2 contracts

Samples: Loan Agreement (Harrahs Entertainment Inc), First Mezzanine Loan Agreement (Harrahs Entertainment Inc)

Loan Proceeds. Borrower Borrowers shall use the proceeds of the Loan received by it Borrowers on the Closing Date only for the purposes set forth in Section 2.1.42.1.4 hereof.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust Inc), Loan Agreement (Cole Credit Property Trust III, Inc.)

Loan Proceeds. Borrower shall use the proceeds of the Loan ------------- received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

Appears in 2 contracts

Samples: Loan Agreement (Capital Automotive Reit), Loan Agreement (Desert Springs Marriott Limited Partnership)

Loan Proceeds. Borrower shall use the proceeds of the Loan ------------- received by it on the Closing Date only for the purposes set forth in Section 2.1.4.------- 2.2. ---

Appears in 2 contracts

Samples: Loan Agreement (Prentiss Properties Trust/Md), Loan Agreement (Prentiss Properties Trust/Md)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.2.1.4 hereof. -77-

Appears in 1 contract

Samples: Loan Agreement (Soho House & Co Inc.)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.. 44

Appears in 1 contract

Samples: Loan Agreement (Inland Western Retail Real Estate Trust Inc)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.2 hereof.

Appears in 1 contract

Samples: Loan Agreement (Bristol Hotel Co)

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Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4. Borrower shall cause Mortgage Borrower to use the proceeds of the Mortgage Loan in accordance with the provisions thereof.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Loan Proceeds. Each Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.6.

Appears in 1 contract

Samples: Loan Agreement (Prime Retail Lp)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section SECTION 2.1.4.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4β€Ž2.1.4 and Section 2.1.5.

Appears in 1 contract

Samples: Loan Agreement (GMH Communities Trust)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it Borrower on the Closing Date only for the purposes set forth in Section 2.1.4.

Appears in 1 contract

Samples: Loan Agreement (Thomas Properties Group Inc)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.5 and Section 2.1.6.

Appears in 1 contract

Samples: Loan Agreement (AG Mortgage Investment Trust, Inc.)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date (or the date of any Additional Loan) only for the purposes set forth in Section 2.1.42.1.5 and Section 2.1.6.

Appears in 1 contract

Samples: Loan Agreement (Altisource Residential Corp)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.01(d) hereof.

Appears in 1 contract

Samples: Loan Agreement (Manufactured Housing Properties Inc.)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

Appears in 1 contract

Samples: Loan Agreement (First Capital Real Estate Trust Inc)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.2.1.4 hereof. USActive 30748472.10 -73-

Appears in 1 contract

Samples: Loan Agreement (Chatham Lodging Trust)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.2.2. (q)

Appears in 1 contract

Samples: Loan Agreement (Horizon Group Inc)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.2 and Section 2.1.3 as applicable.

Appears in 1 contract

Samples: Loan Agreement (Bh Re LLC)

Loan Proceeds. Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.42.1.2 hereof.

Appears in 1 contract

Samples: Loan Agreement (Starwood Hotel & Resorts Worldwide Inc)

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