Changes of Commitments. (a) The respective Commitments shall reduce pro rata automatically by reason of any prepayment of the Loans applicable thereto in the amount of any such prepayment.
Appears in 5 contracts
Samples: Construction Loan Agreement, Acquisition and Project Loan Agreement (KBS Strategic Opportunity REIT II, Inc.), Acquisition and Project Loan Agreement (Acadia Realty Trust)
Changes of Commitments. (a) The respective Building Loan Commitments shall reduce pro rata automatically by reason of any prepayment of the Building Loans applicable thereto in the amount of any such prepayment.
Appears in 1 contract
Samples: Loan Agreement (Acadia Realty Trust)
Changes of Commitments. (a) The respective Commitments Building Loan Commitment shall reduce pro rata automatically by reason of any prepayment of the Building Loans applicable thereto in the amount of any such prepayment.
Appears in 1 contract
Samples: Building Loan Agreement (KBS Strategic Opportunity REIT II, Inc.)
