Loan and Loan Documents. The consideration for this Agreement consists of the Secured Party’s agreement to make the Loan and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Pledgor. At the date hereof, the “Loan Documents” are this Agreement, that certain Loan Agreement dated as of even date herewith between Pledgor, as borrower, and Secured Party, as lender (as amended from time to time, the “Loan Agreement”), that certain Line of Credit Note dated as of even date herewith from Pledgor, as borrower, to Secured Party, as payee. The “Loan Documents” shall also be deemed to include all present and future documents and instruments relating to the Obligations executed by Borrower, by Pledgor, by Bank, and/or by any other Person, together with all amendments, modifications, extensions, and/or other changes thereto at any time and from time to time. Any violation of this Agreement shall constitute an Event of Default; and any Default or Event of Default shall be a default hereunder.
Loan and Loan Documents. On or before February 17, 2015 with respect to the Loans secured by the CLP Leased Properties only and March 2, 2015 with respect to all other Loans, Buyer shall request each Lender’s consent to the assumption of the Loans and Loan Documents by Buyer at Closing, the release of Sellers from all obligations that arise following Closing, and all other matters necessary to consummate the transactions contemplated by this Agreement; provided, however, with respect to the Grand Victorian Washington Property, no such applications shall be required to be submitted unless and until OSF Healthcare System declines to, or is deemed to have so declined by way of its failure to timely notify CLP Washington IL Owner, LLC of its election to, exercise its right to purchase the Grand Victorian Washington Property pursuant to the Existing Purchase Option. Thereafter, Buyer shall use diligent, good faith and commercially reasonable efforts to obtain such consents as soon as reasonably practicable. Sellers shall use good faith, commercially reasonable efforts to cooperate with and assist Buyer in obtaining such consents upon Buyer’s request, and Sellers shall provide to Buyer on or before February 10, 2015, all information required of each Seller from such Lender in connection with requesting such consents or if requested thereafter, promptly upon request. If Buyer has not obtained any such consents on or before the Closing Date (as the same may be extended pursuant to Section 5.1), then Buyer shall be deemed to have elected to have the Loan and Loan Documents satisfied and released at Closing, and Buyer shall promptly notify Sellers of same, in which case Sellers shall promptly provide prepayment notices for the Loans for which such consents have not been obtained in accordance with the terms of the applicable Loan Documents (with a copy to Buyer) to permit such Loan and Loan Documents to be satisfied and released at Closing and the terms of Section 5.4(b)(iii) and Section 6.1 shall otherwise apply with respect to such satisfaction and release. In no event shall the consent of a Lender to the assignment of the Loan to Buyer be one of Buyer’s Conditions Precedent.
Loan and Loan Documents. 13 4.1 Agreement to Borrow and Lend; Lender's Obligation to Disburse. 13 4.2 Loan Documents. 14 4.3 Term of the Loan. 15 4.4
Loan and Loan Documents. Mortgagor has received a copy of and is fully familiar with the terms and provisions of the Financing Agreement and the other Loan Documents. All representations and warranties made by Mortgagor in the Financing Agreement and the other Loan Documents are incorporated herein by reference and are hereby made by Mortgagor as to itself and the Mortgaged Property as though such representations and warranties were set forth at length herein as the representations and warranties of Mortgagor.
Loan and Loan Documents. 11 4.1 Agreement to Borrow and Lend; Lender's Obligation to Disburse........11 4.2
Loan and Loan Documents. 4.1 Agreement to Borrow and Lend; Lender’s
Loan and Loan Documents. 4.1 AGREEMENT TO BORROW AND LEND; LENDER'
Loan and Loan Documents. 4.1 Agreement to Borrow and Lend; Xxxxxx’s Obligation to Disburse.
Loan and Loan Documents. 4.1 Agreement to Borrow and Lend; Lender’s Obligation to Disburse. Lender agrees to make, from time to time during the Term of the Loan, revolving loans (the “Loans”) (sometimes referred to herein as “Revolving Credit Advances”) to Borrower, on the terms and provisions and subject to the conditions of this Agreement and the other Loan Documents. The maximum aggregate principal amount of such Revolving Credit Advances shall not, at any time, exceed Twenty-Five Million Dollars ($25,000,000) (the “Loan Amount”). Subject to the foregoing limitation, and the other terms and provisions of this Agreement, during the Term of the Loan Borrower may borrow and may repay loans hereunder, without any premium, penalty or other charges of any kind whatsoever, and may reborrow any or all of the Loan Amount as provided in Subsection 4.1(b) below.
Loan and Loan Documents. 2 2.1 [INTENTIONALLY OMITTED.]........................................ 2 2.2
