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 and Security Agreement (American Financial Realty Trust), Second Mezzanine Loan Agreement (Harrahs Entertainment Inc), Loan Agreement (Harrahs Entertainment 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 127 contracts

Samples: Loan Agreement (Global Net Lease, Inc.), Senior Mezzanine Loan Agreement (Ashford Hospitality Prime, Inc.), Loan Agreement (U-Store-It 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 2.1.42.1.5.

Appears in 34 contracts

Samples: Loan Agreement (Invitation Homes Inc.), Loan Agreement (Altisource Residential Corp), Loan Agreement (American Homes 4 Rent)

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: First Mezzanine Loan Agreement (Morgans Hotel Group Co.), Second Mezzanine Loan Agreement (Morgans Hotel Group Co.), 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 Diversified Real Estate 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 (Highland Hospitality Corp), Loan Agreement (Maguire Properties Inc), Loan Agreement (Prime Retail Lp)

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: Mezzanine Loan Agreement (Cole Credit Property Trust Inc), Mezzanine Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Cole Office & Industrial REIT (CCIT II), 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 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: Loan Agreement (Maguire Properties Inc), Pledge and Security Agreement (MPG Office Trust, Inc.), Pledge and Security Agreement (MPG Office Trust, 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 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 (Desert Springs Marriott Limited Partnership), 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 2.1.4.. 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 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)

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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 2.1.4.2.2. (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 2.1.4.

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 2.1.42.1.5 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 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 2.1.42.01(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 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 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.)

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