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 2.1.5 hereof.
Appears in 3 contracts
Samples: Management Agreement (ESH Hospitality LLC), Mezzanine B Loan Agreement (BRE Select Hotels Corp), Mezzanine a Loan Agreement (BRE Select Hotels Corp)
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 2.1.5 hereof.------- 2.2. ---
Appears in 2 contracts
Samples: Loan Agreement (Prentiss Properties Trust/Md), Loan Agreement (Prentiss Properties Trust/Md)
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 2.1.5 hereof2.1.
Appears in 2 contracts
Samples: Business Loan Agreement (NV5 Holdings, Inc.), Loan Agreement (Invitation Homes Inc.)
Loan Proceeds. Borrower and the other Loan Parties Borrowers shall use the proceeds of the Loan received by it Borrowers on the Closing Date only for the purposes set forth in Section 2.1.5 2.1.4 hereof.
Appears in 2 contracts
Samples: Loan Agreement (Cole Credit Property Trust Inc), Loan Agreement (Cole Credit Property Trust III, Inc.)
Loan Proceeds. Borrower 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 2.1.5 2.1.2 hereof.
Appears in 1 contract
Samples: Loan Agreement (Starwood Hotel & Resorts Worldwide Inc)
Loan Proceeds. Borrower and the other Loan Parties 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 2.1.5 hereofand Section 2.1.6.
Appears in 1 contract
Loan Proceeds. Each 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 2.1.5 hereof2.1.6.
Appears in 1 contract
Samples: Loan Agreement (Prime Retail Lp)
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 2.1.5 2.2 hereof.
Appears in 1 contract
Samples: Loan Agreement (Bristol Hotel Co)
