Project Loan. Developer shall close on the Project Loan contemporaneously with the Closing. Developer, Town, and the Developer’s lender shall have agreed on the form and substance of a multi-party agreement that: (i) reflects certain lender protections required by lender; and (ii) coordinates and prioritizes the rights and remedies of Town and the Project Loan lender (the “Multi-Party Agreement”).
Project Loan. The Loan which may be made by Lender pursuant to the Project Loan Agreement by and between Lender and Borrowers.
Project Loan. 11. The Borrower shall ensure the timely implementation of the Project Loan Agreements.
Project Loan. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, the Bank agrees to make Project Loans to the Borrower(s) from time to time in an aggregate principal amount not to exceed Twenty Million Dollars ($20,000,000) outstanding at any time. In no event shall the Bank be obligated to make a Project Loan in respect of a Project for which there is not then in effect a Project Purchase Agreement, if by making such Project Loan, the aggregate amount of Project Loans (including the Project Loan at issue) in respect of Projects for which there are not then in effect Project Purchase Agreements would be greater than Fifteen Million Dollars ($15,000,000). For purposes of calculating the aggregate amount of Project Loans in the preceding sentence, the maximum principal amounts available thereunder shall be used, and not the then outstanding principal balances thereof. In no event shall the Bank be obligated to make any Project Loan on or after the Project Loan Commitment Expiration Date. Notwithstanding the foregoing, subject to the terms and conditions hereof, the Bank shall fund after the Project Loan Commitment Expiration Date any Project Loan for which the Closing has occurred prior to the Project Loan Commitment Expiration Date.
Project Loan. Either the Project Loan shall have been paid in full or the Project Lender shall have released or terminated that certain Continuing Guaranty from Crestline Capital Corporation in favor of the Project Lender dated as of February 28, 2002, and that certain Replacement Guaranty from Regent Atlanta, LLC in favor of the Project Lender dated as of March 28, 2003.
Project Loan. Subject to the terms and conditions hereof, the Note (as hereinafter defined and made a part of this agreement), the Energy Services Agreement, and the Master Agreement, CHARTER agrees to make advances to NESC as requested to finance the Project (such advances being herein after collectively called the "Loan"). The obligation of NESC to repay to CHARTER the loan shall be evidenced by this Loan Agreement and the attached promissory note, both executed by NESC. Interest on the Loan shall accrue and be payable as provided herein, in the Note and in the Master Agreement.
Project Loan. Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, the Bank agrees to make Project Loans to the Borrower(s) from time to time in an aggregate principal amount not to exceed Ten Million Dollars ($10,000,000) outstanding at any time. The Bank's commitment to make Project Loans shall expire on the Project Loan Commitment Expiration Date. In no event shall the Bank be obligated to make any Project Loan on or after the Project Loan Commitment Expiration Date. Notwithstanding the foregoing, subject to the terms and conditions hereof, the Bank shall fund after the Project Loan Commitment Expiration Date any Project Loan for which the Closing has occurred prior to the Project Loan Commitment Expiration Date. The proceeds of a Project Loan will be advanced to the Borrower thereunder as acquisition and construction of the Project in respect of which such Project Loan is made progresses, in accordance with and subject to the requirements and limitations set forth herein and in the other Project Loan Document for such Project Loan. Proceeds of the Loan shall be allocated to the Projects by the Developer in such manner as the Developer shall determine and the Bank may approve pursuant to Section 2.02
Project Loan. The advances to be made by Lender to Borrower under the Revolving Line for a Project pursuant to the applicable Project Loan Commitment.
Project Loan any Event of Default (as defined in the Project Loan Agreement) occurs; or
