Common use of The Initial Loan Clause in Contracts

The Initial Loan. Lender shall make Advances of the Initial Loan from and after the date hereof and prior to the Conversion Date, in accordance with, and subject to the terms and conditions of, the BLA. The Initial Loan shall be used solely to pay BLA Costs in the BLA Budget and other amounts as provided in the BLA.

Appears in 2 contracts

Sources: Loan Agreement (Brookdale Living Communities Inc), Loan Agreement (Brookdale Living Communities Inc)