The Loan Facilities Clause Samples

The Loan Facilities. 2.1. The Revolving Loan Facility to the Company.

The Loan Facilities. 21 Section 2.1. Commitment to Lend. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section 2.2. Facility Fee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The Loan Facilities. 2.1. The Facility Agreement provides for a term loan facility in an aggregate amount equal to a maximum sum which is to be agreed (the Loan). 2.2. The Loan is being made to the Borrower for the purpose of developing Affordable Housing Dwellings (the Development or Developments). It is specified in the Facility Agreement that no monies can be used for any purposes other than Affordable Housing, in accordance with the Initial Cashflow Model prepared by the Lender. 2.3. The Developments must be used for Affordable Housing Use based on blended rent levels set at 65% market rent levels, being to provide housing to households whose needs are not adequately met on the open market including social, affordable or intermediate housing; and are to be built out in accordance with the Specifications to be provided by the Borrower and attached to the Facility Agreement.

The Loan Facilities. 5039 Section 2.1 The Term Loans 5039 Section 2.2 Revolving Credit Commitments 5141 Section 2.3 Letters of Credit 5141

The Loan Facilities. 17 Section 2.1. COMMITMENT TO LEND.. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The Loan Facilities. (a) Subject to and upon the terms and conditions set forth herein, each Term Lender severally agrees to make, on the Closing Date, loans (each a “Term Loan” and, collectively, the “Term Loans”) to the Borrower, which Term Loans shall (i) be incurred pursuant to a single drawing on the Closing Date, (ii) subject to the provisions of Section 2.1(c) at the option of the Borrower, be Eurodollar Loans or Base Rate Loans, (iii) be made and maintained in U.S. Dollars, (iv) not exceed the amount of the Term Commitment for such Term Lender and (v) mature on the Term Loan Maturity Date; provided that in no event shall the aggregate amount of the Term Commitments exceed $675,000,000. The Term Loans are available only on the terms and conditions specified hereunder, and once repaid, in whole or in part, at maturity or by prepayment, may not be reborrowed in whole or in part. (b) Subject to and upon the terms and conditions set forth herein, each Revolving Lender severally agrees to make revolving credit loans (each a “Revolving Loan” and, collectively, the “Revolving Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s L/C Exposure then outstanding, does not exceed the amount of such Lender’s Revolving Commitment. Such Revolving Loans shall (i) subject to the provisions of Section 2.1(c) at the option of the Borrower, be Eurodollar Loans or Base Rate Loans, (ii) be made and maintained in U.S. Dollars, and (iii) mature on the Revolving Termination Date; provided that in no event shall the aggregate amount of the Revolving Commitments exceed $20,000,000. During the Revolving Commitment Period the Borrower may use the Revolving Commitments by borrowing Revolving Loans, prepaying Revolving Loans in whole or in part, and reborrowing Revolving Loans, all in accordance with the terms and conditions hereof. (c) The Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Section 2.2 or Section 2.6, as applicable.

The Loan Facilities