Common use of Time of Payment of Fees and Expenses Clause in Contracts

Time of Payment of Fees and Expenses. Borrower shall pay all expenses and fees incurred by Lender as of the Loan Closing as described in Section 7.1 above on the Loan Closing Date (unless sooner required herein). At the time of the Loan Closing, Lender may pay from the proceeds of the initial disbursement of the Loan (to the extent provided for in the Budget) all Loan expenses. Lender may require the payment of outstanding fees and expenses as a condition to any disbursement of the Loan. Lender is hereby authorized, without any specific request or direction by Borrower, to make disbursements from time to time in payment of or to reimburse Lender for all such Loan expenses and fees (whether or not, at such time, there may be any undisbursed amounts of the Loan allocated in the Budget for the same).

Appears in 2 contracts

Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)

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Time of Payment of Fees and Expenses. Borrower shall pay all expenses and fees incurred by Lender as of the Loan Closing as described in Section 7.1 above Opening on the Loan Closing Opening Date (unless sooner required herein). At the time of the Loan ClosingOpening of the Loan, Lender may pay from the proceeds of the initial disbursement of the Loan (to the extent provided for in the Budget) all Loan expenses. Lender may require the payment of Lender's outstanding fees and expenses as a condition to any disbursement of the Loan. Lender is hereby authorized, without any specific request or direction by Borrower, to make disbursements from time to time in payment of or to reimburse Lender for all such Loan expenses and fees (whether or not, at such time, there may be any undisbursed amounts of the Loan allocated in the Budget for the same).

Appears in 1 contract

Samples: Construction Loan Agreement (Medical Properties Trust Inc)

Time of Payment of Fees and Expenses. Borrower shall pay all expenses and fees incurred by Lender as of the Loan Closing as described in Section 7.1 above Opening on the Loan Closing Opening Date (unless sooner required herein). At the time of the Loan ClosingOpening of the Loan, Lender may pay from the proceeds of the initial disbursement of the Loan (to the extent provided for in the Budget) all Loan expensesexpenses and all fees payable to Lender. Lender may require the payment of outstanding fees and expenses as a condition to any disbursement of the Loan. Lender is hereby authorized, without any specific request or direction by Borrower, to make disbursements from time to time in payment of or to reimburse Lender for all such Loan expenses and fees (whether or not, at such time, there may be any undisbursed amounts of the Loan allocated in the Budget for the same).

Appears in 1 contract

Samples: Construction Loan Agreement (American Leisure Holdings, Inc.)

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Time of Payment of Fees and Expenses. Borrower shall pay all expenses and fees incurred by Lender as of the Loan Closing as described in Section 7.1 above Opening on the Loan Closing Opening Date (unless sooner required herein). At the time of the Loan ClosingOpening of the Loans, Lender may pay deduct from the proceeds of the initial disbursement of the Loan (Loans all expenses relating to the extent provided for in the Budget) Loans and all Loan expensesfees payable to Lender. Lender may require the payment of outstanding fees and expenses as a condition to any disbursement of the LoanLoans. Lender is hereby authorized, without any specific request or direction by Borrower, to make disbursements from time to time in payment of or to reimburse Lender for all such Loan expenses relating to the Loans and fees (whether or not, at such time, there may be any undisbursed amounts of the Loan allocated in the Budget for the same)fees.

Appears in 1 contract

Samples: Loan Agreement (Origin Bancorp, Inc. Attn: Chase Anderson)

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