Common use of To the Borrower Clause in Contracts

To the Borrower. The Borrower may repay and reborrow under the Loan Commitment subject to the terms and conditions of this Agreement. The aggregate amount of Loan Advances outstanding under the Loan Commitment shall at no time exceed the sum of $10,000,000.00. The Loan Commitment shall terminate on the Maturity Date at which time no further Loan Advances shall be made by the Bank. Requests for Loan Advances under this Agreement may be made by the Borrower at any time, and from time to time, prior to the Maturity Date.

Appears in 1 contract

Sources: Loan Agreement (Brookdale Living Communities Inc)

To the Borrower. The Borrower may repay and reborrow under the Loan Commitment subject to the terms and conditions of this Agreement. The aggregate amount of Loan Advances outstanding under the Loan Commitment shall at no time exceed the sum of Thirty Five Million Dollars ($10,000,000.0035,000,000.00) ("Maximum Revolving Loan Commitment"). The Loan Commitment shall terminate on the Maturity Date at which time no further Loan Advances shall be made by the Bank. Requests for Loan Advances under this Agreement may be made by the Borrower at any time, and from time to time, prior to the Maturity Date.

Appears in 1 contract

Sources: Loan Agreement (Brookdale Living Communities Inc)

To the Borrower. The Borrower may repay and reborrow under the Loan Commitment subject to the terms and conditions of this Agreement. The aggregate amount of Loan Advances outstanding under the Loan Commitment shall at no time exceed the sum of $10,000,000.0015,000,000.00. The Loan Commitment shall terminate on the Maturity Date at which time no further Loan Advances shall be made by the Bank. Requests for Loan Advances under this Agreement may be made by the Borrower at any time, and from time to time, prior to the Maturity Date.

Appears in 1 contract

Sources: Loan Agreement (Brookdale Living Communities Inc)