Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

Loan Proceeds means funds disbursed by Lender on account of the Loan and pursuant to this Loan Agreement.

Examples of Loan Proceeds in a sentence

The Manager shall also cause the Company to retain and enter into and, at all times, be a party to written paying agency agreement with a paying agent selected by the Company (the “Paying Agent”), which Paying Agent shall receive and distribute Loan Proceeds in accordance with the applicable Custodial and Paying Agency Agreement.
The Loan Proceeds shall be repayable in full, together with any accrued interest and/or all other unpaid sums arising under the Agreement, in ten (10) equal monthly instalments which the first instalment payable on 31 March 2024 in accordance with the repayment schedule in the Agreement and in any event no later than 29 December 2024.
The interest accruing on the Loan Proceeds shall become due and payable on a monthly basis in accordance with the repayment schedule set out in the Agreement.
Trustor shall maintain complete and accurate books of account and other records (including copies of supporting bills and invoices) adequate to document the use of the Loan Proceeds and the operation of the Property, together with copies of all written contracts, Leases and other instruments which affect the Property.
The Loan Proceeds shall be used solely to fund acquisition of the Property and/or construction of the Project, and closing, escrow and other costs approved by City.

More Definitions of Loan Proceeds

Loan Proceeds means the funds disbursed to the Borrower pursuant to this Agreement and any proceeds thereof.

Loan Proceeds means all of the following: (i) any and all proceeds with respect to any or all of the Loans and any or all of the Underlying Collateral, including principal, interest, default interest, prepayment fees, premiums and charges, extension and exit fees, late fees, assumption fees, other fees and charges, insurance proceeds and condemnation payments (or any portion thereof) that are not used and disbursed to repair, replace or restore the related Underlying Collateral in accordance with the terms of the Loan Documents and the Ancillary Documents, and, with respect to any Acquired Property, operating cash flow realized from such Acquired Property net of Servicing Expenses, whether paid directly to the Company or payable to or distributed by an Ownership Entity; (ii) any and all proceeds from sales or other dispositions or refinancings of any or all of the Loans (including Acquired Property) net of Servicing Expenses incurred in connection with such sale or other disposition or refinancing; (iii) any proceeds from making a draw under any letter of credit or certificate of deposit held with respect to any Loan, provided that such draw is permitted by the terms of the Loan Documents;

Loan Proceeds. All amounts or any portion advanced as part of the Loan, whether advanced directly to Borrower or other parties.

Loan Proceeds has the meaning given that term in the LLC Operating Agreement. “Loan Schedule” has the meaning given that term in the recitals.

Loan Proceeds means the total amount of money to be paid pursuant to Section 2.02 hereof by Lender to (a) Borrower or any Vendor for the Project Costs or (b) Escrow Agent for deposit and application in accordance with the Escrow Agreement.