Common use of Draw Requests Clause in Contracts

Draw Requests. As a condition to each draw request or other request for an advance hereunder and each receipt of the funds requested thereby, Borrowers’ representations and warranties set forth in this Agreement shall be true and correct as of the date of the draw request or other request for an advance and, unless Lender is notified to the contrary prior to the disbursement of the advance requested, will be so on the date of the disbursement.

Appears in 3 contracts

Samples: Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

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Draw Requests. As a condition to each draw request or other request for an advance hereunder and each receipt of the funds requested thereby, Borrowers’ Borrower’s representations and warranties set forth in this Agreement shall be true and correct as of the date of the draw request or other request for an advance and, unless Lender is notified to the contrary prior to the disbursement of the advance requested, will be so on the date of the disbursement.

Appears in 3 contracts

Samples: Term Loan Agreement, Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

Draw Requests. As a condition to each The draw request or other request for an advance of the Earn-Out Amount hereunder and each receipt of the funds requested thereby, Borrowers’ thereby shall constitute Borrower’s affirmation that Borrower’s representations and warranties set forth in this Agreement shall be are true and correct as of the date of the draw request or other request for an advance and, unless Lender is notified to the contrary prior to the disbursement of the advance requested, will be so on the date of the disbursement.

Appears in 1 contract

Samples: Term Loan Agreement (Inland Real Estate Income Trust, Inc.)

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Draw Requests. As a condition to each Each draw request or other request for an advance Advance hereunder and each receipt of the funds requested thereby, Borrowers’ thereby shall constitute Borrower’s affirmation that Borrower’s representations and warranties set forth in this Agreement shall be are true and correct as of the date of the draw request or other request for an advance Advance and, unless Lender is notified to the contrary prior to the disbursement of the advance Advance requested, will be so on the date of the disbursement.

Appears in 1 contract

Samples: Loan Document Amendment (Resource Real Estate Opportunity REIT, Inc.)

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