Agreement to Borrow and Lend Sample Clauses

Agreement to Borrow and Lend. Subject to all of the terms, provisions and conditions set forth in this Agreement, Lender agrees to make and Borrower agrees to accept the Loan. Borrower agrees to pay all indebtedness evidenced and secured by the Loan Documents in accordance with the terms thereof.

Agreement to Borrow and Lend. Borrower agrees to borrow from Lender, and Lender agrees to lend to Borrower an amount not to exceed the Loan Amount on the terms of and subject to the conditions of this Agreement.

Agreement to Borrow and Lend. Subject to all of the terms, provisions, conditions, covenants and agreements contained in this Agreement, Lender agrees to make available to Borrower a Loan in the maximum principal amount of up to $1,650,000.00 ("Maximum Loan Amount"). The Loan may be drawn in amounts of not less than $250,000.00 as and when required by Borrower.

Agreement to Borrow and Lend. Subject to all of the terms, provisions, conditions, covenants and agreements contained in this Agreement and in reliance upon the representations and warranties set forth herein, Borrower hereby agrees to borrow from Lender, and Lender agrees to lend to Borrower, the Loan. The Loan shall be repaid by the Borrower in full on the Maturity Date. The Loan is to be used for the repayment in full by the Borrower of the outstanding construction loan encumbering the Project, the repayment of a portion of the equity investment in Borrower by its partners and the payment of certain other third-party expenses of Borrower as set forth herein.

Agreement to Borrow and Lend. Borrower agrees to borrow from Lender, and Lender agrees to lend to Borrower, an amount not to exceed the Loan Amount, on the terms of and subject to the conditions of this Agreement. The Loan is not a revolving facility, and Borrower shall not have the right to re-borrow any portion of the principal balance of the Loan repaid by Borrower.

Agreement to Borrow and Lend. Subject to the terms, provisions and conditions hereof and in reliance on the representations and warranties set forth herein, Lender agrees to lend to Borrower the Commitment.

Agreement to Borrow and Lend. (a) On the terms of and subject to the conditions of this Agreement, Borrowers agree to borrow from Lender, and Lender agrees to lend to Borrowers, an amount not to exceed the Loan Amount. (b) The Loan shall be evidenced by the Note executed by Borrowers jointly and severally and shall be secured by the Mortgages and the Assignments of Rents. The Loan shall be guaranteed by Guarantors pursuant to the Guaranty, and Borrowers and Guarantors shall protect Lender with respect to environmental matters pursuant to the Environmental Indemnity. If Lender extends the Operator Loan to Operators, the Loan shall be secured by the Operator Loan Documents and the Loan Documents shall secure the Operator Loan; provided, however, that notwithstanding any other provision of the Loan Documents or the Operator Loan Documents, (i) if the Loan is repaid at a time when the Operator Loan is outstanding, and if there is no existing Default or Event of Default under any of the Operator Loan Documents, the Operator Loan shall no longer be secured by the liens and encumbrances created under the Loan Documents, and (ii) if the Operator Loan is repaid at a time when the Loan is outstanding, and no there is no existing Default or Event of Default under any of the Loan Documents, the Loan shall no longer be secured by the liens and encumbrances created under the Operator Loan Documents. If Lender does not extend the Operator Loan to Operators, the references in this Agreement and the other Loan Documents to the Operator Loan shall be of no force or effect. (c) The proceeds of the Loan shall be used by Borrowers for the purchase of the Projects and payment or reimbursement of $300,000 of costs for new fire protection sprinkler systems for one or more of the Projects. Notwithstanding any other provision of this Agreement, the amount of the Loan shall not exceed an amount equal to 75% of the aggregate “as is” appraised value of the Projects as shown in the appraisals required by this Agreement. (d) At the Loan Opening, $300,000 of the Loan Proceeds disbursed by Lender shall be deposited in an account at Lender in the name of one or more of Borrowers, to be used for the purpose of paying or reimbursing $300,000 of costs for new fire protection sprinkler systems for one or more of the Projects. Such Loan Proceeds shall commence bearing interest on the date of the Loan Opening. Within 30 days after the Loan Opening, Borrowers shall deposit $80,000 in such account, to be used for such purpose....

Agreement to Borrow and Lend. Subject to all of the terms, -------------------------------- provisions, conditions, covenants and agreements contained in this Agreement, Global agrees to make to MSOL the Loan in the original principal amount of up to $250,000 (the "Aggregate Debt"), of which $100,000 has already been loaned to MSOL by Global.

Agreement to Borrow and Lend. At the request of the Borrower and in reliance on the representations and warranties stated in Clause 2.1, the Bank has agreed to make available and/or to continue to make available to the Borrower the Banking Facilities upon the terms and conditions in the Letter of Offer and this Agreement.