Common use of Disbursement to Borrower Clause in Contracts

Disbursement to Borrower. Borrower may request and receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid/defeased hereunder in respect of the Loan may not be reborrowed. Each of Borrower and Maryland Owner acknowledges and agrees that the Loan has been fully funded as of the Closing Date.

Appears in 2 contracts

Sources: Loan Agreement (Inland Western Retail Real Estate Trust Inc), Loan Agreement (Inland Western Retail Real Estate Trust Inc)