Common use of Additional Indebtedness Clause in Contracts

Additional Indebtedness. If any advances or payments made by Lender pursuant to this Agreement or any other Loan Document, together with disbursements of the Loan, shall exceed the aggregate face amount of the Note, all such advances and payments shall constitute additional indebtedness secured by the Mortgage and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.

Appears in 2 contracts

Samples: Construction Loan Agreement (Campus Crest Communities, Inc.), Construction Loan Agreement (Campus Crest Communities, Inc.)

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Additional Indebtedness. If any advances or payments made by Lender Agent or Lenders pursuant to this Agreement or any other Loan Document, together with disbursements of the Loan, shall exceed the aggregate face amount of the NoteNotes, all such advances and payments shall constitute additional indebtedness secured by the Mortgage Deed of Trust and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.

Appears in 2 contracts

Samples: Loan Agreement (Windrose Medical Properties Trust), Loan Agreement (Windrose Medical Properties Trust)

Additional Indebtedness. If any advances or payments made by ------------------------ Lender pursuant to this Agreement or any other Loan Document, together with disbursements of the Loan, shall exceed the aggregate face amount of the NoteNote (other than accrued interest not yet payable), all such advances and payments shall constitute additional indebtedness secured by the Mortgage Loan Documents and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.

Appears in 1 contract

Samples: Loan Agreement (Centiv Inc)

Additional Indebtedness. If any advances or payments made by Lender pursuant to this Agreement or any other Loan Document, together with disbursements of the Loan, shall exceed the aggregate face amount of the Note, all such advances and payments shall constitute additional indebtedness Indebtedness secured by the Mortgage and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.

Appears in 1 contract

Samples: Loan and Security Agreement (Isun, Inc.)

Additional Indebtedness. If any advances or payments made by Lender pursuant to this Agreement or any other Loan Document, together with disbursements of the Loan, shall exceed the aggregate face amount of the Note, all such advances and payments shall constitute additional indebtedness secured by the Mortgage and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.. 10.2

Appears in 1 contract

Samples: Construction Loan Agreement

Additional Indebtedness. If any advances or payments made by Lender pursuant to this Agreement or any other Loan Document, together with disbursements the disbursement of the Loan, shall exceed the aggregate face amount of the Note, all such advances and payments shall constitute additional indebtedness secured by the Mortgage and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid. Nothing in this Section is intended to grant Borrower the right to borrow proceeds of the Loan in excess of $4,000,000.

Appears in 1 contract

Samples: Loan Agreement (Heartland Partners L P)

Additional Indebtedness. If any advances or payments made by Lender pursuant to this Agreement or any of the other Loan Document, together with disbursements of the LoanLoans, shall exceed the aggregate face amount of the Note, all such advances and payments shall constitute additional indebtedness secured by the Mortgage Pledge Agreement and all other security for the LoanLoans, and shall bear interest at the Default Rate from the date advanced until paid.

Appears in 1 contract

Samples: Loan Agreement (MVC Capital, Inc.)

Additional Indebtedness. If any advances or payments made by Lender or Collateral Agent pursuant to this Agreement or any other Loan Document, together with disbursements of the Loan, shall exceed the aggregate face amount of the Loan Note, all such advances and payments shall constitute additional indebtedness Obligations secured by the Mortgage and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.. 9.2

Appears in 1 contract

Samples: Loan and Security Agreement (Applied Digital Corp.)

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Additional Indebtedness. If any advances or payments made by Lender pursuant to this Agreement or any other Loan Document, together with disbursements of the Loan, shall exceed the aggregate face amount of the Note, all such advances and payments shall constitute additional indebtedness secured by the Mortgage Deed of Trust and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.

Appears in 1 contract

Samples: Loan Agreement (Windrose Medical Properties Trust)

Additional Indebtedness. If any advances or payments made by ----------------------- Lender pursuant to this Agreement or any other Loan Document, together with disbursements of the Loan, shall exceed the aggregate face amount of the Note, all such advances and payments shall constitute additional indebtedness secured by the Mortgage and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.

Appears in 1 contract

Samples: Loan Agreement (Sundance Homes Inc)

Additional Indebtedness. If any advances or payments made by Lender pursuant to this Agreement or any other Loan Document, together with disbursements the disbursement of the Loan, shall exceed the aggregate face amount of the Note, all such advances and payments shall constitute additional indebtedness secured by the Mortgage and all other security for the Loan, and shall bear interest at the Default Rate from the date advanced until paid.. 12.2

Appears in 1 contract

Samples: Loan Agreement (Heartland Partners L P)

Additional Indebtedness. If any advances or payments made by Lender pursuant to this Agreement or any other Loan Document, together with disbursements of the LoanLoans, shall exceed the aggregate face amount of the NoteNotes, all such advances and payments shall constitute additional indebtedness secured by the Mortgage and all other security for the LoanLoans, and shall bear interest at the Default Rate from the date advanced until paid.

Appears in 1 contract

Samples: Construction Loan Agreement (Heartland Partners L P)

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