Additional Terms Regarding Advances Clause Samples
The "Additional Terms Regarding Advances" clause sets out specific conditions and requirements that apply to any advances of funds under an agreement. Typically, this clause details the procedures for requesting advances, any limitations on the amounts or frequency, and the obligations of the parties in connection with such advances. For example, it may require the borrower to provide certain documentation or meet specific criteria before an advance is approved. The core function of this clause is to ensure that both parties clearly understand the rules governing advances, thereby reducing the risk of disputes and ensuring proper management of funds.
Additional Terms Regarding Advances. Advances of the Loan shall also be subject to the terms and conditions set forth in Schedule 5.
Additional Terms Regarding Advances. The conditions precedent to closing the Loan, recording the Deed of Trust and making the first advance are set forth in the Closing Checklist. Subsequent advances of the Loan shall be subject to the following additional terms and conditions:
Additional Terms Regarding Advances. 2 Section 2.5 Liability of Lender. 2 Article III Representations and Warranties. 3
Additional Terms Regarding Advances. Advances of Loan B shall also be subject to the terms and conditions set forth in Schedule 1.
Additional Terms Regarding Advances. 8 Section 2.5
Additional Terms Regarding Advances. Other than the Initial Advance made on the date hereof, subsequent Advances of the Junior Loan shall also be subject to the terms and conditions set forth in Schedule 5.
Additional Terms Regarding Advances. Advances of the Loan shall also be subject to the terms and conditions set forth in Schedule G.
Additional Terms Regarding Advances. Other advances previously made under the Original Loan, and, in all instances subject to any Subordination Documentation, subsequent advances of the Loan, shall be subject to the following additional terms and conditions: