Borrower’s Funds. The words "Borrower's Funds" shall mean and refer to the Borrower's: (i) cash or proceeds other than received from the Lender, (ii) other available funds shown on Borrower's application relied upon by the Lender, and (iii) portion of the Real Property sales price or Costs which are scheduled to be paid by Borrower from other funds set aside and committed, in an amount satisfactory to the Lender.
Appears in 2 contracts
Samples: Acquisition, Disbursement and Development Loan Agreement (Comstock Homebuilding Companies, Inc.), Disbursement and Development Loan Agreement (Comstock Homebuilding Companies, Inc.)
Borrower’s Funds. The words "Borrower's Funds" shall mean and refer to the Borrower's: (i) cash or proceeds other than received from the Lender, (ii) other available funds shown on Borrower's application and Financial Statements relied upon by the Lender, and (iii) portion of the Real Property sales purchase price or and development Costs of the Real Property which are scheduled to be paid by Borrower from other non-loaned funds set aside and committed, in an amount satisfactory to the Lender.
Appears in 2 contracts
Samples: Acquisition, Disbursement and Development Loan Agreement (Comstock Homebuilding Companies, Inc.), Disbursement and Development Loan Agreement (Comstock Homebuilding Companies, Inc.)
Borrower’s Funds. The words "Borrower's Funds" shall mean and refer to the Borrower's and the Owner's: (i) cash or proceeds other than received from the Lender, (ii) other available funds shown on Borrower's application and Financial Statements relied upon by the Lender, and (iii) portion of the Real Property sales price or Costs which are scheduled to be paid by Borrower from other funds set aside and committed, in an amount satisfactory to the Lender.
Appears in 1 contract
Samples: Refinance, Development and Disbursement Loan Agreement (Interstate General Co L P)
