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 purchase price and development Costs of the Real Property which are scheduled to be paid by Borrower from 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: (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 purchase sales price and development or Costs of the Real Property which are scheduled to be paid by Borrower from non-loaned other funds set aside and committed, in an amount satisfactory to the Lender.
Appears in 2 contracts
Samples: Disbursement and Development Loan Agreement (Comstock Homebuilding Companies, Inc.), Acquisition, 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 purchase sales price and development or Costs of the Real Property which are scheduled to be paid by Borrower from non-loaned 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)
