Company Requests for Voluntary Loan Increases. No Senior Noteholder shall be obligated to increase the Loan Amount in excess of its Senior Note Subscription Amount. However, from time to time the Company may request or permit by written notice or announcement to one or more Senior Noteholders, voluntary increases in such Senior Noteholder’s Loan Amounts in excess of their Senior Note Subscription Amounts. Any voluntary increases made by a Senior Noteholder pursuant to this Section 1.2(c) shall be deemed to increase the Loan Amount of such Senior Noteholder by the amount of such voluntary increase, subject to the provisions of Section 2.4 below. The Company may terminate for any or no reason its request for or permission to make voluntary increases in Loan Amounts at any time, with or without notice. Furthermore, the Company may reject for any reason or for no reason a Senior Noteholder’s acceptance of the Company’s request for a voluntary increase in Loan Amounts.
Appears in 5 contracts
Samples: Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Senior Secured Demand Note Purchase Agreement (Iron Bridge Mortgage Fund LLC), Note Purchase Agreement (Iron Bridge Mortgage Fund LLC)
