Disbursements in Excess of Loan Amount. In the event the total disbursements by Lender exceed the amount of the Loan set forth herein, the total of all disbursements shall, to the extent permitted by the laws of the State of California, constitute part of the Secured Obligations and be secured by the Deed of Trust and other Loan Documents. All other sums expended by Lender pursuant to this Agreement or any of the other Loan Documents shall be deemed to have been paid to Borrower and shall be secured by the Loan Documents.
Appears in 3 contracts
Samples: Loan and Security Agreement (Zhone Technologies Inc), Loan and Security Agreement (Peregrine Real Estate Trust), Loan and Security Agreement (Matrix Pharmaceutical Inc/De)
Disbursements in Excess of Loan Amount. In the event the total disbursements by Lender exceed the amount of the Loan set forth herein, the total of all disbursements shall, to the extent permitted by the laws of the State of California, constitute part of the Secured Obligations and be secured by the Deed of Trust and other Loan Documents. All other sums expended by Lender pursuant to this Agreement or any of the other Loan Documents shall be deemed deemed,to have been paid to Borrower and shall be secured by the Loan Documents.
Appears in 1 contract
Samples: Loan and Security Agreement (Aspect Communications Corp)
