Funds of Lender. Any funds of Lender used for any purpose referred to in this Article VI shall constitute Advances secured by the Loan Documents and shall bear interest at the Default Rate specified in the Note.
Appears in 3 contracts
Samples: Loan Agreement (Medical Properties Trust Inc), Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Loan Agreement (Medical Properties Trust Inc)
Funds of Lender. Any funds of Lender used for any purpose referred to in this Article VI V shall constitute Advances secured by the Loan Documents and shall bear interest at the Default Rate rate specified in the NoteNote to be applicable after default thereunder.
Appears in 2 contracts
Samples: Disbursement Agreement (Campus Crest Communities, Inc.), Secured Construction Loan Agreement (Campus Crest Communities, Inc.)
Funds of Lender. Any funds of Lender used for any purpose referred to in this Article VI V, shall constitute Advances secured by the Loan Documents and shall bear interest at the Default Rate rate specified in the NoteNote to be applicable after default thereunder.
Appears in 2 contracts
Samples: Construction Loan Agreement (Campus Crest Communities, Inc.), Construction Loan Agreement (Campus Crest Communities, Inc.)
