Funds of Lender. Any funds of Lender used for any purpose referred to in this Article 5 shall constitute Advances secured by the Loan Instruments and shall bear interest at the rate specified in the Renovation Note to be applicable after default hereunder.
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Samples: Acquisition and Construction Loan Agreement (Mego Financial Corp), Loan Agreement (Mego Financial Corp)
Funds of Lender. Any funds of Lender used for any purpose referred to in this Article 5 shall constitute Advances secured by the Loan Instruments Documents and shall bear interest at the rate specified in the Renovation Construction Note to be applicable after default hereunder.
Appears in 1 contract
Samples: Construction Loan Agreement (Silverleaf Resorts Inc)
Funds of Lender. Any funds of Lender used for any purpose referred to in this Article 5 shall constitute Advances advances secured by the Loan Instruments Documents and shall bear interest at the rate specified in the Renovation Note to be applicable after default hereunderthereunder.
Appears in 1 contract
Samples: Loan Agreement (Lancer Corp /Tx/)
Funds of Lender. Any funds of Lender used for any purpose referred to in this Article 5 shall constitute Advances secured by the Loan Instruments and shall bear interest at the rate specified in the Renovation Note to be applicable after default hereunderthereunder.
Appears in 1 contract
