Common use of Funds of Lender Clause in Contracts

Funds of Lender. Any funds of Lender used for any purpose referred to in this Article VIII shall constitute a portion of the Obligation, shall bear interest from the date advanced at the Default Rate, shall be secured by all collateral as security for the Loan and shall be due and payable immediately upon demand.

Appears in 2 contracts

Samples: Loan Agreement (Sky Harbour Group Corp), Loan Agreement (Sky Harbour Group Corp)

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Funds of Lender. Any funds of Lender used for any purpose referred to in this Article ARTICLE VIII shall constitute a portion of the Obligation, shall bear interest from the date advanced at the Default Rate, shall be secured by all collateral as security for the Loan and shall be due and payable immediately upon demand.

Appears in 2 contracts

Samples: Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp), Construction Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

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