Further Advances. The Lender may from time to time without notice to the Borrowers suspend, terminate or limit any further loans or other extensions of credit under this Agreement and under any of the other Financing Documents. Further, upon the occurrence of an Event of Default or Default specified in Sections 7.1.5 (Receiver; Bankruptcy) or 7.
Further Advances. Lender may from time to time without notice to Borrowers suspend, terminate or limit any further advances, loans or other extensions of credit under the Commitment, under this Agreement and/or under any of the other Financing Documents. Further, upon the occurrence of an Event of Default or Default specified in Section 7.1.6 (Receiver; Bankruptcy) or Section 7.1.7 (Involuntary Bankruptcy, etc.), the Revolving Credit Commitment and any agreement in any of the Financing Documents to provide additional credit and/or to issue Letters of Credit shall immediately and automatically terminate and the unpaid principal amount of the Notes (with accrued interest thereon) and all other Obligations then outstanding, shall immediately become due and payable without further action of any kind and without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by Borrowers.
Further Advances. If at a future date the Seller elects not to repurchase any Mortgage Loan which becomes the subject of a Further Advance from the Mortgages Trustee, the Seller will be solely responsible for funding any such Further Advance and, subject to the provisions of this Deed, upon the making of such Further Advance by the Seller, the aggregate Current Balance of the Mortgage Loans constituting the Trust Property and the Seller Share of the Trust Property shall be increased by an amount equal to the amount of the Further Advance paid to the relevant Borrower.
Further Advances. The Lender may from time to time without notice to the Borrowers suspend, terminate or limit any further advances, loans or other extensions of credit under the Commitments, under this Agreement and/or under any of the other Financing Documents. Further, upon the occurrence of an Event of Default or Default specified in Section 7.1.6 (Receiver; Bankruptcy) or Section 7.1.7 (Involuntary Bankruptcy, etc.), the Revolving Credit Commitment and any agreement in any of the Financing Documents to provide additional credit shall immediately and automatically terminate and the unpaid principal amount of the Notes (with accrued interest thereon) and all other Obligations then outstanding, shall immediately become due and payable without further action of any kind and without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by the Borrowers.
Further Advances. 9.1 If you ask us to make further advances to you and we agree, then those further advances:
a. are governed by this agreement and these terms and conditions;
b. are secured to us by each security interest and mortgage that you give us;
c. and the details regarding repayment of those further advances will be set out in a change disclosure statement.
9.2 If you have applied to us in writing for a further advance then you agree that the application signed by you, this agreement and change disclosure statement to be given to you will be sufficient to record your obligation to repay the further advances without the need for any further documentation.
9.3 If there is a guarantor, then any application for a further advance must be consented to by each guarantor. When consenting to the application each guarantor will be acknowledging that the guarantee applies to the further advance.
9.4 Just because we provide for further advances doesn’t mean that we must make them if you apply for one. We have the right not to approve any further advance or to make any further advance on such additional terms and conditions as we think fit.
Further Advances. The Agent may from time to time without notice to the Borrower suspend, terminate or limit any further advances, loans or other extensions of credit under the Commitment, under this Agreement and/or under any of the other Financing Documents. Further, upon the occurrence of an Event of Default specified in Sections 7.1.6 (Receiver; Bankruptcy) or 7.
Further Advances. 8.1.1 If a Borrower seeks a further advance, the Administrators shall promptly (and in any event within three Business Days of the receipt of such request) notify the Issuer and the relevant Legal Title Holder of such request and provide them with all details of such request which are available to them.
8.1.2 If, pursuant to Clause 8.1.1, the relevant Administrator on behalf of the Issuer is not willing, or is unable, to make such further advance as a Discretionary Further Advance but the relevant Legal Title Holder decides that it wishes to make a further advance to that Borrower (although it is not obliged to do so), the relevant Legal Title Holder may by notice to the Issuer and the Trustee (with a copy to the relevant Administrator) only make the further advance to the Borrower on the basis that the advance will be secured by a second mortgage or charge over the Property in question in favour of the relevant Legal Title Holder ranking after the Mortgage in point of priority.
8.1.3 If the relevant Legal Title Holder makes a further advance on the security of a second mortgage or charge over the relevant Property, the Trustee and the Issuer in accordance with their respective estates and interests shall be deemed to consent to the creation of any such second mortgage or charge made in accordance with paragraphs (a), (b) and (c) below pursuant to the Mortgage Conditions and the Trustee and the Issuer (and in the case of paragraph (c) below, the relevant Legal Title Holder) shall at the expense of the relevant Legal Title Holder:
(a) within seven days of receipt from the relevant Legal Title Holder of notice that it intends to make a further advance, execute and deliver or instruct and authorise the relevant Administrator to execute and deliver to the relevant Legal Title Holder a letter of consent in such form as the relevant Legal Title Holder shall require;
(b) promptly give, or authorise the relevant Administrator to give, the relevant Legal Title Holder access to the Mortgage Deeds or copies thereof to enable the relevant Legal Title Holder to make any investigations which it requires prior to making the further advance; and
(c) promptly execute all documents and do all things reasonably considered necessary or desirable to facilitate the creation of such second mortgage or charge and to postpone all rights of the relevant Legal Title Holder thereunder to those present and future rights of the Issuer and the Trustee in the Mortgage including, for the ...
Further Advances. Notwithstanding the provisions of clause 3.1, the Bank hereby acknowledges that the Counterparty may from time to time effect Further Advances in respect of Mortgages.
Further Advances. On the request of Trustor or its permitted ---------------- successors in ownership of the Land, Beneficiary may, at its option, at any time before full payment of the Indebtedness, make further advances to Trustor or the successors in ownership, with interest and late charges to be secured by this Deed of Trust. However, the amount of principal secured by this Deed of Trust and remaining unpaid will not at the time of and including any advance exceed the original principal sum secured. Also, if Beneficiary, at its option, makes a further advance or advances, Trustor or the successors in ownership agree to execute and deliver to Beneficiary a note, payable on or before the maturity of the Indebtedness secured and bearing any other terms that Beneficiary will require.
Further Advances. The Secured Obligations extend to and include, and the Grantor Security Interests therefore extend to and are security for, any further advances made under any of the Interim Documents whether or not contemplated by any party to this Agreement or by any other person when this Agreement is executed.
