Further Advances Sample Clauses

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 7.1.6 (Involuntary Bankruptcy, etc.) above, 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.
AutoNDA by SimpleDocs
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 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 Sections 7.1.5 (Receiver; Bankruptcy) or 7.1.6 (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 the 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. 9.1 If you ask us to make further advances to you and we agree, then those further advances:
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. 3.4 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. 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.
AutoNDA by SimpleDocs
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 7.1.7 (InvoluntaryBankruptcy, etc.) above, the Revolving Credit Commitments, the Letter of Credit Commitments, the Bond Letter of Credit Commitments and any agreement in any of the Financing Documents to provide additional credit and/or to issue Letters of Credit and/or Bond 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 the Borrower.
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.
Further Advances. We are not obliged to make any further advances to the borrower. If the borrower requests and we agree to make any other loan advances in the future, the borrower will enter into another Commercial Facility Contract with us, made up of the Commercial Facility Details document and the Commercial Facility Terms. The Commercial Facility Details will set out the details of any new loan advance. We may, but are not required to, provide you with another copy of the Commercial Facility Terms. Any security that we take in this contract over the secured property will extend to every loan that you have with us.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!