Common use of Initial Advances Clause in Contracts

Initial Advances. 2.2.1. Loan Advances shall be used by Xxxxxx to pay, or reimburse Borrower for, closing costs listed in the Schedule of Closing Costs (Exhibit 2) attached to and made a part of this Loan Agreement, except that Loan Advances will only be used to pay origination fees in an amount not exceeding $1,800. 2.2.2. Loan Advances shall be used by Xxxxxx to discharge the liens on the Property listed in the Schedule of Liens (Exhibit 2) attached to and made a part of this Loan Agreement. 2.2.3. Lender shall pay an initial Loan Advance to Borrower in the amount indicated on the attached payment plan (Exhibit 1). 2.2.4. Initial advances required by this Section 2.2. shall be made as soon as such advances are permitted by the applicable provisions of 12 CFR Part 226 (Truth in Lending) governing Xxxxxxxx's right of rescission, but not before that time.

Initial Advances. 2.2.10.0.0. Loan Xxxx Advances shall be used by Xxxxxx to pay, or reimburse Borrower for, closing costs listed in the Schedule of Closing Costs (Exhibit 2) attached to and 4330.1 REV-5 APPENDIX 68 made a part of this Loan Agreement, except that Loan Advances will only be used to pay origination fees in an amount not exceeding $1,800equal to one percent (1%) of the maximum claim amount. 2.2.20.0.0. Loan Xxxx Advances shall be used by Xxxxxx to discharge the liens on the Property property listed in the Schedule of Liens (Exhibit 2) attached to and made a part of this Loan AgreementLiens. 2.2.3. Lender shall pay an initial Loan Advance to Borrower in the amount indicated on the attached payment plan (Exhibit 1)plan. 2.2.4. Initial advances required by this Section 2.2. shall be made as soon as such advances are permitted by the applicable provisions of 12 CFR Part 226 (Truth in Lending) governing XxxxxxxxBorrower's right of rescission, but not before that time.

Initial Advances. 2.2.10.0.0. Loan Xxxx Advances shall be used by Xxxxxx Lender to pay, or reimburse Borrower for, closing costs listed in the Schedule of Closing Costs (Exhibit 2) attached to and 4330.1 REV-5 APPENDIX 68 made a part of this Loan Agreement, except that Loan Advances will only be used to pay origination fees in an amount not exceeding $1,800equal to one percent (1%) of the maximum claim amount. 2.2.20.0.0. Loan Xxxx Advances shall be used by Xxxxxx Lender to discharge the liens on the Property property listed in the Schedule of Liens (Exhibit 2) attached to and made a part of this Loan AgreementLiens. 2.2.3. Lender shall pay an initial Loan Advance to Borrower in the amount indicated on the attached payment plan (Exhibit 1)plan. 2.2.4. Initial advances required by this Section 2.2. shall be made as soon as such advances are permitted by the applicable provisions of 12 CFR Part 226 (Truth in Lending) governing XxxxxxxxBorrower's right of rescission, but not before that time.

Initial Advances. 2.2.1. Loan Advances shall be used by Xxxxxx Lender to pay, or reimburse Borrower for, closing costs listed in the Schedule of Closing Costs (Exhibit 2) attached to and made a part of this Loan Agreement, except that Loan Advances will only be used to pay origination fees in an amount not exceeding $1,800. 2.2.2. Loan Advances shall be used by Xxxxxx Lender to discharge the liens on the Property listed in the Schedule of Liens (Exhibit 2) attached to and made a part of this Loan Agreement. 2.2.3. Lender shall pay an initial Loan Advance to Borrower in the amount indicated on the attached payment plan (Exhibit 1). 2.2.4. Initial advances required by this Section 2.2. shall be made as soon as such advances are permitted by the applicable provisions of 12 CFR Part 226 (Truth in Lending) governing XxxxxxxxBorrower's right of rescission, but not before that time.