Maximum Commitment. Should the unpaid Revolving Principal Balance at any time exceed the Maximum Commitment, Lender’s obligation to fund any Advances shall immediately cease. After Lender notifies Borrower in writing of the deficiency, Borrower shall, within ten (10) Business Days from and after the giving of such notice, prepay the Debt in an amount sufficient to reduce the Revolving Principal Balance to an amount equal to or less than the Maximum Commitment.
Appears in 4 contracts
Samples: Construction Loan Agreement (United Development Funding IV), Construction Loan Agreement (United Development Funding IV), Construction Loan Agreement (United Development Funding IV)
