No Obligation to Advance. Nothing herein contained shall in any way obligate the Collateral Agent to advance any funds, or otherwise make or continue to make any credit available, to the Corporation.
No Obligation to Advance. The preparation, execution or registration of this Charge will not bind us to advance the Principal Amount, nor will the advance of a part of the Principal Amount bind us to advance or readvance any other portion of the Principal Amount, or allow you to make any other indebtedness or liability to us, but nevertheless the security on the Property shall take effect immediately on execution of this Charge by you.
No Obligation to Advance. Nothing herein contained shall in any way obligate the Secured Party to advance any funds, or otherwise make or continue to make any credit available, to the Debtor.
No Obligation to Advance. The Association shall have no obligation to advance an Equity Loan to the Member. Whether the Association does so, and whether the Association does so in one advance or several draws, the timing of the advance and any draws, and the amount of any Equity Loan, shall be in the sole discretion of the Association, provided that the amount of the Equity Loan shall not, in any event, exceed the lesser of 50% of the increase in the fair market value in all of the Livestock in the Member’s possession, or the Member’s Contingency Interest, at the time of the advance of the Equity Loan. Fair market value, and the amount of the Member’s Contingency Interest, shall be determined by the Association’s local supervisor.
No Obligation to Advance. The Debtor acknowledges and agrees that none of the preparation, execution or registration of notice of this Security Agreement will bind the Secured Party to advance the monies hereby secured nor will the advance of a part of the monies hereby secured bind the Secured Party to advance any unadvanced portion thereof.
No Obligation to Advance. Neither the execution nor delivery of this Agreement will obligate the Creditor to advance any moneys to the Debtor.
No Obligation to Advance. Neither the execution nor delivery of this Agreement, in and of itself, shall obligate the Lenders to make any advance to the Borrower hereunder.
No Obligation to Advance. None of the preparation, execution, perfection or registration of this Agreement nor the making of any Advance will bind the Secured Party to advance, continue, extend time for payment of, or accept anything which constitutes or would constitute a Secured Obligation, all of which will remain in the discretion of the Secured Party.
No Obligation to Advance. Notwithstanding anything in this agreement or in the Debenture contained, the Secured Party shall not be obligated thereby to make any loan or other extension of credit or further loan or extension of credit or to extend any time for payment or performance of all or any part of the Obligations.
No Obligation to Advance. The Bank is not bound to advance or re-advance all or any part of the monies secured by the Charge, notwithstanding that the Charge has been prepared, executed or registered or the Borrower has authorized its registration, or that all or part of the principal monies secured by the Charge have been advanced. All advances are to be made in such manner, at such times and in such amounts as the Bank in its sole discretion may determine. The Bank may deduct from any advance any Taxes that are due, any interest that is due and payable on the date of the advance, any legal fees and disbursements (and all applicable taxes) for preparing and registering the Charge, Costs relating to the approval, preparation or registration of the Charge or Credit Agreements, Costs respecting appraisals, inspections, mortgage insurance and title insurance and any other Costs owing to the Bank by the Borrower. Even though the Bank has not advanced all or part of the monies secured by the Charge, this Charge takes effect immediately upon the Borrower signing the Charge, and all costs and expenses owing by the Borrower under the Charge and all Costs incurred or paid by the Bank shall be payable by the Borrower immediately on demand, and if unpaid shall bear interest as provided for in Section 4 of this set of mortgage covenants, and together with such interest shall be added to and form part of the Liabilities secured by the Charge and form a charge on the Lands.
