Common use of No Obligation to Advance Clause in Contracts

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.

Appears in 4 contracts

Samples: General Security Agreement (Vista Gold Corp), Loan Agreement (Tengtu International Corp), General Security Agreement (Red Mile Entertainment Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!