Common use of No Open-Ended Features and No Future Advances Clause in Contracts

No Open-Ended Features and No Future Advances. The Third Party Loan must not be open-ended. After completion of the Project, the Third Party Lender may not make future advances under the Third Party Loan except for reasonable costs of collection, maintenance, and protection of the Third Party Loan and Third Party Lender Lien.

Appears in 8 contracts

Samples: Third Party Lender Agreement, Third Party Lender Agreement, Third Party Lender Agreement

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No Open-Ended Features and No Future Advances. The Third Party Loan must not be open-ended. After completion of the Project, the Third Party Lender may not make future advances under the Third Party Loan except for reasonable costs of collection, maintenance, and protection of the Third Party Loan and Third Party Lender Lien.Lender’s lien,

Appears in 1 contract

Samples: Third Party Lender Agreement

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