No Readvances Clause Samples
No Readvances. The Borrower understands and agrees that the Note is not a revolving note and that on any prepayment of principal, such prepaid amount will not be readvanced.
No Readvances. It is understood that the Note is not a revolving note and that on any prepayment of principal, such prepaid amount will not be readvanced.
No Readvances. 2 2.4 Prepayments......................................2
No Readvances. Advances on account of the Construction Loan once repaid by the Borrower will not be readvanced by the Credit Union.
No Readvances. The Consolidated Loan shall not be a revolving credit and Borrowers shall not be entitled to redraw upon or to obtain readvances of any principal advanced to Borrowers by the Lender and repaid to the Lender hereunder. As of the date hereof the Consolidated Loan has been fully advanced.
No Readvances. The Term Loan shall not be a revolving credit and Borrowers shall not be entitled to redraw upon or to obtain readvances of any principal advanced to the Borrowers by the Lender and repaid to the Lender hereunder. As of October 31, 1995 the Term Loan has been fully advanced.