READVANCES. In the event the Loan and/or the Guarantor Mortgage do not already specify then the following provision shall be added to the loan terms and the Loan and Guarantor Mortgage shall be considered as amended: When not in default, the Borrower may request, and the Credit Union may, in its absolute and sole discretion, re-advance any principal portion of the within loan which has been repaid by the Borrower to the Credit Union, but only to the extent that the principal balance outstanding after such Readvance shall not exceed the amount of the principal sum secured. The Borrower and Guarantor agree that notwithstanding that the loan may be reduced and readvances made, this Guarantor Mortgage secures all sums ultimately due and owing by the Borrower and Guarantor to the Credit Union in respect of this loan, including any readvance of principal monies made by the Credit Union to the Borrower at any time, following execution of an Amendment Agreement – Readvance on Guarantor Mortgage. No change to the terms of repayment, the obligations of the Borrower, or the manner of payment or the amount of interest shall operate as a release or discharge of the Guarantor Mortgage or other security.
READVANCES. Readvance to pay the principal amount currently outstanding under the Eurodollar Loan which matures on ________ in the amount of $________ by initiating a readvance of $________ at the Eurodollar Base Rate of ____% plus 2.00% for a period of [1][2][3][6] months until maturity on ________________.
READVANCES. Available funds appropriated by the Secretary of the Treasury to the Dam Fund for replacements related to the BCP pursuant to the Boulder Canyon Project Act and the Boulder Canyon Project Adjustment Act. These funds are only readvanced to the Dam fund if requested by the Secretary of the Interior.
READVANCES. Reclamation may request readvances from the Treasury for each Fiscal Year to cover all or some portion of the total cost of replacements required for the BCP pursuant to Section 5 of the Boulder Canyon Project Adjustment Act. It is recognized that budget priorities or constraints may prevent Reclamation from requesting or obtaining such readvances. Those replacements funded with readvances shall be amortized and repaid pursuant to the Boulder Canyon Project Adjustment Act.
READVANCES. In the event the Mortgage does not already specify then the following provision shall be added to the mortgage terms and the Mortgage shall be considered as hereby amended: When not in default, the Borrower may request, and the Credit Union may, in its absolute and sole discretion, re- advance any principal portion of the within mortgage loan which has been repaid by the Borrower to the Credit Union, but only to the extent that the principal balance outstanding after such readvance shall not exceed the amount of the principal sum secured. The Borrower agrees that notwithstanding that the Mortgage may be reduced and readvances made, this Mortgage secures all sums ultimately due and owing by the Borrower to the Credit Union in respect of this Mortgage, including any readvancement of principal monies made by the Credit Union to the Borrower at any time. No change to the terms of repayment, the obligations of the Borrower, or the manner of payment or the amount of interest shall operate as a release or discharge of this Mortgage.
READVANCES. On the Line of Credit, Advances may be made to Borrower, repaid by Borrower (subject to the limitations contained herein), and Readvances made to Borrower upon the same terms and conditions as are required for Advances hereunder, provided that Lender shall have no obligation to make any Advance or Readvance that would cause the outstanding principal balance of the Line of Credit to exceed the limitations of Section 3.1 hereof.
READVANCES. The Credit Facility is intended to be a revolving credit facility. In this regard, it is understood Borrowers shall have the right upon compliance with the conditions of this Commitment and the Credit Facility Documents which pertain to the making of advances under the Credit Facility (including, without limitation, the requirement that all advances be evidenced and secured by the Credit Facility Documents and insured under acceptable title insurance policies) to obtain readvances of amounts from time to time applied to the reduction of the principal balance outstanding under the Credit Facility pursuant to the provisions of paragraph 14 or 15 of this Commitment, or otherwise required or permitted to be made in accordance with the provisions of this Commitment (including, without limitation, any portion of the outstanding principal balance of the Credit Facility which is prepaid in accordance with the provisions of paragraph 15 above or paragraph 8 of Exhibit C attached hereto). All sums which are applied from time to time in reduction of the outstanding Principal Balance of
READVANCES. 2.1 Subject to the satisfaction of the terms and conditions set forth in this Amendment, Lender agrees to (i) to make a single Advance (the "Winnxxx Xxxlding Addition Readvance") to Borrower in the amount of One Million One Hundred Thousand Dollars ($1,100,000) which shall constitute a readvance of a portion of the principal amount that has been repaid under the Winnxxx Xxxlding Addition Note, (ii) to make a single Advance (the "Ida Xxxlding Addition Readvance") to Borrower in the amount of Eight Hundred Thousand Dollars ($800,000) which shall constitute a readvance of a portion of the principal amount that has been repaid under the Ida Xxxlding Addition Note, and (iii) to make a single Advance (the "Aloha Bay Readvance") to Borrower in the amount of Six Hundred Thousand Dollars ($600,000) which shall constitute a readvance of a portion of the principal amount that has been repaid under the Aloha Bay Note.
READVANCES. The Loan shall be a revolving credit, against which Advances may be made to Borrower, repaid by Borrower and readvances made to Borrower, provided that xxxxxx shall have no obligation to make any Advance that would cause the outstanding principal balance of the Loan to exceed the Commitment. 3.5
READVANCES. Omitted.
