Common use of Regulatory Restrictions Clause in Contracts

Regulatory Restrictions. Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in no event shall Bank be required to disburse, nor shall Borrowers be entitled to demand that Bank disburse, all or any portion of the Loan if the amounts of the Loan would, in Bank’s sole and absolute discretion, cause Bank to exceed the lending limit to a single borrower under any applicable state or federal law, regulation or ruling. If Bank determines, in its sole and absolute discretion, at any time (including after any portion or all of the Loan has been disbursed) that the transactions evidenced by this Agreement and the other Loan Documents violates such lending limit restriction, then Bank shall have the right to immediately declare the Note to be due and payable and shall thereafter have no further obligations to disburse any further proceeds of the Loan. In such event, Borrowers shall be required to immediately pay all outstanding Indebtedness and shall have no further rights and privileges under this Agreement and the other Loan Documents.

Regulatory Restrictions. Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in no event shall Bank Lender be required to disburse, nor shall Borrowers Borrower be entitled to demand that Bank Lender disburse, all or any portion of the Loan if the amounts amount of the Loan would, in BankLender’s sole and absolute reasonable discretion, cause Bank Lender to exceed the lending limit to a single borrower under any applicable state or federal law, regulation or ruling. If Bank Lender determines, in its sole and absolute reasonable discretion, at any time (including after any portion or all of the Loan has been disbursed) that the transactions transaction evidenced by this Agreement and the other Loan Documents violates such lending limit restriction, then Bank Lender shall have the right to immediately declare reduce the amount of credit available under the Note to be due and payable and shall thereafter have no further obligations to disburse any further proceeds an amount that complies with the Lender’s understanding of the Loan. In such event, Borrowers shall be required to immediately pay all outstanding Indebtedness and shall have no further rights and privileges under this Agreement and the other Loan Documentswhat its loan limit is.

Regulatory Restrictions. Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in no event shall Bank be required to disburse, nor shall Borrowers be entitled to demand that Bank disburse, all or any portion of the Loan if the amounts of the Loan would, in Bank’s sole and absolute discretion, cause Bank to exceed the 017104 000349 15171164.4 lending limit to a single borrower under any applicable state or federal law, regulation or ruling. If Bank determines, in its sole and absolute discretion, at any time (including after any portion or all of the Loan has been disbursed) that the transactions evidenced by this Agreement and the other Loan Documents violates such lending limit restriction, then Bank shall have the right to immediately declare the Note to be due and payable and shall thereafter have no further obligations to disburse any further proceeds of the Loan. In such event, Borrowers shall be required to immediately pay all outstanding Indebtedness and shall have no further rights and privileges under this Agreement and the other Loan Documents.

Regulatory Restrictions. Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in no event shall Bank be required to disburse, nor shall Borrowers be entitled to demand that Bank disburse, all or any portion of any of the Loan Loans if the amounts of the Loan Loans would, in Bank’s 's sole and absolute discretion, cause Bank to exceed the lending limit to a single borrower under any applicable state or federal law, regulation or ruling. If Bank determines, in its sole and absolute discretion, at any time (including after any portion or all of the Loan has Loans have been disbursed) that the transactions evidenced by this Agreement and the other Loan Documents violates such lending limit restriction, then Bank shall have the right to immediately declare the Note Notes to be due and payable and shall thereafter have no further obligations to disburse any further proceeds of the LoanLoans. In such event, Borrowers shall be required to immediately pay all outstanding Indebtedness and shall have no further rights and privileges under this Agreement and the other Loan Documents.

Regulatory Restrictions. Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in no event shall Bank be required to disburse, nor shall Borrowers Borrower be entitled to demand that Bank disburse, all or any portion of any of the Loan Loans if the amounts of the Loan Loans would, in Bank’s sole and absolute discretion, cause Bank to exceed the lending limit to a single borrower under any applicable state or federal law, regulation or ruling. If Bank determines, in its sole and absolute discretion, at any time (including after any portion or all of the Loan has Loans have been disbursed) that the transactions evidenced by this Agreement and the other Loan Documents violates such lending limit restriction, then Bank shall have the right to immediately declare the Note Notes to be due and payable and shall thereafter have no further obligations to disburse any further proceeds of the LoanLoans. In such event, Borrowers Borrower shall be required to immediately pay all outstanding Indebtedness under the Loans and shall have no further rights and privileges under this Agreement and the other Loan Documents.

Regulatory Restrictions. Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in no event shall Bank Lender be required to disburse, nor shall Borrowers Borrower be entitled to demand that Bank Lender disburse, all or any portion of the Loan if the amounts amount of the Loan would, in Bank’s Lender's sole and absolute discretion, cause Bank Lender to exceed the lending limit to a single borrower Borrower under any applicable state or federal law, regulation or ruling. If Bank Lender determines, in its sole and absolute discretion, at any time (including after any portion or all of the any such Loan has been disbursed) that the transactions transaction evidenced by this Agreement and the other Loan Documents violates such lending limit restriction, then Bank the Lender shall have the right to immediately declare the Note applicable Loan to be due and payable payable, and shall thereafter shall, thereafter, have no further obligations to disburse any further proceeds of the such Loan. In such event, Borrowers Borrower shall be required to immediately pay all outstanding Indebtedness Obligations on such Loan and shall have no further rights and privileges under this Agreement and the other Loan DocumentsDocuments to obtain other or further advances on such Loan.

Regulatory Restrictions. Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in no event shall Bank be required to disburse, nor shall Borrowers Borrower be entitled to demand that Bank disburse, all or any portion of any of the Loan Loans if the amounts of the Loan Loans would, in Bank’s 's sole and absolute discretion, cause Bank to exceed the lending limit to a single borrower under any applicable state or federal law, regulation or ruling. If Bank determines, in its sole and absolute discretion, at any time (including after any portion or all of the Loan has Loans have been disbursed) that the transactions evidenced by this Agreement and the other Loan Documents violates such lending limit restriction, then Bank shall have the right to immediately declare the Note Notes to be due and payable and shall thereafter have no further obligations to disburse any further proceeds of the LoanLoans. In such event, Borrowers Borrower shall be required to immediately pay all outstanding Indebtedness under the Loans and shall have no further rights and privileges under this Agreement and the other Loan Documents.

Regulatory Restrictions. Notwithstanding anything in this Agreement or the other Loan Documents to the contrary, in no event shall Bank be required to disburse, nor shall Borrowers be entitled to demand that Bank disburse, all or any portion of the Loan if the amounts of the Loan would, in Bank’s sole and absolute discretion, cause Bank to exceed the {PH005695.1} Addendum 2, Page1 lending limit to a single borrower under any applicable state or federal law, regulation or ruling. If Bank determines, in its sole and absolute discretion, at any time (including after any portion or all of the Loan has been disbursed) that the transactions evidenced by this Agreement and the other Loan Documents violates such lending limit restriction, then Bank shall have the right to immediately declare the Note to be due and payable and shall thereafter have no further obligations to disburse any further proceeds of the Loan. In such event, Borrowers shall be required to immediately pay all outstanding Indebtedness and shall have no further rights and privileges under this Agreement and the other Loan Documents.