Common use of REPAYMENT OF FUNDS ADVANCED Clause in Contracts

REPAYMENT OF FUNDS ADVANCED. Any funds expended by Lender in the exercise of its rights or remedies under this Agreement and the other Loan Documents shall be payable to Lender upon demand, together with interest at the rate applicable to the principal balance of the Note from the date the funds were expended.

Appears in 22 contracts

Samples: Loan Agreement, Loan Agreement (KBS Strategic Opportunity REIT II, Inc.), Loan Agreement (KBS Strategic Opportunity REIT II, Inc.)

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REPAYMENT OF FUNDS ADVANCED. Any funds expended by the Lender in the exercise of its rights or remedies under this Agreement and the other Loan Documents shall be payable by the Borrower to the Lender upon demand, together with interest at the rate applicable to the principal balance of the Note Note, from the date the funds were expended.

Appears in 3 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (Global Growth Trust, Inc.), Construction Loan Agreement (Global Growth Trust, Inc.)

REPAYMENT OF FUNDS ADVANCED. Any funds expended by Lender in ---------------------------- the exercise of its rights or remedies under this Agreement and the other Loan Documents shall be payable to Lender upon demand, together with interest at the rate applicable to the principal balance of the Senior Note from the date the funds were expended.

Appears in 1 contract

Samples: Bridge Loan Agreement (General Electric Co)

REPAYMENT OF FUNDS ADVANCED. Any funds expended by Lender in the exercise of its rights or remedies under this Agreement and the other Loan Documents shall be payable to Lender upon demand, together with interest at the rate applicable to the principal balance of the Note Notes from the date the funds were expended.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Stratus Properties Inc)

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REPAYMENT OF FUNDS ADVANCED. Any funds expended by Lender in the exercise of its rights or remedies under this Agreement and the other Loan Documents shall be payable to Lender upon demand, together with interest at the rate applicable to the principal balance of the Note Default Rate from the date the funds were expended.

Appears in 1 contract

Samples: Loan Agreement (LGI Homes, Inc.)

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