Common use of REVOLVING FEATURE Clause in Contracts

REVOLVING FEATURE. During the Draw Period, Borrower may borrow, repay and reborrow under this Note at any time, up to the principal amount of this Note, subject to the terms and conditions of this Note (the “Revolving Loan provisions”), provided that Borrower is not in default under this Note or any other documents executed in connection with this Loan (“Loan Documents”). The unpaid principal balance owing on this Note at any time during the Draw Period will be evidenced by Xxxxxx’s internal records and the amount advanced and outstanding may not exceed at any one time the face amount of this Note. Lender shall not be obligated to make any Loan advance to Borrower following occurrence of an Event of Default.