Revolving Nature of Loan. The Loan is a revolving line of credit; however, all Advances shall be viewed as a single loan. Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender, in its discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender
Appears in 2 contracts
Samples: Loan and Security Agreement (BBX Capital Corp), Loan and Security Agreement (BFC Financial Corp)
Revolving Nature of Loan. The Loan is a revolving line of credit; however, all Advances shall be viewed as a single loan. Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender, in its discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender. No more than one Advance will be made in any calendar month.
Appears in 2 contracts
Samples: Loan Agreement (BFC Financial Corp), Loan Agreement (BBX Capital Corp)
Revolving Nature of Loan. The Loan is a revolving line of credit; however, all Advances shall be viewed as a single loan. Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender, in its discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender.
Appears in 2 contracts
Samples: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp)
Revolving Nature of Loan. The Loan is a revolving line of credit; however, all Advances shall be viewed as a single loan. Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender, in its discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender. 6284.98.1108841.12
Appears in 1 contract
Revolving Nature of Loan. The Loan is a revolving line of credit; however, all Advances shall be viewed as a single loan. Notwithstanding anything to the contrary contained in this Agreement, Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender, in its discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender. No more than one Advance will be made in any calendar month.
Appears in 1 contract
Samples: Loan Agreement (BBX Capital Corp)
