Secured Advances. All Loan Disbursements made by the Lender to the Borrower shall be: (a) subject to the Loan-To-Value Ratio, (b) subject to and in accordance with Exhibits C and D attached hereto and made a part hereof, (c) deemed to be evidenced by the Note, and (d) secured by the Deed of Trust and each of the Loan Documents. Lender does not intend to make any unsecured advances to the Borrower under the Loan.
Appears in 1 contract
Samples: , Development and Disbursement Loan Agreement (Interstate General Co L P)
Secured Advances. All Loan Disbursements made by the Lender to the Borrower hereunder shall be: (ai) subject to the Loan-To-Value Ratio, (b) subject to and in accordance with Exhibits C and D attached hereto and made a part hereof, (c) deemed to be evidenced by the Note, and (dii) secured by the Deed of Trust and each of the Loan Documents. Lender does not intend to make any unsecured advances to the Borrower under the Loan.
Appears in 1 contract
Samples: Modification Agreement (Comstock Homebuilding Companies, Inc.)
Secured Advances. All Loan Disbursements made by the Lender to the Borrower hereunder shall be: (ai) subject to the Loan-To-Value Ratio, (b) subject to and in accordance with Exhibits C and D attached hereto and made a part hereof, (c) deemed to be evidenced by the Note, and (dii) secured by the Purchase Money Deed of Trust and each of the Loan Documents. Lender does not intend to make any unsecured advances to the Borrower under the Loan.
Appears in 1 contract
Samples: Disbursement and Development Loan Agreement (Comstock Homebuilding Companies, Inc.)
Secured Advances. All Loan Disbursements made by the Lender to the Borrower hereunder shall be: (aA) subject to the Loan-To-Value Ratio, (bB) subject to and in accordance with Exhibits C and D attached hereto and made a part hereof, (cC) deemed to be evidenced by the NoteNote 2, and (dD) secured by the Deed of Trust and each of the Loan Documents. Lender does not intend to make any unsecured advances to the Borrower under the Loan.
Appears in 1 contract
Samples: Modification Agreement (Comstock Homebuilding Companies, Inc.)
Secured Advances. All Loan Disbursements made by the Lender to the Borrower hereunder shall be: (aA) subject to the Loan-To-Value Ratio, (bB) subject to and in accordance with Exhibits C and D attached hereto and made a part hereof, (cC) deemed to be evidenced by the NoteNote 2, and (dD) secured by the Purchase Money Deed of Trust and each of the Loan Documents. Lender does not intend to make any unsecured advances to the Borrower under the Loan.
Appears in 1 contract
Samples: Disbursement and Development Loan Agreement (Comstock Homebuilding Companies, Inc.)
