Terms of Secured Obligations. All Persons who may have or acquire an interest in all or any part of the Secured Property will be considered to have notice of, and will be bound by, the terms of the Promissory Note described in Section 2.1(a) and each other agreement or instrument made or entered into in connection with each of the Secured Obligations. These terms include any provisions in the Promissory Note that permit borrowing, repayment and reborrowing, or which provide that the interest rate on one or more of the Secured Obligations may vary from time to time.
Terms of Secured Obligations. All persons who may have or acquire an interest in all or any part of the Property will be considered to have notice of, and will be bound by, the terms of the Debt Instrument described in Paragraph 2.1(a) and each other agreement or instrument made or entered into in connection with each of the Secured Obligations. The Debt Instrument, among other things, provides for the following: [_] a revolving line of credit to Obligor pursuant to which Obligor may borrow, repay extensions of credit, and re-borrow amounts which have been repaid. The unpaid balance of the revolving line of credit may at certain times be zero. A zero balance does not affect Beneficiary's agreement to make further extensions of credit under the Debt Instrument. Beneficiary's interest under this Deed of Trust will remain in full force and effect notwithstanding a zero balance under the revolving line of credit. [X] an interest rate which may vary from time to time on one or more of the obligations arising under the Debt Instrument.
Terms of Secured Obligations. All persons who may have or acquire an interest in all or any part of the Property will be considered to have notice of, and will be bound by, the terms of the Loan Agreement, the Note, and the Guaranty described in the Recitals hereto and each other agreement or instrument made or entered into in connection with each of the Secured Obligations. These terms include any provisions in the Loan Agreement, the Note, and the Guaranty which permit borrowing, repayment and reborrowing, or which provide that the interest rate on one or more of the Secured Obligations may vary from time to time.
Terms of Secured Obligations. All Persons who may have or acquire an interest in all or any part of the Property will be considered to have notice of, and will be bound by, the terms of the Credit Agreement and the other Loan Documents and each other agreement or instrument made or entered into in connection with each of the Secured Obligations. The Credit Agreement and the other Loan Documents, among other things, provide for (a) a non-revolving line of credit to the Trustor and (b) a revolving line of credit to the Trustor pursuant to which the Trustor may borrow, repay extensions of credit, and re-borrow amounts which have been repaid. The unpaid balances of the non-revolving line of credit and the revolving line of credit may at certain times be zero. A zero balance does not, of itself, affect the Beneficiary's commitment to extend credit to the Trustor under the Credit Agreement. The Beneficiary's interest under this Deed of Trust will remain in full force and effect notwithstanding a zero balance under either or both of the non-revolving line of credit and the revolving line of credit. The Credit Agreement and the other Loan Documents also provide for an interest rate, on one or more of the obligations arising under the Credit Agreement and the other Loan Documents which may vary from time to time.
