Common use of Unscheduled Payments Clause in Contracts

Unscheduled Payments. Loan Advances made pursuant to Sections 2.4., 2.9.2., 2.9.3., 2.10.3., 2.10.5., and 2.15. shall be made from a line of credit under Section 2.6. or 2.7. to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. or

Appears in 3 contracts

Samples: Equity Conversion Loan Agreement, Loan Agreement, Loan Agreement

AutoNDA by SimpleDocs

Unscheduled Payments. Loan Advances made pursuant to Sections 2.3.4, 2.4., 2.9.2., 2.9.3., 2.10.3.[2.10.5/2.10.4, 2.10.5.2.10.6]2, and 2.15. 2.15 shall be made from a line of credit under Section 2.6. 2.6 or 2.7. 2.7 to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. or2.5.3 or 2.5.4 to create a line of credit sufficient to make the Loan Advances.

Appears in 2 contracts

Samples: Hecm Adjustable Interest Rate Loan Agreement, Loan Agreement

Unscheduled Payments. Loan Advances made pursuant to Sections 2.4., 2.9.2., 2.9.3., 2.10.3., 2.10.5., and 2.15. shall be made from a line of credit under Section 2.6. or 2.7. to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. oror 2.5.4.

Appears in 2 contracts

Samples: Conversion Loan Agreement, Home Equity Conversion Loan Agreement

AutoNDA by SimpleDocs

Unscheduled Payments. Loan Advances made pursuant to Sections 2.4., 2.9.2., 2.9.3., 2.10.3., 2.10.5., and 2.15. shall be made from a line of credit under Section 2.6. or 2.7. to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. oror 2.5.4. to create a line of credit sufficient to make the Loan Advances.

Appears in 1 contract

Samples: Equity Conversion Mortgage Loan Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.