MULTIPLE ADVANCE LOAN definition
MULTIPLE ADVANCE LOAN. This Note contemplates multiple loan advances. Debtor is entitled to borrow, repay, and borrow again, provided, that the aggregate of all loan advances outstanding at any time shall not exceed the principal amount listed above, and provided further that the provisions of the Loan Agreement shall govern the conditions and provisions of borrowings and repayments hereunder. Debtor agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Debtor's deposit accounts with Bank in accordance with the instructions of an authorized person. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Bank's internal records, including daily computer print-outs.
MULTIPLE ADVANCE LOAN. This Deed of Trust is given to secure, among --------------------- other things, a multiple advance loan and shall secure not only presently existing indebtedness but also future advances, whether such advances are obligatory or to be made at the option of the Administrative Agent or any Bank or otherwise, to the same extent as if such future advances were made on the date of execution of this Deed of Trust. The lien of this Deed of Trust shall be valid as to all indebtedness hereby secured, including future advances, from the time of its filing for record in the recorder's or registrar's office of the county in which the Mortgaged Property is located.
MULTIPLE ADVANCE LOAN. This Note contemplates multiple loan advances. All such advances shall be requested by Borrower and made by the Bank pursuant to the terms of the Loan Agreement.