Examples of Additional Advances in a sentence
Maximum Principal Amount of Additional Advances under a HELOC: Section 50(t)(6).
If the Debt consists of an RBC Homeline Plan, either (i) each Additional Advance will be treated as a new loan, or (ii) the Additional Advances in the aggregate will be treated as a new loan, and in each case of (i) or (ii), such new loan will be treated as a separate and distinct loan from any loan that is insured and securitized under a NHA Program for all purposes including enforcement.
All such Additional Advances shall be part of the Obligations and shall be subject to the terms and provisions of this Agreement, including, without limitation, Section 4.2 of this Agreement.
A local church that elects to lease a portion of its property could run into problems.
Seller shall not require or permit the Borrowers to use the proceeds of such Additional Advances to repay, prepay, retire, reduce, reimburse or pay any obligations under the Loans or the Seller Documents, including, without limitation, principal and interest on the Loans, late fees, default interest, amendment or accommodation fees, reimbursable expenses or any other amounts now or hereafter payable under the Seller Documents.