Examples of Advances in a sentence
Xxxxxx may stop making Advances for Work and performing any other obligations under the Loan Documents.
At its option, Lender may make any or all Advances directly to the Title Company or Contractor or to any subcontractor, Supplier, or any other person due payment for labor, material, or services performed on the Property.
Lender may get credit reports from credit reporting agencies when Lender reviews the Loan from time-to-time throughout the construction process, prior to Advances hereunder and/or any time during which this Agreement or the Loan Documents are being enforced and/or in force and effect.
All sums so advanced shall be deemed Advances under this Agreement, as if made to Borrower in Xxxxxxxx’s lifetime and the obligations of the Loan, for the full amount thereof, shall be the responsibility of said party(ies) to whom the Advances are made and shall be fully secured by the Security Agreement.
These Conditions to All Advances apply to the first advance, each subsequent advance, if any, and the final advance.