Agreement to Make Loan. Lender hereby agrees that Lender, or its designee, will make a loan to Ranch of the principal amount of up to $2,500,000 (the "Maximum Loan Amount"), on the terms and conditions contained in this Agreement and in accordance with the terms and conditions for advances, interest payments, late charges, standby and early termination fees and principal payments as set forth in the Debtor Loan Agreement. The parties specifically acknowledge and agree that the Loan shall not be a revolving loan.
Appears in 2 contracts
Sources: Memorandum of Agreement (Kahala Corp/), Memorandum of Agreement (Kahala Corp/)