DISBURSEMENT OF LOAN FUNDS. Disbursements of principal under the Loans may be made at various times at the request of Borrowers, provided that Lender shall have the right to withhold further disbursements if it determines that: (a) the value of the Collateral is insufficient; (b) Loan proceeds previously advanced have been used for purposes other than those approved by Lender; (c) the terms and conditions of this Agreement have been violated by Borrowers; (d) Borrowers do not demonstrate continued involvement in farming, or (e) any other event has occurred which would entitle Lender to accelerate payment of the Loan.
Appears in 11 contracts
Samples: Security Agreement, Security Agreement, Security Agreement
DISBURSEMENT OF LOAN FUNDS. Disbursements of principal under the Loans may be made at various times at the request of Borrowers, provided that Lender shall have the right to withhold further disbursements if it determines that: (a) the value of the Collateral is insufficient; (b) Loan proceeds previously advanced have been used for purposes other than those approved by Lender; (c) the terms and conditions of this Agreement have been violated by Borrowers; (d) Borrowers do not demonstrate continued involvement in farming, or (( e) any other event has occurred which would entitle Lender to accelerate payment of the Loan.
Appears in 1 contract
Samples: carovail.com
