Common use of Expenses and Advances Secured by Loan Documents Clause in Contracts

Expenses and Advances Secured by Loan Documents. Any and all advances or payments made by Lender under this Article 7 from time to time, and any amounts expended by Lender pursuant to Section 20.1(a), shall, as and when advanced or incurred, constitute additional indebtedness evidenced by the Note and secured by the Deed of Trust and the other Loan Documents and shall bear interest at the rate then applicable under the Note (including the Default Rate, when applicable).

Appears in 2 contracts

Samples: Construction Loan Agreement (Stratus Properties Inc), Construction Loan Agreement (Stratus Properties Inc)

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Expenses and Advances Secured by Loan Documents. Any and all advances or payments made by Lender Lenders under this Article 7 from time to time, and any amounts expended by Lender Agent pursuant to Section 20.1(a), shall, as and when advanced or incurred, constitute additional indebtedness evidenced by the Note Notes and secured by the Deed of Trust and the other Loan Documents and shall bear interest at the rate then applicable under the Note (including the Default Rate, when applicable)Documents.

Appears in 1 contract

Samples: Construction Loan Agreement (Republic Property Trust)

Expenses and Advances Secured by Loan Documents. Any and all advances or payments made by Lender under this Article 7 from time to time, and any amounts expended by Lender pursuant to Section 20.1(a)14.2, shall, as and when advanced or incurred, constitute additional indebtedness evidenced by the Note and secured by the Deed of Trust and the other Loan Documents and shall bear interest at the rate then applicable under the Note (including the Default Rate, when applicable)Documents.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

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Expenses and Advances Secured by Loan Documents. Any and all advances or payments made by Lender under this Article 7 from time to time, and any amounts expended by Lender pursuant to Section 20.1(a)20.1, shall, as and when advanced or incurred, constitute additional indebtedness evidenced by the Note and secured by the Deed of Trust and the other Loan Documents and shall bear interest at the rate then applicable under the Note (including the Default Rate, when applicable)Note.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

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