Common use of Initial Advances Clause in Contracts

Initial Advances. 2.2.1. Loan Advances shall be used by Xxxxxx to pay, or reimburse Borrower for, closing costs listed in the Schedule of Closing Costs (Exhibit 2) attached to and made a part of this Loan Agreement, except that Loan Advances will only be used to pay origination fees in an amount not exceeding $1,800.

Initial Advances. 2.2.1. Loan Advances shall be used by Xxxxxx Lender to pay, or reimburse Borrower for, closing costs listed in the Schedule of Closing Costs (Exhibit 2) attached to and made a part of this Loan Agreement, except that Loan Advances will only be used to pay origination fees in an amount not exceeding $1,800.

Initial Advances. 2.2.1. Loan Advances shall be used by Xxxxxx Lender to pay, or reimburse Borrower for, closing costs listed in the Schedule of Closing Costs (Exhibit 2) attached to and made a part of this Loan Agreement, except provided that Loan Advances will only be used to pay origination fees in an amount not exceeding the greater of $1,8002,000 or 2 percent of the maximum claim amount, nor shall the Lender charge the Borrower an origination fee in excess of this amount.