Interest on Disbursements. Interest on each disbursement, whether initiated by Borrower or Bank, shall be payable from the time Bank debits the Loan funds in the amount of the disbursement.
Appears in 3 contracts
Samples: Construction Loan Agreement (Summit Hotel OP, LP), Construction Loan Agreement (Summit Hotel Properties LLC), Credit Construction Loan Agreement (Zenith National Insurance Corp)
Interest on Disbursements. Interest on each disbursement, whether initiated by Borrower or Bank, shall be payable from the time Bank debits the Loan loan funds in the amount of the such disbursement.
Appears in 2 contracts
Samples: Loan Agreement (Inventure Group, Inc.), Loan Agreement (Poore Brothers Inc)
Interest on Disbursements. Interest on each disbursement, whether initiated by Borrower or BankLender, shall be is payable from the time Bank Lender debits the Loan funds in the amount of the disbursement.
Appears in 2 contracts
Samples: Loan Agreement (Hollywood Park Operating Co), Loan Agreement (Hollywood Park Operating Co)
Interest on Disbursements. Interest on each disbursement, whether initiated by Borrower or Bank, shall be payable from the time Bank debits the applicable Loan funds in the amount of the disbursement.
Appears in 1 contract
