Loans hereunder. All advances shall be evidenced by the Note, which shall be executed and delivered to the Bank prior to the initial Advance. Notwithstanding the stated principal amount of the Note, the Borrower shall in no event be obligated to repay more than the aggregate unpaid balance of advances made to or for the benefit of the Borrower by the Bank, together with interest at the rate specified in the Note (defined below) on each advance from the date it is made by the Bank.
Appears in 1 contract
Loans hereunder. All advances Advances shall be evidenced by the Note, which shall be executed and delivered to the Bank prior to the initial any Advance. Notwithstanding the stated principal amount of the Note, the Borrower shall in no event be obligated to repay more than the aggregate unpaid balance of advances Advances made to or for the benefit of the Borrower by the Bank, together with interest at the rate specified in the Note (defined below) on each advance Advance from the date it is made by the Bank.
Appears in 1 contract