Common use of Payments to be Charged as an Advance Clause in Contracts

Payments to be Charged as an Advance. Any payments required by this Agreement, the Notes or any of the other Loan Documents may (but not before the due date thereof) be deducted by Lender from the amount, if any, not already advanced, and the same shall be deemed to be a Loan, or may be deducted from any Loan due hereunder. Any attorneys' fees, inspection fee, appraisal fee or any other expense payable by Borrower as herein provided for, or incurred in connection with the examination of the Collateral for the Loan, any tangible or intangible assets of the Borrower, the Guarantor, PWF or the PWF Subsidiaries, the drafting of the Loan Documents and other instruments evidencing or securing the Obligations and all other Loan Documents may be likewise deducted from the amounts, if any, not already advanced or from any Loan payable to Borrower and, in any event, charged as a Loan hereunder, but only to the extent payable by the Borrower pursuant to Section 7.22 hereof.

Appears in 2 contracts

Samples: Loan Agreement (Charter Municipal Mortgage Acceptance Co), Acquisition Loan Agreement (Chartermac)

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Payments to be Charged as an Advance. Any payments required by this Agreement, the Notes or any of the other Loan Documents may (but not before the due date thereof) be deducted by Lender from the amount, if any, not already advanced, and the same shall be deemed to be a Loan, or may be deducted from any Loan due hereunder. Any attorneys' ’ fees, inspection fee, appraisal fee or any other expense payable by Borrower the Borrowers as herein provided for, or incurred in connection with the examination of the Collateral for the Loan, any tangible or intangible assets of the Borrower, the Guarantor, PWF or the PWF SubsidiariesBorrowers, the drafting of the Loan Documents and other instruments evidencing or securing the Obligations and all other Loan Documents may be likewise deducted from the amounts, if any, not already advanced or from any Loan payable to Borrower the Borrowers and, in any event, charged as a Loan hereunder, but only to the extent payable by the Borrower Borrowers pursuant to Section 7.22 7.23 hereof.

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (Centerline Holding Co), Warehousing Credit and Security Agreement (Centerline Holding Co)

Payments to be Charged as an Advance. Any payments required by this Agreement, the Notes or any of the other Loan Documents may (but not before the due date thereof) be deducted by Lender from the amount, if any, not already advanced, and the same shall be deemed to be a Loanloan, or may be deducted from any Loan due hereunder. Any attorneys' fees, inspection fee, appraisal fee or any other expense payable by Borrower Borrowers as herein provided for, or incurred in connection with the examination of the Collateral for the Loan, any tangible or intangible assets of the Borrower, the Guarantor, PWF or the PWF SubsidiariesBorrowers, the drafting of the Loan Documents and other instruments evidencing or securing the Obligations and all other Loan Documents may be likewise deducted from the amounts, if any, not already advanced or from any Loan payable to Borrower Borrowers and, in any event, charged as a Loan hereunder, but only to the extent payable by the Borrower Borrowers pursuant to Section 7.22 7.24 hereof.

Appears in 1 contract

Samples: Mortgage Warehousing Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)

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Payments to be Charged as an Advance. Any payments required by this Agreement, the Notes or any of the other Loan Documents may (but not before the due date thereof) be deducted by Lender from the amount, if any, not already advanced, and the same shall be deemed to be a Loan, or may be deducted from any Loan due hereunder. Any attorneys' fees, inspection fee, appraisal fee or any other expense payable by the Borrower as herein provided for, or incurred in connection with the examination of the Collateral for the Loan, any tangible or intangible assets of the Borrower, the Guarantor, PWF or the PWF Subsidiaries, the drafting of the Loan Documents and other instruments evidencing or securing the Obligations and all other Loan Documents may be likewise deducted from the amounts, if any, not already advanced or from any Loan payable to the Borrower and, in any event, charged as a Loan hereunder, but only to the extent payable by the Borrower pursuant to Section 7.22 7.24 hereof.

Appears in 1 contract

Samples: Credit and Security Agreement (Chartermac)

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