Secured Advances Sample Clauses
The 'Secured Advances' clause defines the terms under which a lender may provide advances or loans to a borrower that are secured by collateral. Typically, this clause outlines the types of assets that can be used as security, the process for perfecting the security interest, and the conditions under which advances may be made. For example, it may specify that advances are only permitted up to a certain percentage of the value of pledged inventory or receivables. The core function of this clause is to protect the lender by ensuring that any funds advanced are backed by sufficient collateral, thereby reducing the lender's risk in the event of borrower default.
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Secured Advances. All Loan Disbursements made by the Lender to the Borrower hereunder shall be: (A) subject to the Loan-To-Value Ratio, (B) subject to and in accordance with Exhibits C and D attached hereto and made a part hereof, (C) deemed to be evidenced by Note 2, and (D) secured by the Deed of Trust and each of the Loan Documents. Lender does not intend to make any unsecured advances to the Borrower under the Loan.
Secured Advances. If Borrower is borrowing on a secured basis, Borrower has executed and delivered the Security Agreement, the Control Agreement is in effect, and the Collateral Requirement shall be satisfied after giving effect to such borrowing.
Secured Advances. The Grantor and the Grantee intend and agree that the indebtedness secured hereby (which shall consist of unpaid balances of advances, whether obligatory or not, made either before or after the recording of this Mortgage), exclusive of interest thereon, shall not exceed [$ .00 plus Swap Exposure]. In addition to any other debt or obligation secured hereby, this Mortgage shall also secure unpaid balances of advances heretofore and hereafter made with respect to the Mortgaged Property, for the payment of taxes, assessments, insurance premiums or cost incurred for the protection of the Mortgaged Property.