Disbursements to Borrower. Borrower may request and receive (a) one (1) borrowing hereunder with respect to Borrower’s acquisition of the Property, and (b) additional draws for the payment construction costs as set forth herein. Any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.
Appears in 3 contracts
Sources: Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC), Commercial Loan Agreement (Red Oak Capital Fund V, LLC)