Common use of Variable Advances Clause in Contracts

Variable Advances. The obligation of Borrower to repay each Variable Advance shall be evidenced by a separate Variable Facility Note in the form attached to this Agreement as Exhibit C-1 or Exhibit C-2. Each Variable Facility Note shall be payable to the order of Lender and shall be made in the original principal amount of such Variable Facility Advance.

Appears in 1 contract

Sources: Master Credit Facility Agreement (Colonial Realty Limited Partnership)

Variable Advances. The obligation of Borrower to repay each Variable Advance shall be evidenced by a separate Variable Facility Note in the form attached to this Agreement as Exhibit C-1 C-l or Exhibit C-2. Each Variable Facility Note shall be payable to the order of Lender and shall be made in the original principal amount of such Variable Facility Advance.

Appears in 1 contract

Sources: Master Credit Facility Agreement (Colonial Properties Trust)