Additional Advances

Additional Advances. After the date hereof, the Borrower may request additional advances ("Additional Advances") as part of each of the Loans which will be funded at the discretion of the Lender; provided however, in no event will Additional Advances be funded (i) as long as the aggregate principal and interest outstanding under the Loans is greater than $7,000,000, or would be greater than $7,000,000 as a result of making the Additional Advances, (ii) if the representations and warranties contained in this... agreement and the other Loan Documents are not true and correct in all material respects on and as of the date of such Additional Advances, as though made on and as of such date (except to the 6 extent that such representations and warranties relate solely to an earlier date), (iii) if an Event of Default shall have occurred and be continuing on the date of such Additional Advances, or shall result from the making thereof, or (iv) if an injunction, writ, restraining order, or other order of any nature prohibiting, directly or indirectly, the Additional Advances shall have been issued and remain in force by any governmental agency or authority against Borrower or Lender. All Additional Advances shall constitute a portion of the Loans and the Notes for all purposes under this agreement and the Loan Documents. View More