Document ID: 14554

Text:
2.Commitment of Lender. So long as there exists no Event of Default hereunder and no event has occurred which would be an Event of Default with the giving of notice or lapse of time or both, and subject to all other terms and conditions hereof, the Lender shall lend to the Borrower and Borrower may borrow from the Lender against the Note for the account of Borrower up to the amount of $1,500,000.00 . The Borrower and Lender acknowledge and agree that the Note shall be revolving and that any payments by Borrower applied to the principal balance of the Note may be re-drawn by Borrower.

Named Entities:
77
84
Principal

Tokenized Text:
2
.
Commitment
of
Lender
.
So
long
as
there
exists
no
Event
of
Default
hereunder
and
no
event
has
occurred
which
would
be
an
Event
of
Default
with
the
giving
of
notice
or
lapse
of
time
or
both
,
and
subject
to
all
other
terms
and
conditions
hereof
,
the
Lender
shall
lend
to
the
Borrower
and
Borrower
may
borrow
from
the
Lender
against
the
Note
for
the
account
of
Borrower
up
to
the
amount
of
$
1
,
500
,
000
.
00
.
The
Borrower
and
Lender
acknowledge
and
agree
that
the
Note
shall
be
revolving
and
that
any
payments
by
Borrower
applied
to
the
principal
balance
of
the
Note
may
be
re-drawn
by
Borrower
.