â Dragnet clause could thus force borrower into a situation reasonablewhere the mortgagee was the borrowerâs only potential source of credit â Courts were historically suspicious that borrowers did not fully appreciate the potential impact a dragnet clause would have on their access to credit (and thus interpreted such clauses narrowly) â¢ Restatement Â§ 2.4(b): to be covered by dragnet clause, later loan must be âmade in a transaction similar in character to the mortgage transaction,â unless: â(1) the original mortgage describes with specificitythetypesof laterloans to be covered by the clause, or
MDC is an American punk rock band formed in Austin, Texas in 1981. The band was subsequently based in San Francisco, California, and are currently based in Portland, Oregon. Originally formed as The Stains before changing their name, the band also changed their name to a different initialism of MDC with every new record released.
A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development.