Discretionary Rights. The Advance rates specified in Section 2.1(a) above may be increased or decreased by the Bank at any time and from time to time in the exercise of its reasonable discretion. The Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance rates or increasing the reserves may limit or restrict Advances requested by the Borrower.
Appears in 3 contracts
Samples: Loan Agreement (Greg Manning Auctions Inc), Loan Agreement (Greg Manning Auctions Inc), Loan Agreement (Greg Manning Auctions Inc)
Discretionary Rights. The Advance rates specified in Section 2.1(a) above Rates may be increased or decreased by the Bank at any time and from time to time in the exercise of its reasonable discretiondiscretion based on Bank's review of updated inventory appraisals, field examinations or other Collateral evaluations. The Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance rates Rates or increasing the or imposing reserves may limit or restrict Advances requested by the Borrower.
Appears in 1 contract
Samples: Export Import Loan Agreement (Environmental Tectonics Corp)
Discretionary Rights. The Advance rates specified in Section 2.1(a) above Rates may be increased (subject to the provisions of Section 15.2(b)(ii) of this Agreement) or decreased by the Bank Agent at any time and from time to time in the exercise of its reasonable discretion. The Borrower consents to any such increases or decreases and acknowledges that decreasing the Advance rates Rates or increasing the reserves may limit or restrict Advances requested by the Borrower.
Appears in 1 contract
Samples: Security Agreement (Fonda Group Inc)