Common use of Discretionary Advances Clause in Contracts

Discretionary Advances. The Borrower understands and agrees that notwithstanding that conditions to Advances and various covenants and Events of Default are set forth herein as would be common to a loan agreement in which the lender made a commitment to lend, the Bank may, in its sole discretion and for any reason whatsoever, refuse to make Advances pursuant to Section 2.1 even though the Borrower may be in perfect compliance with this Agreement.

Appears in 3 contracts

Samples: Loan Agreement (Titan Machinery Inc.), Loan Agreement (Titan Machinery Inc.), Loan Agreement (Titan Machinery Inc.)

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Discretionary Advances. The Borrower understands and agrees that notwithstanding Notwithstanding that conditions to Advances and various covenants and Events of Default are set forth herein as would be common to a loan agreement in which the lender made a commitment to lend, the Bank may, in its sole discretion and for any reason whatsoever, refuse to make Advances pursuant to Section 2.1 2.4A even though the Borrower may be in perfect compliance with this Agreement.”

Appears in 1 contract

Samples: Loan Documents (Titan Machinery Inc.)

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Discretionary Advances. The Borrower understands and agrees that notwithstanding Notwithstanding that conditions to Advances and various covenants and Events of Default are set forth herein as would be common to a loan agreement in which the lender made a commitment to lend, the Bank may, in its sole discretion and for any reason whatsoever, refuse to make Advances pursuant to Section 2.1 2.2 even though the Borrower may be in perfect compliance with this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Titan Machinery Inc.)

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