Common use of Line of Credit Advances Clause in Contracts

Line of Credit Advances. Borrower may borrow, repay and reborrow, and Bank may advance and readvance under the Note respectively from time to time until the maturity hereof (each an "Advance" and together the "Advances"), so long as the total principal balance outstanding under the Note at any one time does not exceed the principal amount stated on the face of the Note, subject to the limitations described in any loan agreement to which the Note is subject. Bank's obligation to make Advances under the Note shall terminate if Borrower is in Default. As of the date of each proposed Advance, Borrower shall be deemed to represent that each representation made in the Loan Documents is true as of such date. If Borrower subscribes to Bank's cash management services and such services are applicable to this line of credit, the terms of such service shall control the manner in which funds are transferred between the applicable demand deposit account and the line of credit for credit or debit to the line of credit.

Line of Credit Advances. Borrower may borrow, repay and reborrow, and Bank may advance and readvance under the this Note respectively from time to time until the maturity hereof September 15, 2000 (each an "Advance" and together the "Advances"), so long as the total principal balance outstanding under the this Note at any one time does not exceed the principal amount stated on the face of the this Note, subject to the limitations described in any loan agreement to which the this Note is subject. Bank's obligation to make Advances under the this Note shall terminate if Borrower is in Default. As of the date of each proposed Advance, Borrower shall be deemed to represent that each representation made in the Loan Documents is true as of such date. If Borrower subscribes to Bank's cash management services and such services are applicable to this line of credit, the terms of such service shall control the manner in which funds are transferred between the applicable demand deposit account and the line of credit for credit or debit to the line of credit.

Line of Credit Advances. Borrower may borrow, repay and reborrow, and Bank may advance and readvance under the this Note respectively from time to time until the maturity hereof (each an "Advance" and together the "Advances"), so long as the total principal balance outstanding under the this Note at any one time does not exceed the principal amount stated on the face of the this Note, subject to the limitations described in any loan agreement to which the this Note is subject. Bank's obligation to make Advances under the this Note shall terminate if Borrower is in Default. As of the date of each proposed Advance, Borrower shall be deemed to represent that each representation made in the Loan Documents is true as of such date. If Borrower subscribes to Bank's cash management services and such services are applicable to this line of credit, the terms of such service shall control the manner in which funds are transferred between the applicable demand deposit account and the line of credit for credit or debit to the line of credit.