Common use of Line of Credit Clause in Contracts

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 8 contracts

Samples: Loan Agreement (SCC Communications Corp), Loan Agreement (Scientific Software Intercomp Inc), Terms Agreement (Scientific Software Intercomp Inc)

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Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 5 contracts

Samples: Monarch Cement Co, Monarch Cement Co, Promissory Note (Empyrean Bioscience Inc)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 3 contracts

Samples: Loan Documents (Transcend Services Inc), Business Loan Agreement (Transcend Services Inc), Business Loan Agreement (Transcend Services Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 3 contracts

Samples: Change in Terms Agreement (Digital Biometrics Inc), Change in Terms Agreement (Digital Biometrics Inc), Terms Agreement (Visionics Corp)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person person; or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 3 contracts

Samples: Credit Agreement (Petmed Express Inc), Credit Agreement (Petmed Express Inc), Credit Agreement (Petmed Express Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. This revolving line of credit shall not be subject to Ch. 346 of the Texas Finance Code.

Appears in 3 contracts

Samples: Terms Agreement (XPEL, Inc.), Terms Agreement (XPEL, Inc.), Terms Agreement (XPEL, Inc.)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts account with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 2 contracts

Samples: Terms Agreement (Scientific Software Intercomp Inc), Terms Agreement (Scientific Software Intercomp Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Change in Terms Agreement (Integrated Packaging Assembly Corp), Change in Terms Agreement (Integrated Packaging Assembly Corp)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 2 contracts

Samples: Change in Terms Agreement (Electromed, Inc.), Change in Terms Agreement (Computer Software Innovations Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or xxxxxx xr in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums eithersxxx xxxxer: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal uxxxxx xxincipal balance owing on oxxxx xn this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer dxxxx xomputer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Terms Agreement (Coeur D Alenes Co /Ia/)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Note may be requested either orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender’s office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (TX Holdings, Inc.)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender In good faith believes Itself insecure.

Appears in 1 contract

Samples: Integrated Biopharma Inc

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's Borrowers accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's Lenders internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (e) Lender in good xxxxx xxxxx itself insecure under this Agreement or any other agreement between Lender and Borrower.

Appears in 1 contract

Samples: Change in Terms Agreement (Digital Biometrics Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested rxxxxxxxx orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all xxx xxx sums either: (aA) advanced in accordance with the instructions of or an authorized person or (bB) credited to any of Borrower's accounts with LenderLendxx. The Xxx unpaid principal balance xxxxxxe owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including inxxxxxxg daily computer print-outs. Lender will have no obligation to advance funds under this Agreement agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Change in Terms Agreement (Coeur D Alenes Co /Ia/)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender’s office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing CHANGE IN TERMS AGREEMENT (Continued) Page 5 business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. This revolving line of credit shall not be subject to Ch. 346 of the Texas Finance Code.

Appears in 1 contract

Samples: Change in Terms Agreement (NaturalShrimp Inc)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from BorrowerBxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, not require that all oral requests be confirmed in writing. Borrower Bxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of BorrowerBxxxxxxx's accounts with LenderLxxxxx. The unpaid principal balance owing on this Agreement Note at any time lime may be evidenced by endorsements PROMISSORY NOTE on this Agreement Note or by LenderLxxxxx's internal records, including daily dally computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender.; or (E) Lender in good faith believes itself insecure

Appears in 1 contract

Samples: Business Loan Agreement (Century Casinos Inc /Co/)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Newport Corp

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. The following party or parties are authorized to request advances under the line of credit until Lender receives from Borrower at Lender's address shown above written notice of revocation of their authority: XXXXXXXXX XXXXXX, President/Secretary. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Business Loan Agreement (U S Laboratories Inc)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accountsXxxxxxxx ’s counts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (a) advanced A)advanced in accordance with the instructions Instructions of an authorized person or (bB) credited to any of Borrower's Xxxxxxxx ’s accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's Xxxxxx ’ s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower Note if:(A)Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower Note;(B)Borrower or any guarantor ceases doing business or is insolvent; (c) any insolvent;(C)any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantor ’ s guarantee of this Agreement Note or any other loan with Lender; or (d) Borrower Lender;(D)Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E)Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Arena Resources Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower Bxxxxxxx or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lxxxxx’s office shown above. Bxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's Bxxxxxxx’s accounts with LenderLxxxxx. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's Lxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: ; (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Landmark Bancorp Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions directors for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an a authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases ceased doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Medicalcv Inc)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Note may be requested orally or only in writing by Borrower or as provided in this paragraph. All communications, instructions, or directions by an authorized person. telephone or otherwise to Lender may, but need not, require that all oral requests are to be confirmed in writingdirected to Lender's office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Amphastar Pharmaceuticals, Inc.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (a) Al advanced in accordance with the instructions of an authorized person or (bB) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Titan Energy Worldwide, Inc.)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Note may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all All oral requests shall be confirmed in writingwriting on the day of the request, on forms acceptable to Lender. Borrower All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. Xxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender. PURPOSE OF LOAN. The purpose of this loan is for: Working Capital.

Appears in 1 contract

Samples: Promissory Note (Macc Private Equities Inc)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims claims-or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Integrated Packaging Assembly Corp)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be 104 liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender, regardless of the fact that persons other than those authorized to borrow have authority to draw against the accounts. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (e) Lender in good faxxx xxxxx itself insecure under this Agreement or any other agreement between Lender and Borrower.

Appears in 1 contract

Samples: Terms Agreement (Synthetech Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (e) Lender in good faitx xxxxx xxxelf insecure under this Agreement or any other agreement between Lender and Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Large Scale Biology Corp)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (e) Lender in good xxxxx xxxxx itself insecure under this Agreement or any other agreement between Lender and Borrower.

Appears in 1 contract

Samples: Change in Terms Agreement (Medicalcv Inc)

Line of Credit. This Agreement Note evidences a revolving straight line of credit. Once the total amount of principal has been advanced, Borrower is not entitled to further loan advances. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally requxxxxx xxally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums xxx xxxs either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with LenderLendex. The Xxx unpaid principal balance balxxxx owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including incxxxxxx daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Promissory Note (Freedom Bancshares Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests requestes be confirmed confrimed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise ortherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Portfolio Recovery Associates Inc)

Line of Credit. This Agreement Note evidences a revolving straight line of credit. Once the total amount of principal has been advanced, Borrower is not entitled to further loan advances. Advances under this AgreementNote, as well as directions for fbr payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement ifNote it: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Chicago Pizza & Brewery Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's Lenders internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in In default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) 8) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds -ids provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Visionics Corp)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Monarch Cement Co

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is Is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Loan Agreement (Digital Ally Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following person currently is authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of his or her authority: JOAN SULLIVAN GARRET, President of MEDAIRE, INC. Borrower agrees to be liable for all sums eitherfox xxx xxxx xxther: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Terms Agreement (MedAire, Inc.)

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Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests PROMISSORY NOTE be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Monarch Cement Co

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (a) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (e) Lender in good xxxxx xxxxx itself insecure under this Note or any other agreement between Lender and Borrower.

Appears in 1 contract

Samples: Loan Agreement (Regeneration Technologies Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may Agreement my be requested orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all All oral requests shall be confirmed in writingwriting on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: Mxxxxxx Xxxxxxxxx; and Dxxx Xxxxxx. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Terms Agreement (Advanced Remote Communication Solutions)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, Lender including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Loan Agreement (Torotel Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Terms Agreement (Eco Soil Systems Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Widepoint Corp)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower Bxxxxxxx or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lxxxxx’s office shown above. Bxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's Bxxxxxxx’s accounts with LenderLxxxxx. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's Lxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (AeroVironment Inc)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on n this Agreement Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Change in Terms Agreement (Scientific Software Intercomp Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's Bxxxxxxx’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender Lender-may, but need not, require that all oral requests be confirmed in writing. Borrower Bxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's Bxxxxxxx’s accounts with LenderLxxxxx. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's Lxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; insolvent (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (El Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Century Casinos Inc /Co/)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized CHANGE IN TERMS AGREEMENT person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Electromed, Inc.)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including inciuding daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Integrated Packaging Assembly Corp)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by LenderXxxxxx's internal Internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. This revolving line of credit shall not be subject to Ch. 346 of the Texas Finance Code.

Appears in 1 contract

Samples: Business Loan Agreement (Sielox Inc)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement agreemeent made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Monarch Cement Co

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accountsXxxxxxxx’s counts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions Instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's Xxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Business Loan Agreement (Arena Resources Inc)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Change in Terms Agreement (Biofield Corp \De\)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all All oral requests shall be confirmed in writingwriting on the day of the request All communications, instructons, or directions by telephone or otherwise to Lender are to be directed to Lenders office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: Mxxxxxx Xxxxxxxxx; and Dxxx Kemus. Borrower agrees to be liable for all sums either: . (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's Lenders internal records, including daily computer print-outs. Lender will have no obligation obligatbn to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including Including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; insolvent (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantors guarantee of this Agreement or any other loan with Lender; , or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Terms Agreement (Advanced Remote Communication Solutions)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Security Agreement (Transbotics Corp)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all All oral requests shall be confirmed in writingwriting on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements endorsement on this Agreement or by Lender's internal eternal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Change in Terms Agreement (Allin Corp)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (aA) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or Note in any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Citi Trends Inc

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, Agreement may be requested orally or in writing by Borrower or by an authorized personBorrower or as provided in this paragraph. Lender may, but need not, require request that all oral requests shall be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender’s office shown above. Borrower agrees to be liable for all sums either: (aA) advanced in accordance with the instructions of an authorized person or (bB) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements endorsement on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (aA) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (bB) Borrower or any guarantor ceases doing business or is insolvent; (cC) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; or (dD) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Appears in 1 contract

Samples: Terms Agreement (Allin Corp)

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this AgreementNote, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing ow'ng on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's Lenders internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (a) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (b) Borrower or any guarantor ceases doing business or is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (d) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender.

Appears in 1 contract

Samples: Business Loan Agreement (Solopoint Inc)

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