Common use of Line of Credit Clause in Contracts

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing by Xxxxxxxx or as provided in this paragraph. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. The following person currently is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. 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 Xxxxxxxx's accounts with Xxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note Note, as well as directions for payment from Borrowers accounts, may be requested only orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraph. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown abovewriting. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx untill Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer XXXXXX X X XXXXXXX and XXXXXXX XXXXXXXXX. Any authorized officer may request advances. Xxxxxxxx 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 Xxxxxxxx's Borrowers accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.otherwise

Line of Credit. This 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 Note may be requested only either orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. Xxxxxxxx agrees Borroxxx xxrees to be liable for all sums eitheraxx xxxx other: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid Txx xxxxxd principal balance owing balanxx xxxng on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily includixx xxxly computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; or (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This 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 Note Note, as well as directions for payment from Xxxxxxxx’s accounts, may be requested only orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraph. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown abovewriting. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, Borrower at Xxxxxx's ’s address shown above, above written notice of revocation of his or her their authority: Authorized Signer . Any authorized officer may request advancesXxxxx Xxxx. 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 Xxxxxxxx's ’s accounts with Xxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: if (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 ’s guarantee of this Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note Agreement may be requested only in writing by Xxxxxxxx Borrower or as provided in this paragraphby an authorized person. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer EDWAXX X. XXXXXXX, XXESIDENT. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (Aa) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (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 Note Agreement or any other loan with Lender; or (Dd) Borrower has applied funds provided pursuant to this Note Agreement for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 faitx xxxxx xxxelf insecure under this Agreement or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing orally by Xxxxxxxx Borrower or as 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 Xxxxxx's office shown above. The following person currently is authorized, except as provided Advances under this Note may be requested in this paragraph, to request advances and authorize payments under the line amounts of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his $25,000.00 or her authority: Authorized Signer greater. Any authorized officer may request advancesfor advances of less than $25,000.00 will not be honored. 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 Xxxxxxxx's accounts with Xxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This 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 Note may be requested only by Borrower or by an authorized person in writing by Xxxxxxxx or as provided in this paragraphaccordance with the Development Incentive Agreement. All communications, instructions, instructions or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's ’s office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, Borrower at Xxxxxx's ’s address shown above, above written notice of revocation of his or her their authority: Authorized Signer . Any authorized officer may request advancesor . 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 Xxxxxxxx's accounts with Xxxxxxperson. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's ’s internal records, including daily computer print-outsprintouts. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement Development Incentive Agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only either orally or in writing by Xxxxxxxx Borrower or as provided in this paragraph. Lender may, but need not, require that all oral requests he confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person persons currently is authorized, except as provided in this paragraph, are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, at XxxxxxLender's address shown above, written notice of revocation of his or her their authority: Authorized Signer XXXXXXX XXXXXX; and XXXXX XXXXXX. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note Agreement evidences a revolving line of credit. credit Advances under this Note Agreement may be requested only in writing orally by Xxxxxxxx Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's Lenders office shown above. The following person persons currently is authorized, except as provided in this paragraph, are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, at XxxxxxLender's address shown above, written notice of revocation of his or her their authority: Authorized Signer Patrick Verderico, President/CEO of Integrated Packaging Assembly Coxxxxxxxxx; xxx Xxncent R. Lepore, Controller/Secretary of Integrated Packaging Assexxxx Xxxxxxxxxxx. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that That Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (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 Note Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note Agreement may be requested only either orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer XXXXX X. XXXXXXX, Vice President/CFO. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (Aa) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (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 Note Agreement or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note Agreement for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Agreement or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only either orally or in writing by Xxxxxxxx Borrower or as 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 Xxxxxx's Lender’s office shown above. The following person persons currently is authorized, except as provided in this paragraph, are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, at Xxxxxx's Lender’s address shown above, written notice of revocation of his or her their authority: Authorized Signer Mxxxxxx Xxxxxxxxxx, Chief Financial Officer of Niku Corporation; Jxxxxx Xxxxxx; and Nxxxx Xxxxx. Any authorized officer may request advances. Xxxxxxxx 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 Xxxxxxxx's Borrower’s accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's Lender’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. credit Advances under this Note may be requested only orally by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing by Xxxxxxxx or as provided in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer XXXXX X. XXXXXXXX, CHAIRMAN & CEO. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note Agreement may be requested only either orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer GREGXXX X. XXXXXXX, XXCE PRESIDENT. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (Aa) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (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 Note Agreement or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note Agreement for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 faitx xxxxx xxxelf insecure under this Agreement or any other agreement between lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This 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 Note may be requested only in writing by Xxxxxxxx Borrower or as provided in this paragraph. All communications, instructionsInstructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. Xxxxxxxx Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions Instructions of an authorized person or (B) credited to any of XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note ifIf: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D0) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note Note, as well as directions for payment from Borrower's accounts, may be requested only orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraph. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown abovewriting. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer Xxxxxxx X. Xxxxxx, Chairman & Chief Executive Officer. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; or (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note Agreement 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 Note Agreement may be requested only either orally or in writing by Xxxxxxxx Borrower or as 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 Xxxxxx's Lender’s office shown above. The following person currently is authorized, except as provided in this paragraph, authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, at Xxxxxx's Lender’s address shown above, written notice of revocation of his or her authority: Authorized Signer GXXXX X. XXXXXXXX, President of SYNERGETICS, INC. Any authorized officer may request advances(MISSOURI CORPORATION). Xxxxxxxx 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 Xxxxxxxx's Borrower’s accounts with XxxxxxLender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Xxxxxx's Lender’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (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 ’s guarantee of this Note Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing orally by Xxxxxxxx Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. The following person currently is authorized, except party or parties are authorized as provided in this paragraph, paragraph to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, Borrower at Xxxxxx's address shown above, above written notice of revocation of his or her their authority: Authorized Signer Xxxxxxxxxxx X. Xxxxxxx, Chairman and Chief Executive Officer. Any authorized officer may request advancesAdvance requests on the line of credit must be in a minimum amount of $5,000.00. 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 Xxxxxxxx's accounts with Xxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; or (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences is a revolving line of credit. credit "master note." Advances under this Note may be requested only in writing by Xxxxxxxx Borrower or as provided in this paragraphby an authorized person. All communications, instructions, instructions or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown aboveat 000 Xxxxxxxxxx Xxxxxx, Xxx Xxxxxxx, Xxxxxxxxx 00000. The following person currently is authorized, except as provided in this paragraph, persons are authorized to request advances and authorize payments under the line Line of credit Credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer Xxxxx Xxxxxx or P. Xxxx Xxxxx. Any authorized officer may request advances. Xxxxxxxx Borrower agrees to be liable for all sums either: either (Aa) advanced in accordance with the instructions of an authorized person or (Bb) credited pursuant to the Loan Agreement to any of XxxxxxxxBorrower's deposit accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including the Loan Agreement and any other agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; or (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and pursuant to the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsLoan Agreement.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only either orally or in writing by Xxxxxxxx or as provided in this paragraph. All communications, instructions, Borrower or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, at XxxxxxLender's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. Xxxxxxxx Jeffry B. Johnson, Chief Financial Officer and Treasurer of Xxxxx'x Xxxxxx Xxld-Inc. Borrower agrees to be liable for all sums alx xxxx either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing orally by Xxxxxxxx Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions direction by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, authorized to request advances and authorize payments under payment sunder the line of credit until Xxxxxx Lender receives from Borrower, at Xxxxxx's Lexxxx'x address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. Xxxxxxxx Warren F. Kruger, Manager, President & CEO of GREYSTONE MANUFACTURINX, X.X.X. Xxxxxxer 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only orally by Borrower or by an authorized person. All oral requests shall be confirmed in writing by Xxxxxxxx or as provided in this paragraphon the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer Colon A. Txxxxxx, Xxesident and Chief Executive Officer. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 faitx xxxxx xxxelf insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences Xxxx Xxxx xxxxences a revolving line of credit. Advances under this Note may be requested only in writing orally by Xxxxxxxx Borrower or as 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 XxxxxxLender's office shown above. The following person currently is authorized, except Txx xxxlowing party or parties are authorized as provided in this paragraph, paragraph to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLxxxxx's address shown above, written above wrixxxx notice of revocation of his or her authority: Authorized Signer their authority Charles D. Whitsitt, Chief Finaxxxxx Xxxxxxx. Any authorized officer may request advancesXxxances under this note are subject to the conditions and limitations set forth in the Business Loan Agreement of even date herewith. Xxxxxxxx Borrower agrees to be liable for all sums fox xxx xxms either: (Aa) advanced in accordance with the instructions of an authorized person or (Bb) credited to any of XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid Xxx xxxxid principal balance owing balanxx xxxng on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including inclxxxxx daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes deems itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under xxxx Xxxx xr any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only either orally or in writing by Xxxxxxxx Borrower or as 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 XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This revolving line of credit matures on March 31, 2005 and annually thereaftershall not be subject to Ch. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion 346 of the lender upon receipt of the year end financial statementsTexas Finance Code.

Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note Agreement may be requested only in writing by Xxxxxxxx Borrower or as provided in this paragraph. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person persons currently is authorized, except as provided in this paragraph, are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, at XxxxxxLender's address shown above, written notice of revocation of his or her their authority: Authorized Signer Dario Echeverry, President of PHONE 1, Inc, and Syed Arshad Naqvi, Xxxxx Xxxxxxxxx Officer of PHONE 1, INC. Any authorized officer may request advances. Xxxxxxxx agrees to be liable Borrower agrxxx xx xx xxable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (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 Note Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note Agreement may be requested only either orally or in writing by Xxxxxxxx Borrower or as provided by any authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer WALLXXX XXXX, XXCE PRESIDENT AND CFO; ALBION FITZXXXXXX, XXESIDENT/CEO; and ROB XXXXXXXX, XXP/COO. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds funds, under this Note Agreement if: (Aa) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (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 Note Agreement or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note Agreement for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 faitx xxxxx xxxelf insecure under this Agreement or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This 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 Note may be requested only orally by Borrower or by an authorized person. All oral requests shall be confirmed in writing by Xxxxxxxx or as provided in this paragraphon the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer J. XXXXXXX XXXXXX, PRESIDENT/CEO; and XXXXXXX X. XXXXXXXXXX, VP FINANCE/CFO. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This 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 Note may be requested only in writing orally by Xxxxxxxx Borrower or as 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 XxxxxxLender's office shown above. The following person currently is authorized, except party or parties are authorized as provided in this paragraph, paragraph to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer Richxxx X. Xxxxxxx. Any authorized officer may request advancesXxder no circumstances shall Lender be required to make any advance in an amount less than $1,000.00. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; or (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note Note, as well as directions for payment from Bxxxxxxx’s accounts, may be requested only orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all requests be confirmed in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. The following person currently is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. Xxxxxxxx Bxxxxxxx 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 Xxxxxxxx's Bxxxxxxx’s accounts with XxxxxxLxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's Lxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lenderlender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolventInsolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those these authorized by Lender; or (E) Lender in In good faith believes itself insecure. MATURITY DATE. This revolving line of credit matures on March 31, 2005 and annually thereaftershall not be subject to Ch. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion 346 of the lender upon receipt of the year end financial statementsTexas Finance Code.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing orally by Xxxxxxxx Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, at XxxxxxLender's address shown above, written notice of revocation of his or her authority: Authorized Signer KELVYN CULLIMORE, JR., President/CXX xx XXXXXXXXXXX XXXPORATION. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note is issued by Borrower pursuant to the Credit Agreement dated September __, 1997 between Borrower and Lender (the "Credit Agreement") and evidences a revolving line of credit. credit "master note." Advances under this Note may be requested only either orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer Pete Xxxxx. Any authorized officer may request advances. Xxxxxxxx Xxrrower 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 XxxxxxxxBorrower's deposit accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; or (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing by Xxxxxxxx Borrower or as provided in this paragraphby an authorized person. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, Borrower at Xxxxxx's address shown above, above written notice of revocation of his or her their authority: Authorized Signer . Any authorized officer may request advancesXxxxxx X. Xxxx, President; and Xxxxx Xxxx, Secretary. 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 Xxxxxxxx's accounts with Xxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's internal records, records including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only either orally or in writing by Xxxxxxxx or as 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 Xxxxxx's office shown above. The following person currently is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. 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 Xxxxxxxx's accounts with Xxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's internal records, including daily computer print-outs. Lender lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line FINANCIAL INFORMATION PROVISION, Xxxxxxxx agrees to deliver any financial and other business information concerning Borrower that Xxxxxx may request from time to time, such as annual and interim financial statements (all of credit matures on March 31, 2005 which shall be prepared in accordance with generally accepted accounting principles) and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsfederal income tax returns.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing by Xxxxxxxx or as provided in this paragraph. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. The following person persons currently is are authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his or her their authority: Authorized Signer Xxxxxxx Xxxxxx, President of Ministry Partners Investment Corporation, a California Corporation; and Xxxx X. Xxxxxxxx, Chairman of Ministry Partners Investment Corporation, a California Corporation. Any authorized officer may request advances. 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 Xxxxxxxx's accounts with Xxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 2003 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements. FULL BANKING RELATIONSHIP REQUIREMENT. The terms of this note include the requirement that Borrower maintain their full depository relationship with Lender.

Line of Credit. This Note evidences a revolving line of credit. Advances Disbursements under this Note may be requested only either orally or in writing by Xxxxxxxx or as provided any person designated by Borrower to have such authority. Lender may, but need not, require that all oral requests be confirmed in this paragraphwriting. All communications, instructionsinstruction, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. The following person currently is authorized, except as provided the telephone number and address designated by Lender in this paragraph, to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. 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 Xxxxxxxx's accounts with Xxxxxxwriting. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance disburse funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; or (Dd) Borrower has applied used funds provided disbursed pursuant to this Note for purposes other than those authorized by Lender; or (E) . Lender hereby authorizes and limits the moneys disbursed under this Note for use only in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsconnection with Borrower's farm management business.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only orally by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing by Xxxxxxxx or as provided in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer Xxxxxx X. Xxxxx, President. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 guarantors guarantee of this Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only orally by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing by Xxxxxxxx or as provided in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer AVI FOX, PRESIDENT/CO-CHAIRMAN; XXXXXX XXX, CEO/CO-CHAIRMAN; AND XXXXXX XXXX, CFO. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only either orally or in writing by Xxxxxxxx Borrower or as 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 Xxxxxx's Lender’s office shown above. The following person currently is authorized, except as provided in this paragraph, or persons are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, at Xxxxxx's Lender’s address shown above, written notice of revocation of his or her such authority: Authorized Signer Xxxx X. Xxxxxxxx, Xx, CEO and President of TOROTEL PRODUCTS, INC.; and H Xxxxx Xxxxxxx, CFO and Secretary of TOROTEL PRODUCTS, INC. Any authorized officer may request advances. Xxxxxxxx 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 Xxxxxxxx's Borrower’s accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's Lender’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 ’s guarantee of this Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only either orally or in writing by Xxxxxxxx Borrower or as provided by an authorized person. Lender may, but need not, require that all oral requests be confirmed in this paragraphwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to XxxxxxLender's office shown above. The following person currently is authorized, except as provided in this paragraph, party or parties are authorized to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer Xxxxxxxx X. Xxxxx, PHD, CEO. Any authorized officer may request advances. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 xxxxx xxxxx Itself insecure under this Note or any other agreement between Lender and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statementsBorrower.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note Note, as well as directions for payment from Borrower's accounts, may be requested only orally or in writing by Xxxxxxxx or as provided in this paragraph. All communicationsLender may, instructionsbut need not, or directions by telephone or otherwise to Lender are to require that all oral requests be directed to Xxxxxx's office shown aboveconfirmed in writing. The following person currently is authorized, except party or parties are authorized as provided in this paragraph, paragraph to request advances and authorize payments under the line of credit until Xxxxxx Lender receives from Borrower, Borrower at XxxxxxLender's address shown above, above written notice of revocation of his or her their authority: Authorized Signer JOHN SCHAEFFER, PRXXXXXXX; xxx XONNA MONTAG, CFO. Any authorized officer may request advancesXXXXXX XX XHESE PARTIES IS AUTHORIZED TO REQUEST ADVANCES. Xxxxxxxx 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 XxxxxxxxBorrower's accounts with XxxxxxLender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by XxxxxxLender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 Note or any other loan with Lender; or (Dd) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing orally by Xxxxxxxx Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's ’s office shown above. The following person currently is authorized, except as provided in this paragraph, authorized to request advances and authorize payments under the line of credit until Xxxxxx receives from Borrower, at Xxxxxx's ’s address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. Xxxxx X. Xxxxxx, President/CEO of Coast Financial Holdings, Inc. 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 Xxxxxxxx's ’s accounts with Xxxxxx. PROMISSORY NOTE The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Xxxxxx's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (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 ’s guarantee of this Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2005 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.