NONSTANDARD TERMS Sample Clauses

NONSTANDARD TERMS. The following space contains all nonstandard terms, including all previous oral credit agreements, if any, between the parties: By accepting this Agreement, Applicant affirms that no unwritten oral credit agreement between the parties exists. (Remainder of page intentionally blank.) Missouri: The following disclosures apply. For Consumer Transactions: Oral agreements or commitments to loan money, extend credit or to forbear from enforcing repayment of a debt including promises to extend or renew such debt are not enforceable. To protect you (borrower(s)) and us (creditor) from misunderstanding or disappointment, any agreements we reach covering such matters are contained in this writing, which is the complete and exclusive statement of the agreement between us, except as we may later agree in writing to modify it. For Commercial Transactions: Oral agreements or commitments to loan money, extend credit or to forbear from enforcing repayment of a debt including promises to extend or renew such debt are not enforceable, regardless of the legal theory upon which they are based that are in any way related to the credit agreement. To protect you (borrower(s)) and us (creditor) from misunderstanding or disappointment, any agreements we reach covering such matters are contained in this writing, which is the complete and exclusive statement of the agreement between us, except as we may later agree in writing to modify it. Texas: The following disclosures apply. This Agreement represents the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent oral agreements of the parties. There are no unwritten oral agreements between the parties. Oregon: The following disclosure applies unless Applicant is a natural person and this Agreement is primarily for personal, family or household purposes. Under Oregon law, most agreements, promises and commitments made by us concerning loans and other credit extensions which are not for personal, family or household purposes or secured solely by the borrower’s residence must be in writing, express consideration and be signed by us to be enforceable. Washington: The following disclosure applies unless Applicant is a natural person and this Agreement is primarily for personal, family or household purposes. Oral agreements or oral commitments to loan money, to extend credit, or to forbear from enforcing repayment of a debt are not enforceable under Washington law. PATRIOT ACT N...
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NONSTANDARD TERMS. The following space contains all nonstandard terms, including all previous oral agreements, if any, between Lender and Borrower: Lender’s Initials By initialing the boxes to the left, Lender and Borrower affirm that no unwritten oral agreement exists between them. BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN AGREEMENT AND BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT IS DATED OCTOBER 19, 2018. BORROWER: TOROTEL, INC. By: /s/ Xxxxx X. Xxxxxxx, Chief Financial Officer of Torotel, Inc. By: /s/ Xxxx X. Xxxxxxxx, Xx., President of Torotel, Inc. LENDER: CORNERSTONE BANK By: /s/ Xxxx X. Xxxxx, Vice President LOAN NO. 913236 Borrower: Torotel, Inc. Lender: Cornerstone Bank 000 X XXXXXX XXXX Main Office OLATHE. KS 66062 0000 X. 000xx Xxxxxx Xxxxxxxx Xxxx, XX 00000 Principal Amount: $815,000.00 Date of Note: October 19, 2018 PROMISE TO PAY. TOROTEL, INC. (“Borrower”) promises to pay to Cornerstone Bank (“Lender”) , or order, in lawful money of the United States of America, the principal amount of Eight Hundred Fifteen Thousand & 00/100 Dollars ($815,000.00), together with interest on the unpaid principal balance from October 19 , 2018 , calculated as described in the “INTEREST CALCULATION METHOD” paragraph using an interest rate of 5.350%, until paid in full. The interest rate may change under the terms and conditions of the “INTEREST AFTER DEFAULT” section.
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NONSTANDARD TERMS. The following space contains all nonstandard terms, including all previous oral agreements, if any, between Lender and Borrower: Lender’s Initials By initialing the boxes to the left, Lender and Borrower affirm that no unwritten oral agreement exists between them. BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN AGREEMENT (ASSET BASED) AND BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT (ASSET BASED) IS DATED OCTOBER 19, 2018. BORROWER: TOROTEL, INC. By: /s/ Xxxxx X. Xxxxxxx, Chief Financial Officer of Torotel, Inc. By: /s/ Xxxx X. Xxxxxxxx, Xx., President of Torotel, Inc. LENDER: CORNERSTONE BANK By: /s/ Xxxx X. Xxxxx, Vice President LOAN NO. 913242 Borrower: Torotel, Inc. Lender: Cornerstone Bank 000 X XXXXXX XXXX Main Office OLATHE. KS 66062 0000 X. 000xx Xxxxxx Xxxxxxxx Xxxx, XX 00000 Principal Amount: $1,000,000.00 Date of Note: October 19, 2018 PROMISE TO PAY. Torotel, Inc. (“Borrower”) promises to pay to Cornerstone Bank (“Lender”), or order, in lawful money of the United States of America, the principal amount of One Million & 00/100 Dollars ($1,000,000.00) or so much as may be outstanding, together with interest on the unpaid outstanding principal balance of each advance. Interest shall be calculated from the date of each advance until repayment of each advance.
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NONSTANDARD TERMS. The following space contains all nonstandard terms, including all previous oral agreements, if any, between Lender and Borrower: Lender’s Initials By initialing the boxes to the left, Lender and Borrower affirm that no unwritten oral agreement exists between them. BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN AGREEMENT (ASSET BASED) AND BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT (ASSET BASED) IS DATED OCTOBER19, 2018. BORROWER: TOROTEL, INC. By: /s/ Xxxxx X. Xxxxxxx, Chief Financial Officer of Torotel, Inc. By: /s/ Xxxx X. Xxxxxxxx, Xx., President of Torotel, Inc. LENDER: CORNERSTONE BANK By: /s/ Xxxx X. Xxxxx, Vice President
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NONSTANDARD TERMS. The following space contains all nonstandard terms, including all previous oral agreements, if any, between Lender and Borrower: Lender’s Initials By initialing the boxes to the left, Lender and Borrower affirm that no unwritten oral agreement exists between them. BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN AGREEMENT (ASSET BASED) AND BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT (ASSET BASED) IS DATED AUGUST 15, 2017. BORROWER: TOROTEL PRODUCTS, INC. By: /S/ By: /S/ Xxxx X. Xxxxxxxx, Xx, CEO and President of TOROTEL PRODUCTS, INC. Xxxxx Xxxxxxx, CFO and Assistant Secretary of TOROTEL PRODUCTS, INC.
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NONSTANDARD TERMS. The following space contains all nonstandard terms, including all previous oral agreements, if any, between Lender and Borrower: Lender’s Initials By initialing the boxes to the left. Lender and Borrower affirm that no unwritten oral agreement exists between them. PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, BORROWER AGREES TO THE TERMS OF THE AGREEMENT. BORROWER: ICOP DIGITAL, INC By: /s/ Xxxxx X. Xxxx
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NONSTANDARD TERMS. The following space contains all nonstandard terms, including all previous oral agreements, if any, between Lender and Borrower: Lender’s Initials By initialing the boxes to the left. Xxxxxx and Xxxxxxxx affirm that no unwritten oral agreement exists between them. Loan No: 9245710 CHANGE IN TERMS AGREEMENT (Continued) Page 3 PRIOR TO SIGNING THIS AGREEMENT, XXXXXXXX READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT, XXXXXXXX AGREES TO THE TERMS OF THE AGREEMENT. BORROWER: ICOP DIGITAL, INC By: /s/ Xxxxx X. Xxxx
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NONSTANDARD TERMS. The following space contains all nonstandard terms, including all previous oral agreements, if any, between Lender and Guarantor: Lender’s Initials By initialing the boxes to the left, Lender and Guarantor affirm that no unwritten oral agreement exists between them. EACH UNDERSIGNED GUARANTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS GUARANTY AND AGREES TO ITS TERMS. IN ADDITION, EACH GUARANTOR UNDERSTANDS THAT THIS GUARANTY IS EFFECTIVE UPON GUARANTOR’S EXECUTION AND DELIVERY OF THIS GUARANTY TO LENDER AND THAT THE GUARANTY WILL CONTINUE UNTIL TERMINATED IN THE MANNER SET FORTH IN THE SECTION TITLED “DURATION OF GUARANTY”. NO FORMAL ACCEPTANCE BY LENDER IS NECESSARY TO MAKE THIS GUARANTY EFFECTIVE. THIS GUARANTY IS DATED OCTOBER 20, 2017. GUARANTOR: TOROTEL, INC. By: /S/ By: /S/ Xxxx X. Xxxxxxxx, Xx, CEO and President of TOROTEL, INC. Xxxxx Xxxxxxx, CFO and Assistant Secretary of TOROTEL, INC.
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Related to NONSTANDARD TERMS

  • Standard Terms Recitals:

  • Standard Terms and Conditions Executive expressly understands and acknowledges that the Standard Terms and Conditions attached hereto are incorporated herein by reference, deemed a part of this Agreement and are binding and enforceable provisions of this Agreement. References to “this Agreement” or the use of the term “hereof” shall refer to this Agreement and the Standard Terms and Conditions attached hereto, taken as a whole.

  • General Legal Terms 12.1 If any court of law having the jurisdiction to decide on this matter rules that any provision of this License Agree- ment is invalid, then that provision will be removed from this License Agreement without affecting the rest of this License Agreement. The remaining provisions of this License Agreement will continue to be valid and enforceable.

  • Prices and Terms of Payment 3.1 The Total Purchase Price (inclusive of any tax payable) shall be paid in accordance with the payment schedule set forth in Appendix B of this Agreement.

  • STANDARD TERMS AND CONDITIONS OF TRUST Subject to the provisions of Part II hereof, all the provisions contained in the Standard Terms and Conditions of Trust are herein incorporated by reference in their entirety and shall be deemed to be a part of this instrument as fully and to the same extent as though said provisions had been set forth in full in this instrument.

  • Addendum to Agreement Students who do not complete an AA/AS degree can use the prescribed curriculum in a statewide transfer articulation agreement as a common advising guide for transfer to all public institutions that offer the designated bachelor’s degree program. Please note the following:

  • MODIFICATION OF CONTRACT TERMS The terms and conditions set forth in the Contract shall govern all transactions by Authorized User(s) under this Contract. The Contract may only be modified or amended upon mutual written agreement of the Commissioner and Contractor. The Contractor may, however, offer Authorized User(s) more advantageous pricing, payment, or other terms and conditions than those set forth in the Contract. In such event, a copy of such terms shall be furnished to the Authorized User(s) and Commissioner by the Contractor at the time of such offer. Other than where such terms are more advantageous for the Authorized User(s) than those set forth in the Contract, no alteration or modification of the terms of the Contract, including substitution of Product, shall be valid or binding against Authorized User(s) unless authorized by the Commissioner or specified in the Contract Award Notification. No such alteration or modification shall be made by unilaterally affixing such terms to Product upon delivery (including, but not limited to, attachment or inclusion of standard pre-printed order forms, product literature, “shrink wrap” terms accompanying software upon delivery, or other documents) or by incorporating such terms onto order forms, purchase orders or other documents forwarded by the Contractor for payment, notwithstanding Authorized User’s subsequent acceptance of Product, or that Authorized User has subsequently processed such document for approval or payment.

  • of the Standard Terms (b) The Company hereby represents and warrants to the Trustee for the benefit of Certificateholders that as of the Closing Date (or, if otherwise specified below, as of the date so specified):

  • Amended Terms On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.

  • Definitions of Words and Terms Capitalized words used in this Agreement which are not otherwise defined herein shall have the meanings set forth in the Annex of Definitions attached hereto.

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