Common use of Other Bank Agreements Clause in Contracts

Other Bank Agreements. A Borrower (or any guarantor) fails to meet the conditions of, or fails to perform any obligation under any other agreement which a Borrower (or any guarantor) has with the Bank, BofA or any other affiliate of the Bank. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of 10 days after the date on which the Bank gives written notice of the breach to the Borrowers; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrowers during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Educational Medical Inc)

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Other Bank Agreements. A Any Borrower (or any guarantorGuarantor) fails to meet --------------------- the conditions of, or fails to perform any obligation under any other agreement which a any Borrower (or any guarantorGuarantor) has with the Bank, BofA Bank or any other affiliate of the Bank. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of 10 30 days after the date on which the Bank gives written notice of the breach to the Borrowers; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrowers during that period.

Appears in 1 contract

Samples: Business Loan Agreement (Kinetics Group Inc)

Other Bank Agreements. A The Borrower (or any guarantor) fails to meet the conditions of, or fails to perform any obligation under any other agreement which a the Borrower (or any guarantor) has with the Bank, BofA Bank or any other affiliate of the Bank. If, in the Bank's opinion, the breach is capable of being remedied, . the breach will not be considered an event of default under this Agreement for a period of 10 30 days after the date on which the Bank gives written notice of the breach to the Borrowers; Borrower-, provided, however, that the Bank will not be obligated to extend any additional credit to the Borrowers Borrower during that period.

Appears in 1 contract

Samples: America Business Loan Agreement (Variflex Inc)

Other Bank Agreements. A The Borrower (or any guarantor) fails to meet the conditions of, or fails to perform any obligation under any other agreement which a the Borrower (or any guarantor) has with the Bank, BofA Bank or any other affiliate of the Bank. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of 10 thirty (30) days after the date on which the Bank gives written notice of the breach to the BorrowersBorrower; provided, however, that the Bank will not be obligated to extend any additional credit to the Borrowers Borrower during that period.

Appears in 1 contract

Samples: America Business Loan Agreement (Edelbrock Corp)

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Other Bank Agreements. A The Borrower (or any guarantor) fails to meet the conditions of, or fails to perform any obligation under any other agreement which a the Borrower (or any guarantor) has with the Bank, BofA Bank or any other affiliate of the Bank. If, in the Bank's opinion, the breach is capable of being remedied, the breach will not be considered an event of default under this Agreement for a period of 10 five (5) days after the date on which the Bank gives written notice of the breach to the Borrowers; Borrower, provided, however, that the Bank will not be obligated to extend any additional credit to the Borrowers Borrower during that period.

Appears in 1 contract

Samples: Employee Loan Agreement (Commerce One Inc / De/)

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