Common use of Possible minimization Clause in Contracts

Possible minimization. Each Borrower agrees to compensate the Bank whether or not the increase or reduction could have been avoided. However, if a Borrower asks, the Bank agrees to consider ways of minimizing any increase or reduction.

Appears in 6 contracts

Sources: Loan Agreement (Santander Bancorp), Loan Agreement (Santander Bancorp), Loan Agreement (Santander Bancorp)