Common use of Re-advances Clause in Contracts

Re-advances. If the Loan is a Revolving Credit Loan, the Borrower may throughout the Term, provided no Event of Default has occurred, borrow an amount equal to the Maximum Credit Limit less any amounts borrowed at that time.

Appears in 20 contracts

Samples: Loan Agreement General Terms, Personal Loan Agreement, Loan Agreement General Terms

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Re-advances. If the Loan is a Revolving Credit Loan, the Borrower may throughout the Term, provided no Event of Default has occurred, borrow an amount equal to the Maximum Credit Limit less any amounts borrowed at that time.. 4 TERM The Amount Outstanding must be repaid upon Demand. The Lender agrees that it may only make Demand following the occurrence of an Event of Default or a Change in Circumstance. If no Demand is made, the Loan is available to the Borrower for the Term. 5 FEES

Appears in 1 contract

Samples: Personal Loan Agreement Specific Terms

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