0001104659-04-023152 Sample Contracts

HARRIS LINE OF CREDIT AGREEMENT
Line of Credit Agreement • August 9th, 2004 • Community First Bankshares Inc • State commercial banks • Illinois

The Customer referred to below has applied for, and Harris Trust and Savings Bank, Chicago, Illinois (“Bank”), has approved the establishment of, a line of credit account (“Loan Account”) from which the Customer may from time to time request loans in the aggregate amount of credit shown below (the “Maximum Credit”). Interest on such loans is computed at a variable rate which may change daily based upon changes in the Bank’s Prime Rate or at a short term fixed rates based upon LIBOR. The Customer may make principal payments at any time and in any amount, subject to payment of the funding indemnity more fully provided in paragraph no. 2 below. The request by the Customer for, and the making by the Bank of, any loan against the Loan Account shall constitute an agreement between the Customer and the Bank as follows:

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.