Demand Commercial Line of Credit Agreement Sample Contracts
Auburn Savings Bank, FSB MEMBER FDIC DEMAND COMMERCIAL LINE OF CREDIT AGREEMENTDemand Commercial Line of Credit Agreement • March 30th, 2026 • Elmet Group Co. • Miscellaneous fabricated metal products
AUBURN SAVINGS BANK, FSB (hereinafter called the “Lender”), by its acceptance hereof, commits itself subject to the terms of this Commercial Line Of Credit Agreement (hereinafter called the “Agreement”) to make loans to the undersigned Borrower up to a maximum aggregate principal amount at any one time outstanding of Six Hundred Thirty Four Thousand Dollars $634,000.00 (hereinafter called the “Ceiling Amount”), which the Borrower may borrow in full or in part, repay in full or in part, and reborrow, in accordance with the terms of this Agreement. This commitment shall expire on the first to occur of the following: (a) Lender's demand for payment of all Advances outstanding hereunder or (b) the occurrence of an event of default defined in paragraph 8 below. Borrower acknowledges that this Agreement is payable ON DEMAND and that notwithstanding anything to the contrary in this or any other instrument, agreement, or other document to which Borrower and/or Lender is a party, the enumeratio