Common use of Account Ceiling Clause in Contracts

Account Ceiling. If at any time the Program account balance exceeds the unpaid balance on the designated loan, Lender may apply the funds in the Program account to pay off the loan. Any excess funds will be returned to Borrower.

Appears in 4 contracts

Samples: Master Loan Agreement (Heron Lake BioEnergy, LLC), Master Loan Agreement (Heron Lake BioEnergy, LLC), Master Loan Agreement (Renewable Energy Group, Inc.)

AutoNDA by SimpleDocs

Account Ceiling. If at any time the Program account Account balance exceeds the unpaid balance on the designated loan, Lender may apply the funds in the Program account Account to pay off the loan. Any excess funds will be returned to Borrower.

Appears in 1 contract

Samples: Construction and Revolving Loan Agreement (United Wisconsin Grain Producers LLC)

AutoNDA by SimpleDocs

Account Ceiling. If at any time the Program account balance exceeds the unpaid balance on the designated loan, Lender may apply the funds in the Program account to pay off payoff the loan. Any excess funds will be returned to Borrower.

Appears in 1 contract

Samples: Master Loan Agreement (Green Plains Renewable Energy, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!